May 23, 2013 | Central & Eastern Europe, News, Russia
Moscow Times 22 May 2013 Russneft CEO Mikhail Gutseriyev paid $20 million for 41 percent of Krasnaya Polyana, which is building a ski resort in Sochi, he said in an interview with the Dozhd television channel, Vedomosti reported Wednesday. He said a friend of his,...
May 23, 2013 | Africa, Central & Eastern Europe, MENA, News, Russia
Moscow Times 22 May 2013 VimpelCom’s talks to sell a controlling stake in its Algerian mobile business Djezzy to Algeria are at a delicate stage but have not failed, a source with knowledge of the discussions said on Wednesday. Algeria wants to nationalize...
May 23, 2013 | Central & Eastern Europe, News, Russia
Moscow Times 22 May 2013 LONDON — The country’s second-largest bank VTB expects to close its $3.3 billion offering of new shares by the end of the week, with three sovereign wealth funds investing about $500 million each, chief executive Andrei Kostin said....
May 19, 2013 | Central & Eastern Europe, News, North America, Russia
Moscow Times 19 May 2013 Russian billionaire and president of gaming operator Ritzio International Oleg Boiko is set to produce Scarlett Johansson’s directorial debut, a film adaptation of Truman Capote’s novel “Summer Crossing.” Boiko will...
May 17, 2013 | Central & Eastern Europe, News, Russia
SOCHI, Russia, May 16 (Reuters) – Russian diamond miner Alrosa plans a share sale that could value the business at up to $15 billion and raise hundreds of millions of roubles for its local and national government owners. The issue, which the Russian government...
