News
25.07.2011
Sheremetyevo Airport to spend $46m on innovation development. Moscow international airport Sheremetyevo has approved a complex program of innovation development to run till 2015.The program was drafted using experience of the leading aviation companies in the wo
21.07.2011
Russian Railways to sell TransCreditBank stake for $1bn. Russian Railways will sell its 54.4% interest in TransCreditBank to VTB for about RUB 30bn (approx. USD 1.07bn), Russian Railways President Vladimir Yakunin said.Speaking after signing an agreement to
17.07.2011
Russian Railways has approved raising the 2011 investment program. The investment committee of Russian Railways (RZD) has approved raising the 2011 investment program of the state-owned railroad monopoly to RUB 379bn (approx. USD 13.50bn), the company's President Vla
15.07.2011
President rules to privatize 25% of Sovcomflot. President Dmitry Medvedev has signed a decree to privatize a 25% minus one share stake in shipping company Sovcomflot, the presidential press service announced
30.06.2011
Russian Central Bank Holds Refinancing Rate at 8.25% . The Central Bank of Russia held the benchmark refinancing rate unchanged at 8.25%, the fixed overnight deposit rate at 3.50%, and the overnight auction-based repurchase rate at 5.50%, while also leavi
30.06.2011
Russian state owned fund participates in Shazam round of financing. Russian state owned fund of funds Russian Venture Company (RVC) has participated indirectly in a $32 million round of financing for London based Shazam Entertainment, the developer of a popular applic
17.06.2011
VTB Capital Asset Management announced last week it has invested in COMDI. Moscow – VTB Capital Asset Management announced last week it has invested in COMDI, a leading player on the Russian video conferencing market. Founded in 2009, COMDI specializes in web conferences as
14.06.2011
Russia to host congress of European business angels in 2012. The European Business Angels Association (EBAN) announced last week that its 2012 congress would be held in Russia, reports Allventure.ru, a website published by the Russian Private Equity and Ventur
12.06.2011
Leading online shoe retailer raises $12 million from Intel Capital and other leading Western investors. Russia’s leading online shoe retailer Sapato.ru announced today that it has raised $12 million in a third round of financing. Intel Capital, Intel’s global investment fund, led the investment round a
10.06.2011
Yandex invests in personal finance startup. Yandex announced earlier this week it will finance St. Petersburg-based Zenmoney.ru, a personal accounting and budget planning service.
The investment of an undisclosed amount will be made un08.06.2011
AXA Private Equity acquires $1.7bn Citigroup PE portfolio. French firm AXA Private Equity has acquired a $1.7bn sheaf of private equity assets from US investment bank Citigroup in one of the largest secondary transactions of all time. Driven by US regulato
07.06.2011
HarbourVest bids $752m for Absolute Private Equit. Private equity firm HarbourVest Partners, and closed-ended investment firm HarbourVest Global Private Equity, have submitted a $752m bid for Swiss fund of funds investor Absolute Private Equity, throu
07.06.2011
Intel Capital leads $13m investment humanoid robotics developer Aldebaran. The venture capital unit of US semiconductor giant Intel Capital has led a $13m investment into French humanoid robotics developer Aldeberan Robotics. Aldebaran Robotics currently manufactures and
03.06.2011
Deutsche Bahn and RZD consider Russian JV. DB Schenker Rail and the RZD subsidiary TransContainer have reaffirmed their intention to investigate the feasibility of setting up a joint venture to provide logistics services in Russia, with a focus on the automotive sector
02.06.2011
Russian Railways ups 2011 net profit forecast. Russian Railways has revised upward its RAS net profit forecast for 2011 to RUB 10bn (approx
01.06.2011
Russian Railways Construction Projects in Support of the 2014 Olympics in Sochi are Progressing at Full Steam. A multi-level passenger terminal is being constructed at the North Caucasus Adler railway station to make sure appropriate transportation infrastructure is in place to facilitate the 2014 Winter Olympic Games in Sochi
30.05.2011
New ferry line’s ship calls at Ust-Luga port. The first ship of the Kiel - Sassnitz - Ust-Luga weekly ferry service, the Kaunas, has arrived at the port of Ust-Luga (Leningrad region), the Ust-Luga Company told PortNews
27.05.2011
London-based fund invests $2.5 million in Russian LinkedIn. Professionali.ru, the second largest Russian professional social network after Yandex’s MoiKrug, announced it has raised $2.5 million from Open Capital, a London-based venture capital fund investing i
24.05.2011
Russian Railways and Austrian Railways sign cooperation agreement. Russian Railways and Austrian Railways (ÖBB) have signed a cooperation agreement on three core activities at the railway companies
20.05.2011
Kremlin seeks 30 managers for $10bn fund. The Russian government is looking to hire up to 30 investment professionals to manage its upcoming $10bn private equity fund. According to Bloomberg, hiring of between 25 and 30 managers for the fu
19.05.2011
Kremlin Private-Equity Fund Said to Seek 30 Managers to Handle $10 Billion. The Russian private equity unit being set up by President Dmitry Medvedev is seeking to hire 25 to 30 investment managers, according to a person with direct knowledge of the plan. The fund, which w
17.05.2011
Globaltrans plans private locomotives. Private freight operator Globaltrans is poised to take advantage of a partial liberalisation of the traction market which the government is expected to announce later this year, CEO Sergey Maltsev sai
05.05.2011
Russian Railways carried 281 million passengers in January-April 2011. In January-April 2011, the Company carried 281 million passengers, up 0.8% on the same period in 2010.In April 2011, Russian Railways recorded 8.9 billion passenger-km, 0.8% more than during the same
18.04.2011
Sberbank, Credit Suisse Plan $1 Billion Private-Equity Fund. April 18 (Bloomberg) -- OAO Sberbank and Credit Suisse Group AG plan to create a $1 billion private-equity fund for investments in Russia, according to the chief executive officer of Sberbank, the cou
12.04.2011
Russian Railways ships 294.6 million tons in January-March 2011, 5.5% more than in the same period last year. Russian Railways shipped 294
07.04.2011
Russia sees potential in high-speed railway road project between Riga and Moscow. Russia sees potential in the high-speed railroad project between Riga and Moscow, Russian Transport Minister Igor Levitin, who is on an official visit to Latvia
01.04.2011
Russian Railways has developed a programme for the innovative development of the Company to 2015. Russian Railways has developed a programme for the innovative development of the Company to 2015, said the President of Russian Railways Vladimir Yakunin at the forum for innovative technologies InfoSpace, which began on 30 March 2011 in Moscow
09.03.2011
In 2010 Russian ports beef up its capacities by 5.3% compared to the same period in 2009. In 2010 the capacity of Russian port facilities was increased by 5
24.02.2011
EBITDA of The Russian Railways group of companies up 1.9 times in the first half of 2010. The Russian Railways group of companies increased net profit under International Financial Reporting Standards (IFRS) to 110
14.02.2011
Russian seaports in January 2011 increased by 2.7% from the same period of 2010, to 41,41 million tons. Trade flows passing through the Russian seaports in January 2011 increased by 2
11.02.2011
Russian Railways to invest $348m in modernization of railroad infrastructure on the Sakhalin island in 2011. National rail operator Russian Railways has announced plans to invest $348m in modernization of railroad infrastructure on the Sakhalin island in 2011, up 15% on 2010 investment
10.02.2011
Ust-Luga port’s development project to be completed in 2012. A pool of investors of the port of Ust-Luga (Leningrad region) will be formed in 2011-12, Ust-Luga Co CEO Maxim Shirokov said in an interview
08.02.2011
In January 2011, shipping volumes on Russian Railways’ network reached 97 million tons. In January 2011, shipping volumes on Russian Railways’ network reached 97 million tons, up on the same month in 2010 by 10
12.01.2011
Investment programme of Russian Railways in 2011 nearly 350 billion roubles, аn increase of 11% compared to 2010. The investment budget of Russian Railways in 2011 is almost 350 billion roubles, an increase of 11% compared to 2010
31.12.2010
RWM Investment Group wishes its partners, colleagues and friends a Happy New Year 2011! RWM Investment Group wishes its partners and friends a Happy New Year 2011
29.12.2010
RZD could buy about 200 ТМХ-Alstom new 2ES trains of a cost of 40 bln rubles. RZD could buy about 200 ТМХ-Alstom 2ES new trains of alternating current with asynchronous traction motor 2ES, which “Trancemashholding” and French concern Alstom is developing at the moment, it was said in RZD
24.12.2010
RZD Chairman Alexander Zhukov says Company successfully coped with the tasks in 2010. On December 22, 2010 Russian Railways held an expanded board meeting on its activities in 2010
23.12.2010
Russian Railways foresees sharp drop in 2011 net profit. Russian Railways expects its net profit to shrink 14
06.12.2010
Alstom and Transmash Holding have launched a project to develop a new-generation 160 km/h EMU. Alstom Transport and Transmash Holding have launched a project
01.12.2010
Vnesheconombank is ready to finance RZD’s projects of station modernization. Vnesheconombank is ready to finance RZD’s projects of station modernization within signed memo on partnership with JSC “Russian Railways”
26.11.2010
VTB Capital has acquired 8.75-percent of ordinary shares of TransContainer . VTB Capital has acquired 8.75-percent of ordinary shares of TransContainer
19.11.2010
Russian Railways signs deal with Siemens AG to set up engineering centre to produce multiple units. Russian Railways signed an agreement with Siemens AG on 18 November, in the presence of Russian Prime Minister Vladimir Putin, on setting up an engineering centre to produce multiple units
18.11.2010
A deficit of Russian Railways investing program could be financed at the expense of selling Transcontainer. A deficit of Russian Railways investing program in year 2012 could be financed at the expense of selling “Transcontainer” control deputy Transport Minister Andrey Nedosekov announced yesterday
16.11.2010
RWM Capital showed the greatest managed asset growth for the quarter. RWM Capital (36% to 38 billion rubles) and TKB BNP Paribas Investment Partners (18% to 95.1 billion rubles) showed the greatest managed asset growth for the quarter. The main reason for this growth was an increase in assets of international funds due to an inflow of funds from clients. In summer, TKB BNP Paribas Investment Partners received five funds worth €300 million from BNP Paribas Investment Partners (it owns 50% of the Russian company) aimed at investments in Russia. According to information of Expert RA, foreign clients provided 29% of the total increase in the value of assets managed by large Russian management companies in the third quarter.
12.11.2010
Total throughput of Russian seaports in ten recent months of 2010 is up 6.8% . Freight volume handled by Russian seaports in ten recent months of 2010 increased by 6.8% compared with the same period last year to 440,4 million tons, the Association of Sea Commercial Ports (ASOP) said.
03.11.2010
Transshipment of cars through Ust-Luga increased 3.2 times to 48,110 in the 10 months of 2010 . Transshipment of cars through theYug-2 multipurpose transshipping facility at the Port of Ust-Luga increased 3.2 times to 48,110 units in January-October 2010, compared with the same period last year. The port plans to commission the third phase of the facility by the end of the year.
04.10.2010
Cargo turnover at Russian Railways is up 9.6% in January-September, to 895.1m tons. In January-September the volume of freight loaded on the Russian Railways (RZD OJSC) rose 9
30.09.2010
Vitaly Rudinov: "RZD Trading House approaches its 15th anniversary with impressive results". RZD Trading House approaches its 15th anniversary with impressive results Vitaly Rudinov, the General Director of OAO RZD Trading House, talks about the company’s results and prospects for future growth.
29.09.2010
RZD registered Freight Two on September 24, 2010, Vitaly Evdokimenko told journalists today in Bratislava. RZD registered Freight Two OJSC on September 24, 2010, Vitaly Evdokimenko, Advisor to RZD’s President, told journalists today in Bratislava
10.09.2010
Russian Railways: Steel product shipments total 47.8 million mt in January-August. According to preliminary data issued by Russian Railways (RZhD), in the first eight months of 2010 steel product shipments on Russia's railways amounted to 47