Monthly Archives: August 2014

Lukoil boosts average daily oil production 4.5% in H1 to 1.9 mln boe (Part 2)

MOSCOW. Aug 29 (Interfax) – Russian oil giant Lukoil (MOEX: LKOH) boosted average daily oil production 4.5% in the first half of 2014 to 1.9 million barrels of oil equivalent (boe) per day, the company said in a report. “Commercial … Continue reading

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Kamaz swings to IFRS net loss of 1.5 bln rubles in H1 (Part 2)

MOSCOW. Aug 29 (Interfax) – Russian truck manufacturer OJSC Kamaz (MOEX: KMAZ) posted net loss to International Financial Reporting Standards (IFRS) of 1.5 billion rubles in the first half of 2014 versus 2.589 billion rubles in profit a year before, … Continue reading

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Kazakh government forecasts 5% GDP growth in 2015

Kazakhstan’s government approved the economic forecast for 2015-2019 at a meeting on Wednesday, the Ministry of National Economy said. According to the forecast, real GDP growth in 2015 is expected to reach 5%, followed by 5.6% in 2016, 6.8% in … Continue reading

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Ukraine’s GDP falls 3.3% in Jan-July 2014, to accelerate to 6% in 2014 – ministry

Ukraine’s GDP fall in January-July 2014 tentatively fell by 3.3% year-over-year and it could accelerate to 6% by the end of the year, First Deputy Economic Development and Trade Ministry of Ukraine Anatoliy Maksiuta said. “We expect that this year … Continue reading

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Inter RAO narrows down 2014 EBITDA expectations to 48-49 bln rubles (Part 3)

MOSCOW. Aug 27 (Interfax) – Russian energy company Inter RAO UES (MOEX: IRAO) is expecting earnings before taxes, depreciation, and amortization (EBITDA) to be 48-49 billion rubles in 2014, the company’s CFO, Dmitry Palunin, said during a conference call with … Continue reading

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Capitalization of Russian stock market decreases 0.11% on Wednesday

MOSCOW. August 27 (Interfax) – The capitalization of the Russian stock market, based on average-weighted prices on the Moscow Exchange’s Main Market, decreases 0.11%, or by 25.290 billion from the previous session, to 23.200 trillion rubles ($642.013 billion at the … Continue reading

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Russia could lose over 100 bln rubles from EU-Ukraine association – Putin

The association agreement signed between the European Union (EU) and Ukraine could cost Russia billions and force it to introduce protective measures, said Russian President Vladimir Putin. “Due to Ukraine adopting zero duties on EU imports (which is to take … Continue reading

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Metalloinvest cuts investment program from $750 mln to $600 mln in 2014

Metalloinvest is considering decreasing its investment program in 2014, one of the participants in a conference call for analysts with Metalloinvest’s financial director, Pavel Mitrofanov, said on Tuesday. “It’s possible that capex this year will be cut by $150 million … Continue reading

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Magnitogorsk Iron & Steel refinances $500 mln in July-Aug

MOSCOW. Aug 25 (Interfax) – Magnitogorsk Iron & Steel Works (MMK) (MOEX: MAGN) has refinanced $500 million of the $1 billion of debt the Russian company was due to pay in the year from July 2014 to July 2015, MMK … Continue reading

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Danone invests 6 mln euro in treatment facilities at Lipetsk dairy plant

MOSCOW. Aug 25 (Interfax) – The Danone group has invested 6 million euro in the water and wastewater treatment facilities at Lipetskiy Molochnyy Kombinat, the company said in a press release. The company’s partner in the project was Enviro-Chemie, which … Continue reading

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