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Mechel Unloads Ukrainian Plant For 2,000 Euros

Mechel Unloads Ukrainian Plant For 2,000 Euros

Aug 26, 2013 | Central & Eastern Europe, News, Russia

The Moscow Times Vadim Varshavsky, founder of the steel holding company Estar, is trying to regain the assets he sold to the now debt-laden Russian steel and coal producer Mechel. The first business returned will be the Donetsk Electrometallurgical Plant, a steel...
LUKoil Affiliate to Buy Bulgarian Wind Farms

LUKoil Affiliate to Buy Bulgarian Wind Farms

Aug 22, 2013 | Central & Eastern Europe, News, Russia, Western Europe

The Moscow Times A joint venture of the Italian energy company ERG and LUKoil, Lukerg Renew, has received approval to buy four wind energy companies in northeastern Bulgaria and beef up its clean energy profile in Europe. The Bulgarian Competition Protection...
Kerimov Ups Uralkali Stake to 22 Percent

Kerimov Ups Uralkali Stake to 22 Percent

Aug 22, 2013 | Central & Eastern Europe, News, Russia

The Moscow Times Billionaire Suleiman Kerimov’s investment vehicle, Nafta Moskva, raised its stake in Russian potash producer Uralkali by 4.55 percent last month, but before the company’s market-shaking fallout with Belarussian partner Belaruskali last...
Gazprom Buys MOEK Energy Company for $3Bln

Gazprom Buys MOEK Energy Company for $3Bln

Aug 16, 2013 | Central & Eastern Europe, News, Russia

The Moscow Times A subsidiary of Gazprom has won a tender to buy the Moscow United Energy Company, or MOEK, according to auction results announced Tuesday, in a bid apparently intended to diversify Gazprom’s business. Gazprom Energoholding was announced the...
India Pushes Customs Union and Investment Projects in St. Pete

India Pushes Customs Union and Investment Projects in St. Pete

Jun 26, 2013 | Central & Eastern Europe, India, News, Russia, South & Central Asia

The Moscow Times India and Russia made progress in forging a Comprehensive Economic Cooperation Agreement between the Asian giant and the Customs Union of Belarus, Kazakhstan and the Russian Federation during the St. Petersburg International Economic Forum. “We...
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