Monthly Archives: September 2014

Russian banks can rely on help from Chinese banks – China’s ambassador to Russia

MOSCOW. Sept 30 (Interfax) – Chinese banks intend to deepen cooperation with Russian banks by providing them with support, China’s Ambassador to Russia Li Hui told Interfax. Asked about China’s readiness to provide Russian banks with large loans that are … Continue reading

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North Korean foreign minister expected to begin Russia visit

MOSCOW. Sept 30 (Interfax) – North Korean Foreign Minister Ri Su Yong is expected to arrive in Russia on Tuesday for a visit, which will last for several days. Speaking to Interfax, a source in the North Korean Embassy in … Continue reading

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FMS: Russia takes in approx. 1 million refugees from Ukraine (Part 3)

ROSTOV-ON-DON. Sept 29 (Interfax) – Russia has taken in about one million refugees from south-eastern Ukraine, according to head of the Federal Migration Service’s department in the Rostov region Viktor Solodovnikov. “Approximately one million displaced persons are currently staying in … Continue reading

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Econ Ministry forecasting grain harvest at 100-102 mln tonnes, exports – 32 mln tonnes in 2014

MOSCOW. Sept 26 (Interfax) – The Russian Economic Development Ministry is forecasting that Russia’s 2014 grain harvest will be 100 million-102 million tonnes in net weight and exports will be 32 million tonnes, a forecast for Russian socioeconomic development in … Continue reading

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RZD 30-bln ruble subsidy not to be increased in 2015 thanks to 10% tariff indexation – Ulyukayev (Part 2)

MOSCOW. Sept 26 (Interfax) – Russian Railways’ (MOEX: RZHD) (RZD) 30-billion ruble subsidy will not be increased in 2015 thanks to a 10% tariff indexation, Russian Economic Development Minister Alexei Ulyukayev told journalists. “This [10% tariff indexation instead of 7.5%] … Continue reading

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Rosatom to receive 50 bln rubles in subsidies for Akkuyu NPP in 2015

MOSCOW. Sept 25 (Interfax) – Russian State Nuclear Energy Company Rosatom will receive 50.1 billion rubles in state subsidies in 2015 for the construction of the Akkuyu nuclear power plant (NPP) in Turkey, according to a draft of Russia’s 2015 … Continue reading

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Armenian govt approves 2015 budget with 2.3% of GDP deficit

YEREVAN. Sept 25 (Interfax) – The Armenian government on Thursday approved a 2015 budget draft with real GDP growth of 4.1% and a budget deficit of 114.1 billion dram, or 2.34% of GDP. First Deputy Finance Minister Pavel Safaryan presented … Continue reading

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Lawyers offer 300 mln ruble bail for Yevtushenkov (Part 2)

MOSCOW. Sept 24 (Interfax) – The representatives and lawyers of AFK Sistema (MOEX: AFKS) chief Vladimir Yevtushenkov are ready to pay 300 million rubles bail for him. The relevant request is contained in the case files, the court told Interfax. … Continue reading

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Russian Grids could see lost revenue of 600 bln rubles in 2015-2017 – Demin

MOSCOW. Sept 24 (Interfax) – OJSC Russian Grids (MOEX: RSTI) is estimating lost revenue in 2015-2017 at 600 billion rubles, First Deputy CEO Andrey Demin said at a meeting of the State Duma Energy Committee in Moscow on Wednesday. “The … Continue reading

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Highland Gold H1 EBITDA plummets 24% to $48.4 mln (Part 3)

MOSCOW. Sept 23 (Interfax) – Highland Gold Mining plc (HGM) saw its earnings before taxes, depreciation and amortization (EBITDA) plummet 23.6% year-on-year in H1 2014 to $48.4 million, the company said in a statement. Sales revenue to International Financial Reporting … Continue reading

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