Russian second-tier retailer Lenta launched a 12-month GDR buyout programme worth RUB11.6bn ($177mn) or about of 10% of its freefloat, the company said on October 29. The buyout on the LSE will be managed by Credit Suisse.
Most Russians went to the dacha or stayed at home this summer and used the money they saved to update their smart phone to a newer model.
The Russian president's popularity took a hit following the approval of hikes to retirement ages this summer.
Russian shoe manufacturer and retailer Obuv Rossii (OR) said it will spend up to RUB900mn ($14mn) on a share buyback, which could result in buying up to 10% of its shares, the company said on October 26.
The board of the Central Bank of Russia resolved to keep the key interest rate unchanged at 7.5% at the policy meeting of October 25, as widely expected by the market.
Yandex.Checkout together with state-owned retail banking giant Sberbank, have launched “B2B Payments” to make payments between SMEs easier.
Russian e-commerce market for physical goods will grow to $31bn by 2020 and may reach $52bn by 2023 according to Morgan Stanley
Senior VMRO-DPMNE members accused of convincing MPs to vote for constitutional changes opposed by party leadership, and expelled from the party, amid claims of bribery and blackmail.
The net profit of Russian non-financial corporations is up by half in the first half of this year thanks to higher than expected oil prices, according to a new report by HSE’s Center for Development.
First concrete unlikely to be poured before 2020 but UzAtom wants 15% of Uzbek energy generation to derive from nuclear by 2030. Plant likely to be first post-Soviet operational nuclear plant in Central Asia.
The global population is growing and that is changing everything. Exponential demographic expansion is a challenge we are as yet unqualified to deal with, argued ex-German foreign minister Joschka Fischer at the Rhodes summit this year.
Russia's largest state-controlled bank Sberbank has been in talks to buy a blocking stake in Russia’s most valuable digital company Yandex. The state-owned banking giant has been holding negotiations with the founder and main shareholder
bne keeps soldiering on as we believe the transition of emerging European countries into normal democracies with functioning markets is one of the most exciting stories on the planet.
State-controlled gas company PGNiG is building a portfolio of LNG supply deals as Poland works to diversify its gas supplies and reduce dependence on imports from Russia.
Uber Technologies could hold an IPO in 2019. The company has been valued at $120bn by Goldman Sachs and Morgan Stanley, which is the double of current valuation and exceeds the value of General Motors, Ford Motor and Fiat Chrysler Automobiles combine