Tag Archives: subsidiary

Smart eMoney: Digital finance to soar in 2015 with world-class innovations

[02 January 2014] With smartphone adoption and Internet usage continuously rising in the Philippines, digital financial services are now starting to take off as more and more Pinoys are discovering the convenience and going digital, mobile and cashless. Smart digital … Continue reading

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Microsoft in Russia ups revenue 11%, Nokia, Skype see a drop

MOSCOW. July 28 (Interfax) – LLC Microsoft Rus, the main Russian division of U.S. software giant Microsoft, upped revenue 11.2% in 2013 to 9.9 billion rubles, the SPARK Interfax database shows. Gross profit climbed 21% to 3.5 billion rubles. Net … Continue reading

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Confectioner Mondelez in Russia ups revenue 13.1%

MOSCOW. July 21 (Interfax) – LLC Mondelez Rus (LLC Kraft Foods Rus until April 2013), the Russian subsidiary of international confectioner Mondelez, posted revenue of 55.2 billion rubles in 2013, up 13.1% year-on-year (48.9 billion), the SPARK Interfax database shows. … Continue reading

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GV Gold to invest $9 mln in Kopy Goldfields Krasny project, get 51% of JV

Russia’s OJSC Vysochaishy (GV Gold) plans to invest $9 million in the Krasny project, operated by Kopy Goldfields, and will receive 51% of a joint venture with the Swedish mining junior. Kopy Goldfields said in a press release that its … Continue reading

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Investments in SOCAR-Polimer to total $335 mln

Investments in LLC SOCAR-Polimer, a subsidiary of the State Oil Company of the Azerbaijan Republic (SOCAR), will total $335 million, the Sumgait Chemical Industrial Park, of which SOCAR-Polimer is a resident, told Interfax. SOCAR-Polimer will begin building a plant to … Continue reading

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VTB loses 100 mln rubles on sale of Russian National Commercial Bank

VTB (MOEX: VTBR) took a loss of 100 million rubles in the first quarter of 2014 from its sale of Russian National Commercial Bank (RNCB), which is now a backbone bank in Crimea. It sold RNCB for 1.2 billion rubles, … Continue reading

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