Russia & CIS Business and Financial Newswire back issues from October 2008:
Ferrexpo's Poltava Mining ups pellet production 3.2% in 9 mths.
Oct 01, 2008 ... Ferrexpo's Poltava Mining ups pellet production 3.2% in 9 mths KYIV. Oct 1 (Interfax) - Ferrexpo Plc's Poltava Mining (PGOK) from Ukraine raised iron ore pellet production 3.2% year-on-year in January- September to 7.102 million tonnes, the company told Interfax. Iron ...
RUSSIAN CENTRAL BANK WILL PARTLY COMPENSATE SBERBANK, VTB, GAZPROMBANK FOR LOSSES INCURRED ON INTERBANK MARKET UNTIL END OF 2009 - CENTRAL BANK DEPUTY CHAIRMAN ULYUKAYEV.
Oct 01, 2008 ... RUSSIAN CENTRAL BANK WILL PARTLY COMPENSATE SBERBANK, VTB, GAZPROMBANK FOR LOSSES ...
UMH buys production studio in Russia, plans new TV channel.
Oct 01, 2008 ... UMH buys production studio in Russia, plans new TV channel KIEV. Oct 1 (Interfax) - United Media Holding (UMH) of the Netherlands, the holding company of Kiev's UMH, closed a deal to buy a 51% stake in Baluka, which owns four niche television channels in Ukraine and a TV ...
Medvedev, Merkel will discuss political support for Nord Stream project.
Oct 01, 2008 ... Medvedev, Merkel will discuss political support for Nord Stream project MOSCOW. Oct 1 (Interfax) - Russian President Dmitry Medvedev and German Chancellor Angela Merkel will compare approaches to the Nord Stream project. A Kremlin source has told Interfax that ...
Moscow River could arrange $150-mln CLN placement for Uralsvyazinform.
Oct 01, 2008 ... Moscow River could arrange $150-mln CLN placement for Uralsvyazinform YEKATERINBURG. Oct 1 (Interfax) - An open auction called by Uralsvyazinform (RTS: URSI), the incumbent fixed-line provider in Russia's Urals Federal District, to select the organizer of a $150-million loan ...
RUSSIAN CENTRAL BANK TO BE ENTITLED TO MAKE UNSECURED LOANS FOR UP TO SIX MONTHS - CENTRAL BANK DEPUTY CHAIRMAN ULYUKAYEV.
Oct 01, 2008 ... RUSSIAN CENTRAL BANK TO BE ENTITLED TO MAKE UNSECURED LOANS ...
Lukoil to close purchase of Italian refinery in Nov - Alekperov.
Oct 01, 2008 ... Lukoil to close purchase of Italian refinery in Nov - Alekperov MOSCOW. Oct 1 (Interfax) - Lukoil (RTS: LKOH) will complete purchase of the ERG S.p.A. refinery in Italy when it makes a final payment under the deal in November, Lukoil President Vagit Alekperov told President ...
Individual bank deposits in Russia up 1.4% in Aug - Rosstat.
Oct 01, 2008 ... Individual bank deposits in Russia up 1.4% in Aug - Rosstat MOSCOW. Oct 1 (Interfax) - Deposits by individuals in the ruble and currency accounts of Russian banks were up 1.4% to 5.85 trillion rubles on August 1, 2008 from 5.771 trillion rubles a month earlier, the Federal State ...
Kyiv court rules to liquidate UkrGas-Energo.
Oct 01, 2008 ... Kyiv court rules to liquidate UkrGas-Energo KYIV. Oct 1 (Interfax-Ukraine) - The Kyiv Arbitration Court on Wednesday ruled to liquidate the company UkrGas-Energo, the Justice Ministry reported citing First Deputy Minister Yevhen Kornyichuk. The court also ruled that ...
Customs Service provides 3.5 trln rubles to budget in 9 mths.
Oct 01, 2008 ... Customs Service provides 3.5 trln rubles to budget in 9 mths MOSCOW. Oct 1 (Interfax) - The Federal Customs Service (FCS) provided 3.530 trillion rubles to the federal budget in the first nine months ...
Econ Ministry stands by 11.8% Russian inflation forecast.
Oct 01, 2008 ... Econ Ministry stands by 11.8% Russian inflation forecast MOSCOW. Oct 1 (Interfax) - The Russian Economic Development and Trade Ministry has decided to leave its 2008 inflation forecast of 11.8% unchanged for now, even though consumer price growth has almost ...
MMK says buyback possible.
Oct 01, 2008 ... MMK says buyback possible MOSCOW. Oct 1 (Interfax) - Magnitogorsk Iron & Steel Works (MMK) (RTS: MAGN) could buy back shares on the market via one of its subsidiaries. "MMK is not ruling out the possibility of its own shares being bought back via one of its ...
Daily Headline News for September 30, 2008.
Oct 01, 2008 ... Daily Headline News for September 30, 2008 Digest of headline news as of 11:20 a.m. Moscow time on October 1. BUSINESS & FINANCE *** CENTRAL BANK TO PARTLY COMPENSATE SBERBANK, VTB, GAZPROMBANK FOR LOSSES ON INTERBANK MARKET The Russian Central ...
Cabinet approves concept of Russia's social and economic development.
Oct 01, 2008 ... Cabinet approves concept of Russia's social and economic development MOSCOW. Oct 1 (Interfax) - The Russian Cabinet at its Wednesday session approved the strategy of Russia's long-term social and economic development until the year 2020, ...
Results for trading of listed shares in RTS (prefunded) at 11:00 MSK.
Oct 01, 2008 ... Results for trading of listed shares in RTS (prefunded) at 11:00 MSK 01.10.2008 Company Best Best Last, Cur.vol., Cur.vol., bid,rub ask,rub rub rub shares Sistema Joint Stock 16 25 - - - Aeroflot - - - - - Akron - - - - - Pharmacy Chain 36.6 - 380 - - - ...
Russian Railways hopes to receive liquefied gas transporter SG-Trans.
Oct 01, 2008 ... Russian Railways hopes to receive liquefied gas transporter SG-Trans MOSCOW. Oct 1 (Interfax) - Russian Railways (RZD) (RTS: RZHD) is interested in the assets of state-run SG-Trans, the monopoly transporter of liquefied gas. "We voiced our interest in SG-Trans a long ...
ALL ORGANZIAITONS WILL SWITCH TO NEW PRINCIPLES GOVENRING INSURTANCE PREMIUMS PAYMENT - PUTIN.
Oct 01, 2008 ... ALL ORGANZIAITONS WILL SWITCH TO NEW ...
Crisis highlights need for exchange consolidation - regulator.
Oct 01, 2008 ... Crisis highlights need for exchange consolidation - regulator MOSCOW. Oct 1 (Interfax) - The need to consolidate exchange infrastructure increases in conditions of crisis, Vladimir Milovidov, head of the Federal Financial Markets Service (FFMS), said at a capital markets ...
Basic pension in Russia will be boosted 37% in 2009 - Putin.
Oct 01, 2008 ... Basic pension in Russia will be boosted 37% in 2009 - Putin MOSCOW. Oct 1 (Interfax) - The basic part of the seniority pension in Russia will be raised 37.1% in 2009 and the insured part 15.6%, Prime Minister Vladimir Putin has said. "In 2009 the basic part of the ...
Russia had 0.3% inflation for Sept 23-29, 0.8% in month - Rosstat.
Oct 01, 2008 ... Russia had 0.3% inflation for Sept 23-29, 0.8% in month - Rosstat MOSCOW. Oct 1 (Interfax) - Russia had 0.3% inflation for the week September 23-29 and 0.8% in the first 29 days of the month, the Federal State Statistics Service (Rosstat) said. Year-to-date inflation ...
Results for trading of listed shares in RTS (classic) at 15:00 MSK.
Oct 01, 2008 ... Results for trading of listed shares in RTS (classic) at 15:00 MSK 01.10.2008 Company Min Max Average Account price,$ price,$ price,$ Sistema Joint Stock - - - - Aeroflot - - - - Akron 40 40 40.0 1 Pharmacy Chain 36.6 - - - - ARMADA - - - - Belon - - - - ...
Official exchange rates for CIS and Baltic nations as of 01.10.2008.
Oct 01, 2008 ... Official exchange rates for CIS and Baltic nations as of 01.10.2008 Country Currency Date For $1 For 1 ruble For 1 EUR Azerbaijan manat 01.94 0.8069 0.0323 1.18 Armenia dram 11.93 301.92 11.8 426.78 Georgia lari 09.95 1.406 0.0554 2.0201 Belarus bel.ruble 07.93 2111 83.20 ...
Russian foreign debt grows 10.4% to $527 bln in Q2 - Central Bank.
Oct 01, 2008 ... Russian foreign debt grows 10.4% to $527 bln in Q2 - Central Bank MOSCOW. Oct 1 (Interfax) - Russia's foreign debt grew 10.4% to $527.1 billion in the second quarter of 2008 from $477.4 billion, the Central Bank said on its website. The general government debt fell 6% ...
CABINET WILL PROPOSE MECHANISMS TO PREVENT GROWTH OF OVERALL TAX BURDEN ON BUSINESS - PUTIN.
Oct 01, 2008 ... CABINET WILL PROPOSE MECHANISMS TO PREVENT GROWTH OF ...
MinFin cancels liquidity auction among banks (Part 2).
Oct 01, 2008 ... MinFin cancels liquidity auction among banks (Part 2) MOSCOW. Oct 1 (Interfax) - The Russian Finance Ministry canceled Wednesday's auction among banks for the right to hold budgeted funds on deposits due to lack of interest, the ministry said. The ministry would have ...
Average labor pension to nearly double in 2010 - Putin.
Oct 01, 2008 ... Average labor pension to nearly double in 2010 - Putin MOSCOW. Oct 1 (Interfax) - The average labor pension will nearly double in 2010 and reach a size equivalent to the pensioner's three subsistence minimums by 2020, Prime Minister Vladimir Putin said. "In subsequent ...
Polymetal to focus on organic growth for now.
Oct 01, 2008 ... Polymetal to focus on organic growth for now MOSCOW. Oct 1 (Interfax) - Polymetal (RTS: PMTL), Russia's biggest silver producer and a major gold producer, will focus on existing projects and is not negotiating new acquisitions, Vital Nesis, the company's chief executive, told ...
U.S. SHOWS IRRESPONSIBILITY, INABILITY TO MAKE ADEQUATE DECISIONS IN CONDITIONS OF FINANCIAL CRISIS - PUTIN.
Oct 01, 2008 ... U.S. SHOWS IRRESPONSIBILITY, INABILITY TO MAKE ...
Russian gas hits $500 in Europe - Gazprom chief (Part 2).
Oct 01, 2008 ... Russian gas hits $500 in Europe - Gazprom chief (Part 2) MOSCOW. Oct 1 (Interfax) - Russian gas is already selling for more than $500 per thousand cubic meters in Europe, Alexei Miller, chief executive of Russian gas giant Gazprom (RTS: GAZP), told reporters. "This ...
Russian financial markets crisis has peaked, liquidity problems could last 15 mths - CB.
Oct 01, 2008 ... Russian financial markets crisis has peaked, liquidity problems could last 15 mths - CB MOSCOW. Oct 1 (Interfax) - The extreme manifestations of crisis in the Russian financial markets have been localized but liquidity problems could persist for another 15 months, Central Bank ...
Results for trading of listed shares in RTS (classic) at 14:00 MSK.
Oct 01, 2008 ... Results for trading of listed shares in RTS (classic) at 14:00 MSK 01.10.2008 Company Min Max Average Account price,$ price,$ price,$ Sistema Joint Stock - - - - Aeroflot - - - - Akron 40 40 40.0 1 Pharmacy Chain 36.6 - - - - ARMADA - - - - Belon - - - - ...
Sberbank could raise $1.2 bln loan this week - sources (Part 2).
Oct 01, 2008 ... Sberbank could raise $1.2 bln loan this week - sources (Part 2) MOSCOW. Oct 1 (Interfax) - Sberbank (RTS: SBER) will close a deal to raise a three-year syndicated loan of $1.2 billion this week, sources in banking circles told Interfax. One of the sources said the ...
Russia's IBS Group boosts FY US GAAP earnings 42.3%.(Financial report)
Oct 01, 2008 ... Russia's IBS Group boosts FY US GAAP earnings 42.3% MOSCOW. Oct 1 (Interfax) - IBS Group Holding Limited, one of Russia's leading technology groups, boosted net profit to US GAAP 42.3% in the year ended March 31 to $33.5 million, the company said. Sakes ...
Additional 80 Bln rubles to be made available to buy new military hardware, armaments - Putin.
Oct 01, 2008 ... Additional 80 Bln rubles to be made available to buy new military hardware, armaments - Putin MOSCOW. Oct 1 (Interfax) - The government will provide an additional 80 billion rubles to buy new military hardware and armaments, ...
Synergy ups net profit 49% in H1 (Part 2).
Oct 01, 2008 ... Synergy ups net profit 49% in H1 (Part 2) MOSCOW. Oct 1 (Interfax) - Synergy, one of Russia's largest vodka makers, boosted net profit in the first half by 49% to 567 million rubles under International Financial Reporting Standards (IFRS), the company said in materials. ...
CABINET DECIDED TO SWITCH FROM SINGLE SOCIAL TAX TO 26% MANDATORY PENSIONING INSURANCE - PUTIN.
Oct 01, 2008 ... CABINET DECIDED TO SWITCH FROM SINGLE SOCIAL TAX TO ...
Kudrin hopes state won't have to buy shares on market (Part 2).
Oct 01, 2008 ... Kudrin hopes state won't have to buy shares on market (Part 2) MOSCOW. Oct 1 (Interfax) - The Russian government will carefully consider the use of other instruments to support the financial market before resorting to the purchase of shares on the stock exchange, Deputy Prime ...
Kazakh has 18.2% inflation in Sept at annual rate.
Oct 01, 2008 ... Kazakh has 18.2% inflation in Sept at annual rate ALMATY. Oct 1 (Interfax) - Inflation in Kazakhstan amounted to 18.2% in September at an annualized rate (September 2007-September 2008), the State Statistics Agency said. Price increases amounted to 23.7% for food, ...
Professional participants could get liquidity injections - CB.
Oct 01, 2008 ... Professional participants could get liquidity injections - CB MOSCOW. Oct 1 (Interfax) - The Central Bank of Russia thinks some professional stock market participants could qualify for liquidity injections but only if they obtain banking licenses. "We and the Federal ...
Ukrainian agriholding Astarta to invest $40-$50 mln in construction of elevators.
Oct 01, 2008 ... Ukrainian agriholding Astarta to invest $40-$50 mln in construction of elevators KYIV. Oct 1 (Interfax) - Ukrainian agriholding Astarta is planning to invest $40 million-$50 million over the next three years to build elevators with simultaneous grain storage capacity of ...
Proposed Russian-Ukrainian gas contract does not provide for gas price - source.
Oct 01, 2008 ... Proposed Russian-Ukrainian gas contract does not provide for gas price - source KYIV. Oct 1 (Interfax) - A Russian-Ukrainian gas agreement, which is expected to be signed within the framework of Ukrainian Prime Minister Yulia Tymoshenko's visit to Moscow, includes only the ...
Russian CB not to adjust bi-currency limits soon.
Oct 01, 2008 ... Russian CB not to adjust bi-currency limits soon MOSCOW. Oct 1 (Interfax) - The Central Bank of Russia does not intend to adjust its bi-currency basket limits ...
Founder of Russian retailer Magnit sells 0.14% stake in company for $3.8 mln.
Oct 01, 2008 ... Founder of Russian retailer Magnit sells 0.14% stake in company for $3.8 mln MOSCOW. Oct 1 (Interfax) - Sergei Galitsky, the founder of Russian retailer Magnit, has sold 116,000 shares in the company, Magnit said in a statement. The stake sold by Galitsky amounts to ...
CORRECTED: Red October boosts steel production 10% in 8 mths.
Oct 01, 2008 ... CORRECTED: Red October boosts steel production 10% in 8 mths (Period changed to January-August from January-September in headline and text) VOLGOGRAD. Oct 1 (Interfax) - The Kransy Oktyabr or Red October metallurgical plant in Volgograd produced 518,983 tonnes of ...
Russian Railways: 9.6 bln rubles to Oil for China project in 2009.
Oct 01, 2008 ... Russian Railways: 9.6 bln rubles to Oil for China project in 2009 CHITA. Oct 1 (Interfax) - Russian Railways (RZD) (RTS: RZHD) plans to invest 9.575 billion rubles in 2009 to implement the Oil for China project, Trans-Baikal Railways, and RZD subsidiary, said. RZD ...
Russia's federal budget surplus rises to 2.119 trillion rubles in 7 mths.
Oct 01, 2008 ... Russia's federal budget surplus rises to 2.119 trillion rubles in 7 mths MOSCOW. Oct 1 (Interfax) - Russia's federal budget surplus rose to 2.1189 trillion rubles in the first seven months ...
Russia's Welfare Fund at $48.7 bln, Reserve Fund - $141 bln.
Oct 01, 2008 ... Russia's Welfare Fund at $48.7 bln, Reserve Fund - $141 bln MOSCOW. Oct 1 (Interfax) - Russia's National Welfare Fund contained 1.229 trillion rubles or $48.68 billion rubles as of ...
BP Russia chief informs Russian ministry about resolution to TNK-BP shareholder dispute.
Oct 01, 2008 ... BP Russia chief informs Russian ministry about resolution to TNK-BP shareholder dispute MOSCOW. Oct 1 (Interfax) - Russian Deputy Natural Resources and Ecology Minister Sergei Donskoi met with BP Russia President Richard Spies on Wednesday, the ministry's press service told ...
Russian govt decides to switch from unified social tax to premiums on pension insurance - Putin.
Oct 01, 2008 ... Russian govt decides to switch from unified social tax to premiums on pension insurance - Putin MOSCOW. Oct 1 (Interfax) - The Russian government has made a decision to switch from the unified social tax to insurance premiums on mandatory pension insurance at a ...
Armenia's GDP up 10.3% in Jan-Aug.
Oct 01, 2008 ... Armenia's GDP up 10.3% in Jan-Aug YEREVAN. Oct 1 (Interfax) - Armenia's GDP in January-August 2008 increased 10.3% year-on-year to 2.165 trillion dram (302.12 dram/$1 on October 1, 2008), or $7.1 billion, the National Statistics Service said in a report. Industrial ...
Central Bank to partly compensate Sberbank, VTB, Gazprombank for losses on interbank market.
Oct 01, 2008 ... Central Bank to partly compensate Sberbank, VTB, Gazprombank for losses on interbank market MOSCOW. Oct 1 (Interfax) - The Russian Central Bank will partly compensate Sberbank (RTS: SBER), VTB (RTS: VTBR), and Gazprombank for losses they might incur by making loans on the ...
Financial market support measures could add 1-2 pp to inflation - Central Bank (Part 2).
Oct 01, 2008 ... Financial market support measures could add 1-2 pp to inflation - Central Bank (Part 2) MOSCOW. Oct 1 (Interfax) - The measures being taken by the Russian authorities to support the financial market could add 1-2 percentage points to inflation, Central Bank First Deputy Chairman ...
Customs Service provides 3.5 trln rubles to budget in 9 mths (Part 2).
Oct 01, 2008 ... Customs Service provides 3.5 trln rubles to budget in 9 mths (Part 2) MOSCOW. Oct 1 (Interfax) - The Federal Customs Service (FCS) provided 3.530 trillion rubles to the federal budget in the first nine months of the year. The FCS provided 466.8 billion rubles to the ...
TGK-10 calls off shareholders meeting slated for Nov 5.
Oct 01, 2008 ... TGK-10 calls off shareholders meeting slated for Nov 5 CHELYABINSK. Oct 1 (Interfax) - OJSC TGK-10's board of directors decided at a meeting held this last Tuesday to call off an extraordinary shareholders meeting slated for November 5, 2008, the genco said in its materials. ...
VEB to partly refinance Russian banks', companies' debts to foreign entities until end of 2009.
Oct 01, 2008 ... VEB to partly refinance Russian banks', companies' debts to foreign entities until end of 2009 MOSCOW. Oct 1 (Interfax) - Russia's Bank for Development and Foreign Economic Affairs (Vnesheconombank, or VEB) will be entitled to refinance Russian companies' and banks' debts to ...
Russia's Transaero in talks with Airbus on purchase of 5-6 A350 or A380.
Oct 01, 2008 ... Russia's Transaero in talks with Airbus on purchase of 5-6 A350 or A380 MOSCOW. Oct 1 (Interfax) - Russian airline Transaero is holding negotiations with Airbus on the acquisition of A350 or A380 aircraft. "We are currently waiting for preferential offers from Airbus ...
Big Three banks get money market limit of 60 bln rubles - Ulyukayev.
Oct 01, 2008 ... Big Three banks get money market limit of 60 bln rubles - Ulyukayev MOSCOW. Oct 1 (Interfax) - Russia's three biggest banks, the state- owned VTB (RTS: VTBR), Sberbank (RTS: SBER) and Gazprombank, have received a limit of approximately 60 billion rubles to support the inter-bank ...
Armenia posts 0.5% inflation in Sept, 4.2% since start of 2008.
Oct 01, 2008 ... Armenia posts 0.5% inflation in Sept, 4.2% since start of 2008 YEREVAN. Oct 1 (Interfax) - Armenia had inflation of 0.5% in September and 4.2% in the first nine months of 2008, the National Statistics Service reported. In September, prices on food (including alcohol ...
Central Bank may ease requirements on loan collateral.
Oct 01, 2008 ... Central Bank may ease requirements on loan collateral MOSCOW. Oct 1 (Interfax) - The Central Bank of Russia could lower by one step the required rating for assets that commercial banks use to secure ...
Daily Headline News for October 1, 2008.
Oct 01, 2008 ... Daily Headline News for October 1, 2008 Digest of headline news as of 16:02 p.m. Moscow time on October 1. BUSINESS & FINANCE *** CENTRAL BANK TO PARTLY COMPENSATE SBERBANK, VTB, GAZPROMBANK FOR LOSSES ON INTERBANK MARKET The Russian Central ...
Russian Central Bank to offer unsecured loans for up to 6 months.
Oct 01, 2008 ... Russian Central Bank to offer unsecured loans for up to 6 months MOSCOW. Oct 1 (Interfax) - The Russian Central Bank will be entitled to offer unsecured loans for up to six months after relevant amendments to the law On the Bank of Russia have been made, Central Bank First ...
Polyus Gold to review projects, budget due to global crisis (Part 2).
Oct 01, 2008 ... Polyus Gold to review projects, budget due to global crisis (Part 2) MOSCOW. Oct 1 (Interfax) - Polyus Gold (RTS: PLZL) is reviewing its projects and budget in connection with the financial crisis. "In the situation that has emerged, we are starting to review our ...
Results for trading of listed shares in RTS (prefunded) at 15:00 MSK.
Oct 01, 2008 ... Results for trading of listed shares in RTS (prefunded) at 15:00 MSK 01.10.2008 Company Min Max Average Account price,rub price,rub price,rub Sistema Joint Stock - - - - Aeroflot - - - - Akron - - - - Pharmacy Chain 36.6 - - - - ARMADA - - - - Belon - - - ...
CB could adjust 2008 capital inflow forecast.
Oct 01, 2008 ... CB could adjust 2008 capital inflow forecast MOSCOW. Oct 1 (Interfax) - The Central Bank of Russia could adjust its net capital inflow forecast for 2008. "We're looking at this and we'll probably introduce our draft monetary-credit policy to ...
Banks have 702.4 bln rbs on CBR correspondent accounts on October 1.
Oct 01, 2008 ... Banks have 702.4 bln rbs on CBR correspondent accounts on October 1 MOSCOW. October 1 (Interfax) - Russian banks have 702.4 billion rubles on correspondent accounts in the Central Bank as of October 1 including 489.8 billion rubles for Moscow banks. The ...