Russia

Russia's inflation hits new historic low at 2.7% in October

bne IntelliNews November 8, 2017

Russia's Consumer Price Index (CPI) in October fell again to an extraordinary low of 2.7% year-on-year down from the already low 3% seen in September, Rosstat statistics agency said on November 7.

Higher exports and investment push first-half growth in all EBRD countries bar two

bne IntelliNews November 7, 2017

EBRD markedly hikes its forecasts for economic growth in Emerging Europe after assessing the arrival of expansion that is so strong that it is already running up against structural constraints.

What the “Paradise Papers” missed: the Kremlin tech investment portfolio

Adrien Henni in Moscow November 7, 2017

Russian tech whizz Yuri Milner got "hundreds of millions of dollars" from the Kremlin to invest into Twitter and Facebook, but what the reporting misses is the Kremlin investments in a wide range of tech household names.

Russia's region ask the centre for financial help

Vladimir Kozlov in Moscow November 7, 2017

Against the backdrop of the Russian economy gradually coming out of recession and oil prices on the rise, the country's far-flung region have been feeling financial strain and are asking the centre for help.

Russia's highest dividend paying stocks for the next 12 months

Ben Aris in Berlin November 6, 2017

Russia’s summer dividend payout season is over so it's time for investors to look forward to the next one. High yielding dividend stocks have been consistent index outperformers nearly every year since 2014.

CEE monthly bond wrap – bonds off the boil in the CIS

Ben Aris in Berlin November 3, 2017

October was a disappointing month for bond issues in the CIS as the volumes of issues dropped off sharply from a stellar September, while the volumes in Central and Eastern Europe held their own

Russia's Services PMI growth softens in October

bne IntelliNews November 3, 2017

The latest PMI survey data signalled a weaker start to the final quarter of 2017 for the service sector but business activity still made increases

Retired Turkish general reckons odds of Ankara acquiring Russian S-400 missile system “even less than 10%”

bne IntelliNews November 3, 2017

Though Russia's Rostec says the deal has been arranged at more than $2bn and Turkish president states a down payment has been made, observers still foresee Nato member Turkey backtracking.

Russian government officials could be charged for US election hacking

bne IntelliNews November 2, 2017

The US Department of Justice is investigating six Russians government officials over hacking and meddling in the 2016 US presidential elections

Cleaning up Russia's banking sector will take up to two years, central banker says

bne IntelliNews November 2, 2017

The regulator has revoked the licenses of about 350 lenders over the last four years bringing the number of banks in Russia to about 600

Iran, Russia display strategic unity and envision huge oil deal as Putin visits Tehran

bne IntelliNews November 1, 2017

Busy agenda ranges over preserving nuclear deal, Syria, Rosneft and NIOC contracts worth $30bn and planned 7,200-kilometre International North-South Transport Corridor.

Russia wants EU guarantees to continue with Turkish Stream development

bne IntelliNews November 1, 2017

Demand in Southern, Southeast Europe would justify second branch of Turkish Stream, but no plans to go ahead without legal guarantees from Brussels, Russian foreign minister says.

Russia's manufacturing PMI growth still shaky in October

bne IntelliNews November 1, 2017

Russia's manufacturing Purchasing Managers' Index (PMI) showed some growth in October, while both output and new orders for Russian manufacturing producers eased and overall performance was the weakest since June, according to the IHS Markit report.

Russia moves up to 35th place in the World Bank's annual 'Doing Business' index

bne IntelliNews November 1, 2017

Russia is now ranked only one place below Japan and is ahead of some EU states, such as Italy and Belgium, in terms of the World Bank's assessment of its 'ease of doing business'

Russia’s Rosneft interested in buying stake in Croatia’s INA

Carmen Simion in Bucharest October 29, 2017

Rosneft CEO Igor Sechin says that if the Russian oil major takes over INA it would modernise the Croatian company's two refineries at Rijeka and Sisak.

Russia's central bank cuts interest rate by 25bp to 8.25%

bne IntelliNews October 27, 2017

The cautious decision to lower the key rate by 25 bps to 8.25% is in line with market expectations

Can Eastern Europe top up the world’s wine glasses?

Clare Nuttall in Bucharest October 27, 2017

As bad weather in France and Italy caused world wine production to slump this year, sparking fears of future shortages, several countries in Eastern Europe have seen production rise.

Defense and security firms named in US's latest Russia sanctions list

bne IntelliNews October 27, 2017

The US Congress has received a list of Russian companies that could face sanctions in 2018, which includes defense-related organisations as well as state security agencies such as the Federal Security Bureau

Cryptocurrencies: more than a token effort

Cy Leclercq in Moscow October 25, 2017

Cryptocurrencies are set to take the world by storm and Eastern Europe is the surprise hub of this fledgling industry, while Vladimir Smerkis of The Token Fund has found himself firmly at its centre.

Russian En+ valued at $7-$8.5bn ahead of IPO

bne IntelliNews October 24, 2017

The IPO of the major metals and energy player on the London Stock Exchange has been hotly anticipated.

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