The combined net profit of Russian banks amounted to 537 billion rubles in January-August and it is expected to exceed 700 billion rubles overall in 2016, Deputy Central Bank Chairman Mikhail Sukhov said. He said that the January-August net profit exceeded the central bank’s earlier forecast, which stood at 500 billion rubles. Retail lending declined…
In January-July Vladivostok Sea Fishing Port (Vladmorrybport OJSC) handled 2,180,100 tons of cargo (up by 38.6% YoY), the stevedoring company reported. Transshipment of fish products totaled 199,000 tons (+6.8%), dry bulk cargo – 670,400 tons (+90.1%); containers – 89,908 TEUs (+6.6%); metal scrap – 237,800 tons (+4.3 %). Vladivostok Sea Fishing Port is a multi-purpose…
The Russian government has not made a short list of contenders in privatization of oil major Rosneft so far, Deputy Prime Minister Arkady Dvorkovich reported. “You know, there has been an order to consider all privatization issues additionally, there have been no shortlists so far”, Dvorkovich said. First Deputy Prime Minister Igor Shuvalov said earlier…
Kaliningrad region is looking into a possibility of compensating shipping costs when it comes to cargoes delivered by sea to the region from the mainland Russia and back, Vladimir Zhovtun, head of the Transport Development Department at the regional Ministry of Infrastructure Development, said. According to him, this mechanism is already applied to railway transportations…
Swedish furniture maker Ikea plans to invest 100 billion rubles in Russia over the next five to seven years, CEO of the Russian division Milen Genchev said. “This amount includes extension of the malls, construction of new stores, and also extension of a distribution center in Yesipovo”, Genchev noted. The official said that Ikea did…
The Caspian flotilla ships Volgodonsk and Makhachkala within the strike grouping have performed artillery firings in the assigned zones of the Caspian Sea at the strategic command-and-staff exercise “Caucasus-2016”, the press center of RF Defense Ministry reported. The ships also repelled attacks of simulated enemy surface ships. Besides that crews practiced air defense in movement…
Mechel says Anatoly Balakin has been appointed Managing Director of commercial port Posiet (part of Mechel Groip’s transport division administered by Mecheltrans Management Company LLC). The company says Anatoly Balakin will lead the work on further implementation of the program on retrofitting and upgrading the port facilities and adjoining infrastructure facilities so that loading/unloading complex…