UN: Russian economy to grow 6.4% in 2007
Russia`s economy is projected to expand 6.4% in 2007, down from 6.7% in 2006, according to experts at the United Nations Conference on Trade and Development (UNCTAD).
Necessary formalities prevent Russia to join WTO in 2007
Russia is unlikely to complete all necessary formalities to join the World Trade Organization (WTO) by the end of this year as was planned previously, the economics minister said Thursday.
New president of AvtoVAZ carmaker is named
Boris Alyoshin, who heads Russia`s Federal Agency for Industry, will become of the country`s largest automaker AvtoVAZ, a source in the agency said Thursday.
Putin in Indonesia to strengthen economic ties
Russian President Vladimir Putin arrived in Jakarta on Thursday with a large delegation of energy, banking and weapons officials for a one-day visit to boost trade and economic ties.
Russia`s OGK-2 power generator unveils IPO plans
Russian wholesale generating company OGK-2 said Tuesday it planned to float 31.2% of its enlarged charter capital on the London Stock Exchange, but gave no timeframe.
Tajikistan breaks off with Russian gigant RUSAL
Tajik President Emomali Rakhmonov has signed a resolution to break off one-sidedly the agreement on long-term cooperation between the Tajik government and RUSAL dated back to October 16, 2004, because the company failed to fulfill its obligations.
Russia`s Novolipetsk Steel net profit up 12.8% y-o-y in H1
Novolipetsk Steel [RTS: NLMK] said Tuesday its U.S. GAAP net profit increased 12.8%, year-on-year, in the first half of 2007, to $1.06 billion.
S. Korea to supply Russia`s Primorsk Shipping Co. with 6 tankers
South Korea`s Hyundai Heavy Industries Co., the world`s largest shipbuilder, will build six tankers for the Primorsk Shipping Company in 2008-2009, the Russian Far East-based company said Monday.
Borse Dubai bids 4 billion dollars for Nordic operator OMX
Dubai-based market operator Borse Dubai on Friday presented a 3.97-billion-dollar (2.94-billion-euro) bid for Nordic stock market operator OMX, valuing the group 13.7 percent higher than a rival bid by Nasdaq.
Statistics: UK is Russia`s top investor
Forbes Magazine has named Great Britain the biggest investor in Russia in the first half of 2007. That is according to the Russian Federal service.
Over 4,500 aircraft yo appear in Russia by 2025
Russia is planning to manufacture more than 4,500 civilian and military aircraft by 2025, worth $250 billion, the head of the Russian aircraft manufacturing mega-holding said Wednesday.
Yukos overseas assets are sold to little-known company for $307 mln
A company earlier believed to be affiliated with Russian state-owned crude producer Rosneft bought overseas assets of bankrupt oil company Yukos for 7.8 billion rubles ($307 million) at an auction Wednesday.
Russian state aircraft maker to collaborate with Boeing and Airbus
Russia`s United Aircraft Building Corporation (UABC), formed last year from leading domestic plane producers, will expand its partnership with the world`s two largest aircraft makers, Boeing and Airbus, UABC`s president said Wednesday.
Norilsk Nickel buys over 97% of LionOre stock
Russian metals giant Norilsk Nickel [RTS: GMKN] said Tuesday it had purchased over 97.7% of shares of Canada`s nickel and gold producer LionOre under its cash offer, and started compulsory acquisition of the remaining stock.
Global stocks skid, yen gains as credit fears grip
Japan`s Nikkei plumbed a 2007 low and other Asian stock markets fell as much as 6 percent on Wednesday as investors shunned risky trades amid growing credit jitters, pushing the yen to a 4 and a half month high.
Central banks act to head off global credit crisis
Central banks around the globe pumped billions of dollars into banking systems on Friday in a concerted effort to beat back a widening credit crisis, and they pledged to do more if needed.
Gazprom revised investment strategy
Russian gas monopoly Gazprom announced Friday an increase in allocations for its 2007 investment program to 779 billion rubles ($30 billion), 47% more than the figure agreed on last December.
Medvedev: Russian Gazprom could become world`s richest company
Russian gas giant Gazprom could become the richest company in the world, a Russian first deputy prime minister said in an interview with a German magazine Thursday.
Iraq`s oil minister: No privileges for Russia oil firms
Iraq`s oil minister said on arriving in Moscow Wednesday that Russian crude producers will have to compete on equal terms with other companies in the oil-rich country.
Oil prices climb in Asian trading
Oil prices rose Thursday in Asia after a U.S. government report showed big declines in crude and gasoline stockpiles and an unexpected drop in refinery activity.
Bank of Russia foreign currency exchange rates for August 8
The following rates of exchange of foreign currencies to the ruble of the Russian Federation have been fixed for the purposes of accounting and customs duty payments from August 8, 2007:
Severstal-Avto applies to assemble Isuzu trucks
Russian auto maker Severstal-Avto has filed an application with the economics ministry for industrial assembly of Isuzu trucks in Russia, a ministry official said Tuesday.
Russia aims at clear foreign investment rules in energy sector
Russia`s president called Monday for improvements to rules for foreign investment in the country`s oil and gas sector, to ensure clarity and transparency.
Belarus to pay gas bill to Russia in full by Friday
Belarus will pay its remaining debt for Russian natural gas deliveries in full by Friday, a spokesman for the country`s gas pipeline operator Beltransgaz said Monday.
2 Russian Kalashnikov factories to be built in Venezuela
Russia will build two factories for production of the famous Kalashnikov assault rifle and ammunition in Venezuela by 2010, a Russian arms manufacturer said Monday.