Tag Archives: approved

Rusnano disposing of stake in American SiTime Corporation, could make 550 mln rubles from deal

MOSCOW. Oct 30 (Interfax) – Russian nanotechnology corporation Rusnano is selling its stake in the American company SiTime Corporation, Rusnano said in a statement. Rusnano’s stake in SiTime is 17.7%, and the company has invested a total of $15.9 million, … Continue reading

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Cronimet could invest $200 mln into Armenian copper mine tailings recycling

YEREVAN. Oct 16 (Interfax) – Germany’s Cronimet Mining plans to raise $200 million in funding to build a plant to recycle tailings at the Zangezur Copper and Molybdenum Combine in Armenia, Deputy Energy and Natural Resources Minister Levon Shakhverdian said … Continue reading

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Russian budget surplus 2.1% of GDP in Jan-Sept – MinFin (Part 2)

MOSCOW. Oct 13 (Interfax) – Russia had a federal budget surplus of 1.11 trillion rubles, or 2.1% of GDP, in January-September, the Finance Ministry said, citing preliminary data. Budget revenue was 10.698 trillion rubles, or 75.1% of approved budget revenue … 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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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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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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Atac supermarkets boost revenue almost 50% in 2013

LLC Atac, which manages a chain of supermarkets and is part of the Auchan group, boosted revenue 47.1% year-on-year in 2013 to 45.02 billion rubles, the SPARK Interfax database shows. Net profit grew 70% to 1.3 billion rubles from 763 … Continue reading

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TMK to issue supplementary shares to finance investment projects

The board of directors of TMK (MOEX: TRMK) has approved issuance of supplementary shares amounting to 6% of pre-issue charter capital, the pipe maker said in a press release. TMK will offer 56 million shares in an open placement. The … Continue reading

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KazAgro placing EUR600 mln in 5-yr notes at 250 bps against swaps

Kazakhstan’s KazAgro National Holding is placing 600 million euro in five-year notes at 250 basis points against mid-market euro swaps, a banking sector source told Interfax late Thursday. Initial guidance was 280 bps against swaps. Final coupon yield is 3.255% … Continue reading

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