Articles by Lyuba Pronina



Svyazinvest Names New CEO

  • 05 June 06
  • Bloomberg
Svyazinvest, the national fixed-line telephone company, named Alexander Kiselyov chief executive officer as the company prepares for a stock sale.

Sistema Units Get New Logo

  • 11 May 06
  • Bloomberg
AFK Sistema, the holding company that raised $1.56 billion last year in Russia's largest initial public offering, introduced a joint brand logo for all its telecommunications units as the company seeks to revive growth.

Putin Backs Irkut Chief to Head Aviation Giant

  • 07 March 06
  • Bloomberg
President Vladimir Putin is backing the nomination of Irkut chairman Alexei Fyodorov, who has attracted foreign investors to the once-closed aerospace sector, to head a state-controlled holding company aimed at reviving the nation's aviation industry.

Sistema Elects CEO, Owner Steps Aside

  • 27 February 06
  • Bloomberg
Sistema's board approved Alexander Goncharuk as chief executive officer after Vladimir Yevtushenkov, the company's billionaire owner, stepped aside to become board chairman.

Airbus Makes $25Bln Proposal

  • 22 February 06
  • Bloomberg
Airbus, the world's biggest builder of commercial jets, is in talks with Russia on forming a $25 billion partnership to develop a new aircraft as President Vladimir Putin accelerates plans to revive the country's aerospace industry.

Pinning Hopes on Krasnaya Polyana's Slopes

It has the support of President Vladimir Putin and a dream to host the 2014 Winter Olympics.

Cold Cuts Into Grain Harvest

This year's harvest from winter grain in Russia could fall by as much as 30 percent following the unusually cold spell that hit the country earlier this month, some market players said Monday.

New Unit to Provide Police Backup to Antitrust Raids

The Interior Ministry has set up a new unit to support the work of the Federal Anti-Monopoly Service in the fight against price-fixing cartels, Vedomosti reported Friday.

Russia, Algeria to Strike $4Bln Arms Sale Deal

Russia is set to sell $4 billion worth of arms to Algeria, in what would be its largest post-Soviet defense export deal.

Boeing Pledges $3Bln in Deals

Boeing will sign $3 billion worth of contracts in Russia in the next five years, increasing its consumption of titanium and investing into engineering services, a visiting senior executive of the company said in Moscow on Monday.

Report: Arms Dealer Wants Into Titanium

  • 23 January 06
  • Staff Writers
State-owned arms dealer Rosoboronexport is interested in buying a majority stake in the world's largest titanium producer, VSMPO-Avisma, part of a drive to create a large state-owned metals holding, Russian newspapers reported Friday.

Why Deep Freeze Is Worrisome

  • 23 January 06
  • Staff Writers
The power generation and gas supply infrastructure in Moscow are now running so close to maximum capacity that any failure in the system would hit the capital and snowball across the country, top officials said.

Power Cuts as Cold Turns More Bitter

  • 18 January 06
  • Staff Writers
More than 250 companies in and around Moscow face forced electricity cuts as officials seek to avoid a wider power blackout.

Big Freeze Leads to City Power Cuts

  • 17 January 06
  • Staff Writers
The arrival of record cold temperatures in Moscow sent officials into a panic on Monday, with electricity suppliers ordering power cuts at factories across the city amid fears that surging demand could lead to a wider power blackout.

State Shipper Wins $1Bln Indian Order

State-controlled battleship maker Yantar has won a government tender worth around $1 billion to build three frigates for India, sweeping the deal away from Kremlin-connected financier Sergei Pugachyov.

IHT to Start Publishing in Russia

The International Herald Tribune will start publishing in Moscow on Feb. 1 under an agreement with The Moscow Times, becoming the first international newspaper to be published daily in Russia.

Foreign Buyers Snap Up Gazprom

Shares in Gazprom closed up 13 percent Tuesday, as the gas monopoly’s local stock opened to international investors for the first time following a government reform put in place by President Vladimir Putin at the end of last year.

Europeans Threaten to Revisit Gas Policy

Some European countries may consider going back to nuclear power or even coal as they review their energy policies after Gazprom's politically tinged price war with Ukraine threw a big question mark over Russia's reliability as an energy partner.

Holiday Travelers Drive Sales of Package Tours

As usual, the overwhelming majority of Russians will toast the arrival of the new year at home with family. But once they sober up, an increasing number will be traveling -- both at home and abroad -- to take advantage of the long New Year's holiday.

Gazprom Open for Business

Russia will no longer be ignored by large international investment funds now that it has lifted the curbs on foreign ownership of Gazprom, analysts said Tuesday.

State Will Buy 11% of Volga-Dnepr

Volga-Dnepr, the privately controlled air cargo giant, said Thursday that it would sell an 11 percent stake to state-owned Vneshekonombank early next year.

Demographic Crisis May Cost $400Bln

The Russian economy is set to lose over $390 billion in the next two decades if the government, business and society do not take immediate action to reverse the demographic catastrophe already looming, a business lobby group said in a report Wednesday.

United Russia Takes More Execs on Board

United Russia welcomed four senior executives into its ranks on Tuesday, as the pro-Kremlin party continues its drive to win over the country's business elite.

Nemtsov Resigns From Bank Post

Liberal politician Boris Nemtsov said he had resigned from his post as a director of Neftyanoi Bank on Monday, just a little more than a week after prosecutors raided the bank in a money-laundering investigation.

Thailand Inks Deal for 12 Fighters

Russia has signed a preliminary agreement to sell $500 million worth of military aircraft to Thailand in what would be the first such deal with the traditional U.S. arms client.

Air Taxi Service to Start Next Year

An ex-minister and a former director of Sheremetyevo Airport are teaming up to launch an air taxi service next year, potentially servicing hundreds of cities currently without an air link.

UES Asset Sales to Raise Up to $5Bln

Russia could raise as much as $5 billion as soon as next year by selling shares in a number of new power firms created under the ongoing electricity sector reform, Industry and Energy Minister Viktor Khristenko said Thursday.

Gref: Border Fraud Costs $5Bln Yearly

Russia loses $5 billion in customs payments every year due to false declarations and loose controls at the border, a government minister said Thursday.

Aeroflot's Sukhoi Deal Incenses Shareholder

Aeroflot minority shareholder National Reserve Corporation said Wednesday that it objected to the airline's purchase of 30 regional jets from Sukhoi, arguing the entire deal was illegal and might be disputed in court.

Indians Focus on Energy, Aerospace

Indian Prime Minister Manmohan Singh paid a visit to President Vladimir Putin in the Kremlin on Tuesday, sealing aerospace deals and promising to increase energy cooperation.