Russia

Geothermal starts to glow in Southeast Europe

Clare Nuttall in Bucharest November 22, 2017

Turkey is an emerging geothermal superstar and countries across Eastern Europe are increasingly harnessing underground energy to provide cheap and eco-friendly local heating and energy.

Czech president says Russian sanctions must end

Robert Anderson in Prague November 22, 2017

Milos Zeman once again broke ranks with other European leaders and the Czech government by visiting Russian President Vladimir Putin and calling for sanctions to be dropped.

ALACO DISPATCHES: Why Russia’s elections may derail Putin’s biggest critic

Yigal Chazan and Nicolae Reutoi of Alaco November 20, 2017

There is a strong possibility that Xenia Sobchak will draw away some of Alexei Navalny’s supporters: those losing faith in him and others preferring a less confrontational approach towards the Kremlin.

Russia’s banking sector recovers after a catastrophic summer and is back in profit – just

Ben Aris in Berlin November 19, 2017

Russian banks earned an aggregate profit of just RUB18bn ($300mn) in the first 10 months.

Russian steelmakers beat a retreat from Ukraine

Sergei Kuznetsov in Kyiv November 17, 2017

Severstal, Rusal and Evraz have sold a significant part of their Ukraine assets as the breach between Kyiv and Moscow grows ever deeper.

Russian internet major Yandex plans to IPO Yandex.Taxi

bne IntelliNews November 17, 2017

In July Yandex and Uber agreed to join forces in Russia, Armenia, Azerbaijan, Belarus, Georgia and Kazakhstan.

Foreigners' share of Russian bonds at all-time high, CBR says

bne IntelliNews November 17, 2017

The share of foreign investments in rouble-denominated OFZ bonds has reached 33.2%, but central bank governor Elvira Nabiullina expects foreign investors to be replaced by local buyers as yields stabilise.

Russian industrial output stalls in October

bne IntelliNews November 17, 2017

Industrial output in Russia failed to show growth for the first time since March, slipping by 0.1% in month-on-month seasonally adjusted terms.

MACRO ADVISER: Six reasons why Russia does not want a higher oil price

Chris Weafer of Macro-Advisory November 16, 2017

If oil stays in the $60-65 range, or higher, then Russian support for an Opec deal extension is very unlikely.

Russia's Watcom Shopping index falls hard in October

bne IntelliNews November 16, 2017

The school shopping bump that lifted the Watcom Shopping index at the end of summer has worn off and the index has fallen back heavily in the last few weeks.

Sberbank’s Ivanov Consumer Confidence Tracker rising but still negative

bne IntelliNews November 16, 2017

Consumer confidence improved to -12% in the third quarter compared to -15% in Q2.

STOLYPIN: The importance of Russia’s unimportant prime minister

Mark Galeotti of the Institute of International Relations Prague November 15, 2017

Vladimir Putin’s choice will be a potential indicator of the direction he plans to take in his fourth presidential term.

Court seizes Mints assets at FC Otrkitie trial

bne IntelliNews November 15, 2017

Moscow's arbitration court has seized the assets of property developer О1 Properties, owned by entrepreneur Boris Mints, as part of the cleaning up of ailing lender Financial Corporation Otkritie.

GDP growth in Russia disappointingly slows

bne IntelliNews November 14, 2017

Russia's GDP disappointed on the down side as the July-September numbers came in well below the government expectation at 1.2%, making the annual GDP growth amount to 1.8%.

"Oil Czar" Sechin defies court in hearing over former economy minister

bne IntelliNews November 14, 2017

Igor Sechin, influential head of Russia's largest oil company Rosneft, has ignored a court order to testify as a key witness at the trial of Alexei Ulyukayev.

President Trump sparks storm with comments about Russia at Apec

bne IntelliNews November 13, 2017

Trump reiterates desire to improve relations with Moscow and downplays Kremlin involvement in US elections.

Turkey says purchase of Russian S-400 missile system completed

bne IntelliNews November 13, 2017

Despite scepticism over whether the Nato member country would really go through with the acquisition, Ankara says it has done so. Word on whether the transaction infringes US sanctions directed at Russia now awaited.

Moody’s publishes a positive credit opinion on Russia's International Investment Bank

bne IntelliNews November 10, 2017

Moody’s gives International Investment Bank (IIB) a shot in the arm with a credit opinion as the development bank continues to reinvent itself.

Russian internet advertising beats TV first time in 20 years

bne IntelliNews November 10, 2017

Total spending on Internet advertising in Russia was more than spending on TV advertising for the first time ever in January-September 2017.

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