Aug 20, 2013 | Central & Eastern Europe, Latin America, News, Russia
The Moscow Times President Vladimir Putin’s calls for domestic companies to repatriate their funds back home from offshore jurisdictions have fallen on deaf ears, with almost half of the $67 billion investment by Russian residents abroad in the first quarter of...
Aug 20, 2013 | Central & Eastern Europe, France, News, Russia, Western Europe
The Moscow Times The government has changed tack in its efforts to save the Russian civil aviation industry. Plans to tap the expertise of multinational European defense and aerospace heavy-hitter EADS have been abandoned as state-owned Vneshekonombank sells its $2.3...
Aug 20, 2013 | Central & Eastern Europe, News, Russia
Moscow Times Rostelecom has launched a 30 billion ruble ($909 million) buyback offer for about 30 percent of the shares held by minority investors, news stories said Friday, citing sources close to the firm. Reports of the buyout, on which the state-controlled firm...
Aug 18, 2013 | Central & Eastern Europe, News, Russia, Western Europe
The Moscow Times The founder and main shareholder of Moscow-based private equity firm ICT Group, Alexander Nesis, is part of a consortium of investors that has bought a 33 percent stake in Greek gambling monopoly Opap in that country’s largest ever...
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...
Aug 16, 2013 | Central & Eastern Europe, News, North America, Russia
The Moscow Times State-owned Vnesheconombank (VEB) is planning to create a “fund of funds” to invest in small- and mid-sized Russian businesses, as part of the government’s plan to boost economic growth, VEB deputy CEO Alexander Ivanov said. VEB will...
