The Moscow Times Business

Failed Opel Deal Draws Ire From Putin

Wed, 04 Nov 2009 21:00:00 GMT

As thousands of auto workers protested at German factories, demanding independence from a company they said had betrayed them, Prime Minister Vladimir Putin said the about-face after months of talks would leave a bitter taste in some European mouths.

Kudrin, Ulyukayev Take Eurobond Talk to London

Wed, 04 Nov 2009 21:00:00 GMT

Officials say Russia could be ready for the sovereign eurobond issue by the end of February, but the timing of the actual placement will depend on the market, as will the maturity and the currencies — which could include euros as well as dollars.

Prokhorov's RusAl Stake Rises After Restructuring Talks

Wed, 04 Nov 2009 21:00:00 GMT

A source close to RusAl's shareholders confirmed that Prokhorov agreed to convert a total of $1.8 billion in debt into RusAl shares, which would raise his stake to 19.16 percent after an earlier share issue agreed upon in March.

Anti-Crisis Funds Moved From Banks to Industry

Wed, 04 Nov 2009 21:00:00 GMT

Finance Minister Alexei Kudrin said next week the Finance Ministry will submit changes to the 2009 budget to the State Duma that will redirect funds reserved for capitalizing banks through the use of government bonds and state guarantees.

Service Sector Grows for 3rd Straight Month

Wed, 04 Nov 2009 21:00:00 GMT

The headline PMI climbed to 54.3 in October — its highest since September 2008 — from 53.0 the previous month.

CTC Sees Tough Times Ahead in 2010

Wed, 04 Nov 2009 21:00:00 GMT

The company, which runs independent TV and production companies in Russia and other former Soviet states, said on Thursday that it expected advertising revenue in ruble terms to be 4 percent to 6 percent lower this year.

For the Record

Wed, 04 Nov 2009 21:00:00 GMT

Moscow Takes On Strabag

Wed, 04 Nov 2009 21:00:00 GMT

VEB May Sell Malev Stake

Wed, 04 Nov 2009 21:00:00 GMT

Carlsberg Cuts 2009 Forecast

Wed, 04 Nov 2009 21:00:00 GMT

Blavatnik Buys Mel Gibson's Production Company

Wed, 04 Nov 2009 21:00:00 GMT

Luzhkov Rails Against Abramovich's Chelsea Stake

Wed, 04 Nov 2009 21:00:00 GMT

Bulgaria Warns on Balkan Pipeline

Wed, 04 Nov 2009 21:00:00 GMT

But the new center-right cabinet has put on review Bulgaria�s commitments to Russian-backed energy projects to see whether they matched national interests and were environmentally friendly.

LUKoil Expands Trading Into Asia

Wed, 04 Nov 2009 21:00:00 GMT

The company, which just started exporting naphtha this year, has so far shipped out 120,000 metric tons of the petrochemical feedstock to Asia since January.

MTS Reaches Debt Restructuring Deal

Wed, 04 Nov 2009 21:00:00 GMT

The company said the new terms provided for lower interest, longer maturity and a conversion of a significant part of the 300 million euro loan into rubles.

Gazprom Finds Gas in Venezuela

Wed, 04 Nov 2009 21:00:00 GMT

The country is awaiting results from drilling by Inpex and additional tests to decide how to develop the gas reserves, Venezuela's oil and gas minister said.

Belarus Bans Import of Russian Pork

Wed, 04 Nov 2009 21:00:00 GMT

The move was is intended to protect consumers from African swine fever, a spokeswoman for the country�s Agriculture Ministry said Wednesday.

Zarubezhneft Inks Oil Deals With Cuba

Wed, 04 Nov 2009 21:00:00 GMT

The company signed up with state-owned Cuba Petroleos for four almost contiguous blocks in the Gulf of Mexico just east of Cuba�s most prolific oil field in Varadero.

Government May Sell Less Debt

Wed, 04 Nov 2009 21:00:00 GMT

The government is planning its first international debt sale since the 1998 default to help plug the country�s first budget gap in a decade.

AvtoVAZ Gets Extra $2Bln in State Aid

Wed, 04 Nov 2009 21:00:00 GMT

The government may allow Renault to take control of the struggling automaker as part of a broader development plan.

Filmmakers Get Government Assistance

Wed, 04 Nov 2009 21:00:00 GMT

Prime Minister Vladimir Putin praised the growth of the Russian film industry over the last decade but called for more international exposure.

Naftogaz Says It Will Pay for October Gas

Wed, 04 Nov 2009 21:00:00 GMT

Naftogaz has not missed any payments since Prime Ministers Vladimir Putin and Yulia Tymoshenko brokered a deal in January to end a supply disruption that left large swaths of Europe without gas for several weeks.

Failed Opel Deal Surprises Russia

Wed, 04 Nov 2009 21:00:00 GMT

The U.S. automaker�s board of directors voted late Tuesday in Detroit to scrap the sale following seven months of heated negotiations in Europe and the United States, a decision that provoked 'surprise' from Russia.

Naftogaz to Make October Gas Payment

Tue, 03 Nov 2009 21:00:00 GMT

Putin Allocates More Funding to Film Industry

Tue, 03 Nov 2009 21:00:00 GMT

The prime minister praised the growth of the Russian film industry over the last decade but called for more international exposure.