Monthly Archives: April 2014

VSMPO-Avisma prepared to invest $45 mln in Ukrainian mine

Russian titanium producer VSMPO-Avisma (MOEX: VSMO) plans to invest around $45 million in the modernisation and expansion of the Demurinsky titanium and zirconium mine, of which it is majority owner, in Ukraine’s Dnipropetrovsk region, the region’s administration said following a … Continue reading

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Belarus repays $84.7 mln IMF stand-by tranche

Belarus has made a principal payment totaling $84.7 million on its stand-by facility from the International Monetary Fund (IMF), the Finance Ministry said in a statement. “Belarus fulfilled its commitment on the IMF stand-by facility with a principal payment of … Continue reading

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Capitalization of Russian stock market decreases 0.55% on Wednesday

The capitalization of the Russian stock market, based on average-weighted prices on the Moscow Exchange’s Main Market, decreases 0.55%, or by 127.650 billion from the previous session, to 22.910 trillion rubles ($642.121 billion at the Central Bank’s official exchange rate) … Continue reading

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CB to quote ruble at 35.6785 rubles/$1 and 49.2185 rubles/EUR1 on April 23

The Central Bank of Russia will quote the U.S. dollar at 35.6785 rubles/$1 on April 23, 0.03% up from the previous exchange rate. The Central Bank will quote the euro at 49.2185 rubles/EUR1, 0.16% down from the previous exchange rate, … Continue reading

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Tenex cuts uranium product exports 5.4% in 2013

Techsnabexport (Tenex), Russia’s nuclear materials and services exporter, reduced these exports 5.4% in 2013 to $3.046 billion, from $3.219 billion in 2012, the company said in an annual report. The bulk of last year’s exports consisted of commercial exports, which … Continue reading

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Absolut Bank, KIT Finance complete merger

Absolut Bank has placed 69,705,043 shares at par value of 10 rubles by converting ordinary shares of merged bank KIT Finance (MOEX: CITB), Absolut Bank said in a statement. The termination of KIT Finance’s activity due to its reorganization was … Continue reading

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Capital investment in Belarus down 1.3% in Q1

Fixed capital investment in Belarus fell 1.3% year-on-year in January-March to 41.5 trillion Belarusian rubles in constant prices, the National Statistics Committee (Belstat) said. Investment in the acquisition of machinery, equipment and transport totaled 14.9 trillion rubles (35.9% of the … Continue reading

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Vnesheconombank boosts net interest income 23% to 99 bln rubles in 2013 (Part 2)

Vnesheconombank (VEB) boosted net interest income to International Financial Reporting Standards (IFRS) 23% last year to 98.97 billion rubles, the state development bank said in a report. Reports have said VEB’s net profit more than halved last year, from 17.5 … Continue reading

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Lukoil to invest 30 bln rubles in Kalmykia in next two years

Lukoil (MOEX: LKOH) plans to invest about 30 billion rubles in projects in Kalmykia over the next two years. Lukoil president Vagit Alekperov and Kalmykia leader Alexei Orlov signed a cooperation agreement between the oil company and the republic in … Continue reading

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CB to quote ruble at 35.9287 rubles/$1 and 49.7289 rubles/EUR1 on April 18

The Central Bank of Russia will quote the U.S. dollar at 35.9287 rubles/$1 on April 18, 0.42% down from the previous exchange rate. The Central Bank will quote the euro at 49.7289 rubles/EUR1, 0.31% down from the previous exchange rate, … Continue reading

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