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Business & Entrepreneurship

KAMAZ: Is there life after July 1?

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If new Federal Law #289157-6 On Amendments to Article 24 of the Federal Law on Production and Consumption Waste becomes effective, all rights to administration of guarantee for scrappage instead of fee payment will be abrogated. A necessity to adapt the RF legislation to commitments of Russia’s membership in the World Trade Organization will affect more than 350 domestic companies, including KAMAZ. Experts calculated that the sum of the utilization fee for KAMAZ will be from 10 to 18 billion roubles. These additional expenses were not stated... Read More »

Chinese businessmen get interested in Zelenogorsk isotopes

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From May 23 to 25th, the Shanghai International Convention & Exhibition Center (Shanghai, China) hosted the 10th China International Exhibition on Nuclear Power Industry. The opening ceremony was visited by the President of the China National Nuclear Corporation (CNNC) Zhang Huazhu, the Deputy Director of the National Nuclear Safety Administration (NNSA) Liu Hua, and others. During the exhibition, the delegates from OJSC “PO “Elektrokhimichesky zavod” managed to hold some negotiations with their prospective partners. In particular, negot... Read More »

NORINCO GROUP visited EUROCHIM lab

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The delegation of technical specialists and NORINCO GROUP management came to the Northern Capital of Russia for business negotiations. The meeting was held in EUROCHIM lab of custom organic synthesis. Liquid-phase technology of isoprene synthesis was the main topic on agenda. The specialists of EUROCHIM Company made a detailed presentation of the cutting-edge technology. The proprietary process of EUROCHIM may become a successful solution of NORINCO GROUP manufacturing tasks. ... Read More »

BlauStein becomes member of the International Compliance Association

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ICA is a leading worldwide provider of certified qualifications and training in compliance, anti-money laundering and financial crime prevention. It ensures and promotes the access of its members to best practices in the field through education, dialogue and information exchange. ICA’s goals include, but are not limited to: Increasing the awareness of the members with regards to the benefits of best compliance, anti-money laundering and financial crime prevention practice. Enhance knowledge and experience in the fields of compliance, a... Read More »

New project in the Moscow Region

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The Federal Highway A-103 (Shchelkovskoye Highway) where the new facility is located connects Moscow with the built-up areas in the Balashikha, Noginsk, and Shchelkovo districts. One of the most dangerous places till the intersection with the Small Moscow Ring Road is the railway crossing across the Monino branch railway. High accident rate is a common feature of this place, traffic accidents often occur here and long traffic jams permanently appear. The new overpass will allow drivers to cross the automobile and railway roads at different leve... Read More »

A large-scale environmental project was successfully implemented at Metalloinvest’s business

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The construction of a gas purification unit has been an important component of the Company’s investment strategy. The installment of the new system of purification of steel furnaces gas emissions will enable to reduce the negative effects on the environment while increasing steel output. Eduard Potapov, CEO of Management Company METALLOINVEST, commented: “The installment of modern technologies reducing the burden on the environment is one of Metalloinvest’s ongoing priorities. The launch of a new gas purification unit is another step in this... Read More »

Russian Helicopters and Denel Aviation launch service centre for Russian civilian helicopters in South Africa

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The MRO centre was launched on 26 March 2013 in Johannesburg during the BRICS summit. The ceremony was attended by executives from Russian Helicopters and Denel Aviation, representatives of the South African government, as well as heads of operating companies and potential clients for Russian-built helicopters. “This is an important step in the development of our global after-sales support network for Russian rotary-wing aircraft,” Rostec Deputy CEO Dmitry Shugaev said. “Russian helicopters are very popular in Africa and our other core marke... Read More »

SIBUR wins Best Treasury of the Year at the Russian CFO Awards

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First held in 2012, the aim of the Russian CFO Awards is focus attention on the achievements of Russia’s financial community and to honour the professionalism of the Russian financial sector. The judging panel included resentatives from the Russian Economic School, the Higher School of Economics, the Federal Agency for State Property Management of the Russian Federation, CFO-Russia magazine, as well as other research institutions and companies. The judges were impressed by a number of projects and programmes implemented by SIBUR, including c... Read More »

UC RUSAL President’s Forum features CERN physicist Prof John Ellis speaking on fundamental questions about the universe

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At the Forum hosted by Prof Tony F Chan, President of HKUST, the world-renowned British theoretical physicist and Maxwell Medalist Prof John Ellis shared his insights on the prospects of finding the answers posed in Paul Gauguin’s famous paintings: “What are we? Where do we come from? Where are we going?” Putting Gauguin’s questions in the language of particle physics, Prof Ellis asked, “What is matter made of? Why do things weigh? What is the origin of matter? What is dark matter that fills the Universe? How does the Universe evolve? Why is... Read More »

MTS and VimpelCom express joint interest in acquisition of Tele2 Russia

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In the letter, MTS and VIP indicate that they would be prepared jointly to acquire 100% of Tele 2 Russia for between US$ 4.0 - 4.25 billion, including US$1.15 billion of net debt. This represents a premium of up to 30% for Tele2 AB and its shareholders relative to the equity value of the recently announced offer from VTB Capital. In the letter, both Mr Andrei Dubovskov, President and Chief Executive Officer of MTS, and Mr Jo Lunder, Chief Executive Officer of VimpelCom, wrote, “We would like to express our strong interest in providing an alt... Read More »

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