Aug 12, 2013 | Central & Eastern Europe, News, Russia, Southeast Asia
The Moscow Times Airport operator Basel Aero, a subsidiary of billionaire Oleg Deripaska’s Basic Element, will begin accepting bids on Sept. 6 to design Krasnodar’s Pashkovsky airport in the first step on its transformation into a major aviation hub. The winner will...
Aug 12, 2013 | Central & Eastern Europe, News, Russia
The Moscow Times VTB is looking into the possibility of buying mid-sized Petrocommerce bank, two banking sources said Thursday. State-controlled VTB is ramping up its business through organic growth and mergers, but a deal to buy Bank of Moscow led to a shareholder...
Aug 12, 2013 | Central & Eastern Europe, News, Russia
The Moscow Times Russian Railways has agreed to sell the defunct 19th century Voitovich rail-car repair plant in the east of the city to Moscow Metro, the state railway monopoly announced Monday. The value of the deal has not been disclosed. The Metro will use the...
Aug 11, 2013 | Central & Eastern Europe, China, East Asia, News, Russia
The Moscow Times Chinese petrochemical corporation Sinopec has bought 25 percent plus one share of the Krasnoyarsk synthetic rubber plant, where the company will produce nitrile butadiene rubbers in a joint venture with Sibur, the Russian petrochemical company...
Aug 8, 2013 | Central & Eastern Europe, News, Russia
The Moscow Times Hals-Development is looking to sell its 20-thousand-square-foot business center Danilovsky Fort for $165 million, Kommersant reported Monday. The price is 1 1/2 times the capitalization of the entire company, which was valued at $110 million on the...
