By Andrei Skvarsky. Due to a current moratorium on the investment of pension system money, Russia’s Pension Fund will not get 309bn rubles ($8.1bn) it was planned to receive from the state in 2015, Finance Minister Anton Siluanov has announced. Continue Reading
Russian speaking PA, London
A direct vacancy from www.russiansinthecity.eu A boutique firm in London is looking for a Russian-speaking PA/secretary on a full-time basis. Continue Reading
Finance Analyst, 12 month contract, London
A direct vacancy from www.russiansinthecity.eu KEY RESPONSIBILITIES includes: Month end closing: – Performing month end journal entries in JDE and SAP: accruals and prepayments, programming assets accounting, reclasses etc. – BS reconciliations – Filling in month end templates and submissions – Investigating differences between budget and actuals – Programming support for the 4 channels –… Continue Reading
THE IMPACT ON THE EBRD REGION OF RUSSIA’S FOOD BAN
Russia imposed a ban on food imports from the West, including 11 EBRD countries where the EBRD invests, in early August. The one-year import ban on fruits, vegetables, meat, fish, milk and dairy products from the EU, the US, Australia, Canada and Norway was part of its reaction to the West’s own sanctions imposed as… Continue Reading
Rusnano and RusHydro to set up $200m venture fund for energy development
Rusnano, Russia’s nanotech giant, and RusHydro, the largest national hydroelectric power company, are in talks over the planned setup of a $200m VC fund. The parties intend to split the cost of establishing the fund on a 50/50 basis, the Russian news agency MA-agency.ru reported, citing Rusnano president Anatoly Chubais. Continue Reading
Russia-China Investment Fund (RKIF) reached an agreement to invest in a leading chain of stores selling products for children "Children's World"
September 9, 2014 Russia-China Investment Fund (RKIF) has reached an agreement in principle to invest in the company, “Children’s World”, is a major player in the sector of specialized network of trade in goods for children in Russia. To date, 100% of the share capital of the company is controlled by AFK “System”. Continue Reading
Mail.ru Group has placed part of its stake in the group Qiwi
Mail.ru Group has sold most of its stake in the group Qiwi, control of Russia’s largest system of instant payments . Mail.ru Group could realize 4% stake Qiwi from 2.8 percent discount to the market price, generated $ 80 million. Total investment in Qiwi, in which Internet holding company once owned a 25% stake, he… Continue Reading
EBRD PLEDGES FURTHER SUPPORT TO INDEPENDENT UKRAINIAN BREWER
The shareholders of an independent Lviv-based brewer Persha Privatna Brovarnia (PPB) including the European Bank for Reconstruction and Development (EBRD), which has over two decades of successful investment experience in the Ukrainian brewing industry, are financing another project aimed at supporting one of the most vibrant agribusiness subsectors in the country. Through this latest investment… Continue Reading
RENAISSANCE CAPITAL APPOINTS NEW CO-HEAD OF INVESTMENT BANKING, RUSSIA
Renaissance Capital has appointed Maxim Arefyev as Managing Director, Co-Head of Investment Banking, Russia. Arefyev will lead the origination and execution of M&A, equity and debt capital markets transactions in the Russia & CIS space, across consumer, retail, agriculture and other sectors, alongside Anton Cherny, Co-Head of Investment Banking, Russia. Continue Reading
EBRD REDUCES STAKE IN POLAND’S LEADING TELECOMS/MEDIA PLATFORM CYFROWY POLSAT
The EBRD has reduced its stake in Cyfrowy Polsat, Poland’s leading media and telecommunications companies, by selling 33 per cent of its shares. The partial sale reflects the Bank’s continuing commitment to the company and its successful development. Continue Reading
ASIA FRONTIER CAPITAL – Country Snapshot – Maldives
The Maldives, an archipelago nation consisting of over 1,000 islands in the Indian Ocean, has experienced consistent economic growth throughout the latter part of the last decade with annual real GDP growth averaging 6%. Continue Reading
RenCap gives ex-Deutsche Bank analyst senior job in MENA team
By Andrei Skvarsky. Russia’s Renaissance Capitalhas appointed former Deutsche Bank researcher Ryan Apache as senior banking analyst in its equity research team forthe Middle East and North Africa (MENA). Continue Reading
Moscow Exchange says got through Q2 with flying colours
By Andrei Skvarsky. Moscow Exchange ended tjis year’s second quarter with financial results described by its chief executive as its “best quarterly numbers”to date. Continue Reading
Reporting Accountant, Client Accounts, Moscow
A direct vacancy from www.russiansinthecity.eu Responsibilities: Client accounts record keeping (corporate stock investments, currency) Making up a balance, execution of sales deals General accounting services Support of work of external accountants and auditors Continue Reading
EU legislator proposes limiting ruble’s convertibility
By Andrei Skvarsky. A vice-president of the European Parliament has proposed limiting the convertibility of the Russian ruble as an addition to the Western sanctions imposed on Russia for its presumed support for the separatist insurgency in eastern Ukraine. Continue Reading
Lamudi real estate firm: myths create fear of emerging markets
By Andrei Skvarsky. Lamudi, an online real estate dealer with operations in 28 countries in the Middle East, Asia, Africa and Latin America, argues there exist widespread myths that may stop Western companies from taking advantage of “exciting” opportunities offered by emerging markets. Continue Reading
Compliance Executive, London
A direct vacancy from www.russiansinthecity.eu The role is essential to assisting the business in maintaining regulated status. The post consists of assisting in the identification, implementation and monitoring of the company’s regulatory risks. Continue Reading
Corporate Secretary, London
A direct vacancy from www.russiansinthecity.eu The person will be responsible for: – liaising with external regulators and advisers, such as lawyers and auditors – maintaining statutory books, including registers of members, directors and secretaries, changes in shareholding ownership; – fielding KYC requests from counterparties; – ensure that compliance obligations under relevant laws and regulatory requirements are… Continue Reading
Legal Secretary / Office Manager, London
A direct vacancy from www.russiansinthecity.eu You will be: • Well-organized, competent and able to multi-task • Flexible; requirement to make/change/cancel arrangements at very short notice; occasionally available on weekends and evenings; • Strong interpersonally – excellent communication skills, professional and friendly approach to clients, staff and key contacts; • Proficient in Microsoft Office. Continue Reading
Warsaw bourse says unaffected by presumed cyber attack from Ukraine rebels
By Andrei Skvarsky. The website of the Warsaw Stock Exchange was temporarily paralysed on August 14 by a presumed hacking attack from eastern Ukrainian pro-Russia rebels, but the bourse said none of its trade had been affected. Continue Reading
EXCLUSIVE: Canrim Resources hails new Mongolian minerals legislation
Amendments to Mongolia’s 2006 Minerals Law lifting a four-year ban on new mineral resource exploration licences and extending the validity of such licenses to 12 from nine years are the focal point of July’s newsletter of Mongolia-focused Singaporean mining company Canrim Resources. Continue Reading
Sberbank puts Peter Urbanczyk in charge of US investment business
By Andrei Skvarsky. Sberbank has appointed Peter Urbanczyk as chief executive of the US unit of Sberbank CIB, the investment arm of Russia’s biggest lender. Continue Reading
ASIA FRONTIER CAPITAL – Country Snapshot – Mongolia
Although Mongolia is the least densely populated country in the world, with less than 3 million people living in a land area of 1.5 million km², the country has the potential to see the greatest growth of any market within the AFC Asia Frontier Universe. Continue Reading
Sberbank forecast: Russia’s GDP to grow by 0.2% for 2014, by 1.5% for 2015
By Andrei Skvarsky. Sberbank, Russia’s biggest lender, says the country’s GDP will most likely show a growth of 0.2% for 2014. Continue Reading
EXCLUSIVE: EU’s anti-Russian sanctions to be partially offset by oil prices but threaten investment banking with uncertainty – Deutsche Boerse's MNI Indicators
Shaily Mittal, an economist at MNI Indicators, a research unit of Deutsche Boerse’s news and intelligence subsidiary MNI, talks to EmergingMarkets.me about the European Union’s latest sanctions against Russia and the latter’s retaliation. Continue Reading
Senior Sovereign Analyst (EMEA) – London
SENIOR SOVEREIGN ANALYST (Job Number: 1408216) BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Continue Reading
Sberbank, VTB: no shares of sanctions-affected types to be issued
By Andrei Skvarsky. Sberbank and VTB, Russia’s two main banks, have announced they have no plans to issue shares of types that European investors are forbidden to buy from them under sanctions imposed by the European Union on the two state-controlled lenders on July 29. Continue Reading
Russian deputy economics minister fired for slamming pension money moratorium
By Andrei Skvarsky. Russian Deputy Economic Development Minister Sergei Belyakov was fired on August 6 after publicly condemning the government’s one-year extension of a moratorium on the investment of assets from non-state pension funds. Continue Reading
EXCLUSIVE: Law firm Shearman & Sterling says Russia has little room to fight ruling on Yukos
By Andrei Skvarsky. There is a next-to-zero chance of Russia successfully challenging the recent international court order that it pay more than $50bn to former majority shareholders of Yukos, according to international law firm Shearman & Sterling LLP. Continue Reading