Business & Finance

Moscow Ranks as World’s Priciest City

Moscow is the world’s most expensive city for the second year in a row, thanks to an appreciating ruble and rising housing costs, a new survey reports.

Popularity: 7% [?]

June 19, 2007

Cognac Sales to Russia Have Been Multiplied by Seven in Seven Years

The Cognac industry of southwest France yesterday reported record exports, thanks to an explosion of sales to Russia and China.

Popularity: 5% [?]

June 15, 2007

Russian Top Carrier Aeroflot to Acquire 22 Boeing Dreamliners

Boeing and Aeroflot signed a deal Saturday for the Russian carrier to acquire 22 Dreamliner jets from the American plane maker.

Popularity: 3% [?]

June 11, 2007

Pepsi to Buy Ukrainian Juice Producer

According to Pravda.Ru, PepsiCo and PepsiAmericas, the second-largest bottler of Pepsi-Cola products, said they agreed to jointly acquire 80 percent of Ukrainian juice company Sandora LLC for a total of $542 million plus assumed debt to increase their presence in the East European country.

Popularity: 5% [?]

Russian Woman Gets Record High Divorce Settlement in USA

A former USSR citizen has been awarded a record-setting settlement from her former spouse in divorce, $184 mln, which made the divorce process the most expensive one in the US history.

Popularity: 4% [?]

June 6, 2007

Hilton to Open 25 New Hotels in Russia

Hilton Hotels Corp. has announced three new development alliances that will allow the company to introduce over 55 new hotels in the Caribbean, Central America, Russia and the United Kingdom in the next five years.

Popularity: 3% [?]

MTV Sells MTV Russia to Local Company for $360 mln

MTV Networks has sold its majority stake in a Russian joint venture for $360 million, reducing its participation in a market where it was a pioneer in bringing western youth culture to the eastern bloc.

Popularity: 4% [?]

June 4, 2007

Church’s Chicken to Enter Russian Fast Food Market

Church’s Chicken has announced the introduction of the chicken chain into the Russian market.

Popularity: 4% [?]

June 1, 2007

Russian Restaurant Chain to Raise $125 million from IPO

Rosinter Restaurants Holding, a leading restaurant operator in Russia and other former Soviet republics, intends to raise about $125 million from an initial public offering.

Popularity: 3% [?]

Russia to Develop Economic Cooperation with Mozambique

Russian Foreign Minister Sergei Lavrov said a working visit to Moscow of Mozambiquean Foreign Minister Alcinda Antonia Abreu would be useful for the consolidation of bilateral cooperation in the international arena.

Popularity: 5% [?]