Monthly Archives: May 2014

CTC Media expects sublicensing revenue to fall by half due to Ukrainian crisis

CTC Media is forecasting that its revenues from sublicensing will tumble by half in 2014 compared to last year because of the crisis in Ukraine, which has impacted revenue from the sale of content to Ukrainian partners. “This money [from … Continue reading

Posted in General | Tagged , , , , , , , , , , | Comments Off

Iran discussing $10 bln in electricity projects with Russia (Part 2)

Iran is discussing $10 billion worth of electricity projects with Russia, Russian Energy Minister Alexander Novak told reporters on the sidelines of the St Petersburg International Economic Forum. “We recently discussed, with the Iranian energy minister, a whole package of … Continue reading

Posted in General | Tagged , , , , , , , , , | Comments Off

RusHydro to issue 40 bln rubles in supplementary shares in favor of Rosneftegaz (Part 2)

RusHydro (MOEX: HYDR) issue supplementary shares totaling 40 billion rubles in favor of Rosneftegaz and also sell its quasi-treasury stock, RusHydro Deputy CEO George Rizhinashvili told Interfax. “This is one part of the deal. We will also sell the treasury … Continue reading

Posted in General | Tagged , , , , , , , , , , | Comments Off

” News headlines May 24, 2014 17:49 Iran discussing $10 bln in electricity projects with Russia (Part 2)”

Iran is discussing $10 billion worth of electricity projects with Russia, Russian Energy Minister Alexander Novak told reporters on the sidelines of the St Petersburg International Economic Forum. “We recently discussed, with the Iranian energy minister, a whole package of … Continue reading

Posted in General | Tagged , , , , , , , , , , | Comments Off

Belaruskali shipping potash to China at $305 per tonne, same price as Uralkali

Belarusian Potash Company, a trader of potash producer OJSC Belaruskali, is shipping potash to China for $305 per tonnes, which corresponds to the shipment conditions of Russia’s Uralkali (MOEX: URKA), Belaruskali CEO Valeriy Kiriyenko told journalists. This is part of … Continue reading

Posted in General | Tagged , , , , , , , , | Comments Off

Russia generates 2.3% less electricity in 4M – Rosstat

Russia generated 374 billion kilowatt-hours of electricity in January-April 2014, down 2.3% year-on-year, the Federal State Statistics Service (Rosstat) said. Output fell 5.8% year-on-year to 251 billion kWh at thermal power plants but grew 2.6% to 61.9 billion kWh at … Continue reading

Posted in General | Tagged , , , , , , , , , | Comments Off

Klepach: state financing for civilian ship construction to continue

Russia will not wind down state financing for construction of civilian ships, Deputy Economic Development Minister Andrei Klepach said. “Unfortunately neither we nor the almighty can guarantee it. But in my view, there will be no winding down of financing … Continue reading

Posted in General | Tagged , , , , , , , , | Comments Off

Ukraine ready to pay Russia $2.16 bln for gas – Finance Ministry

Ukraine’s updated state budget for 2014 provides $2.16 billion to pay for imported gas, Finance Ministry Oleksandr Shlapak said at a briefing on Monday. “Our principle position is that if the Russians are ready to maintain the gas price at … Continue reading

Posted in Finance Investment Russia | Tagged , , , , , , , , , , , , | Comments Off

Ukraine, EU sign documents required for paying 1 bln euro to Kyiv

Ukraine and the European Union have signed a memorandum of understanding and a bilateral loan agreement aimed at granting Kyiv a one billion euro macrofinancial aid during a visit by the Ukrainian delegation led by Prime Minister Arseniy Yatsenyuk to … Continue reading

Posted in General | Tagged , , , , , , , , , , | Comments Off

Mostotrest swings to 469 mln rubles RAS profit in Q1 (Part 2)

Mostotrest (MOEX: MSTT) had net profit 468.8 million rubles to Russian Accounting Standards (RAS) in Q1 2014 compared with losses of 1.24 billion rubles in the same period of last year, the transport infrastructure construction firm said in a report. … Continue reading

Posted in General | Tagged , , , , , , , , , , , | Comments Off