Safmar group of billionaire Mikhail Gutseriev confirms earlier reports and will acquire MediaMarktSaturn electronics retailer owned by the German Ceconomy, Vedomosti daily said on June 20 citing both companies.
The Azerbaijani army has made substantial territorial gains in the enclave of Nakhchivan, taking 11,000 hectares of land from Armenia, the defence ministry in Baku announced in a video posted on its website on June 20.
Commitment of EU’s major powers to salvaging nuclear deal starting to look rather feeble.
A delegation from Moscow-based multilateral lender the International Investment Bank (IIB) visited Budapest on June 18 as it prepares to set up its new European unit in the Hungarian capital, the bank said in a statement.
Unanimous approval paves the way for restructuring of Croatian food and retail giant that was plunged into crisis in early 2017.
If Donald Trump signs a reconciled version of the bill, 100 stealth jets earmarked for Ankara may be held back.
"They are telling me I shouldn’t talk about this before the election... I have to speak the truth, so we can reach the truth,” he says on campaign trail.
Afraid of falling behind its erstwhile rival, Russia's second-largest bank VTB Bank is negotiating a joint venture with Chinese e-commerce major Alibaba, Vedomosti daily said on June 19 citing unnamed sources close to the deal.
Some Russian regions will not be financially capable of maintaining their 2018 FIFA World Cup facilities in the long run after the tournament is over, Fitch said in a report.
Observers see move as another development in President Jeenbekov’s struggle to purge the influence of his predecessor Atambayev.
Rimsevics has been suspended since February when the investigation, concerning a bribe of over €100,000, was launched.
Russia's state holding Rosneftegaz, that holds the government shares in oil major Rosneft, will switch to paying dividends twice a year, and will pay out at least 50% of its net profit in keeping with the Ministry of Finance’s orders.
Economy likely to suffer quarter or two of negative growth this year says forecast that lies well below the consensus.
As the nuclear deal threatens to entirely unravel, stable assets are in short supply forcing many investors to take a punt on shares.
Remote nation’s economy has long been known as a basket case but with observers now placing it on “hyperinflation watch” the situation is beyond dire.
President Milos Zeman has already said he will refuse to appoint Miroslav Poche, who the CSSD put forward as foreign minister, raising questions of how much influence Zeman will have on the government.
Government price-fixing measures fail to stop big hikes in the cost of living as US sanctions on horizon start to take an inflationary toll.
Ex-Yugloslavian country to be renamed Republic of North Macedonia under historic agreement signed with neighbouring Greece that unlocks Skopje's EU and Nato prospects.
Dmitry Medvedev’s government pushed through the long discussed but sensitive decision as part of the Kremlin’s drive to raise fresh revenues to meet President Vladimir Putin’s proposed RUB8 trillion spending extravaganza.
President’s latest attack on ratings agencies amid country’s economic turmoil may further complicate task of meeting large external financing requirements.