Amsterdam-based VimpelCom Ltd. has allegedly agreed to sell its tower bases in Russia to local company Russian Towers, winner of the tender, and the deal’s future will be settled at a meeting of VimpelCom Ltd.’s board of directors, scheduled for the end of September. A person close to VimpelCom Ltd. confirmed that the process of…
Azerbaijan’s state oil company SOCAR doesn’t exclude the possibility of issuing bonds in the country’s national currency – manat – in the future, SOCAR President Rovnag Abdullayev reported. Abdullayev said that among the population there was an increasing interest in dollar-denominated bonds issued on September 20, totaling $100 million with a par value of $1,000…
Russia’s Finance Ministry and the Central Bank plan to present a draft of a new system of voluntary pension savings in the near future and the system may be launched from 2018, Minister Anton Siluanov said. Earlier, the government froze the accumulative part of pension savings for 2014 and 2015, and used 6% of citizens’…
Russia has filed an appeal against a decision of the World Trade Organization’s (WTO) arbiter panel on a suit by the E.U. against Russia’s prohibition of pork imports from the union, the Economic Development Ministry said. “On September 23, the Russian Federation filed an appeal against the WTO’s decision on a dispute “the Russian Federation…
Russian multi-industry holding Sistema has sold a 1.27% stake in MTS in the form of American depositary receipts (ADRs) for $100.4 million, and its total interest in the mobile operator decreased to 50.44%, the holding said in a statement. The stake of 12.7 million shares was sold by Sistema’s unit, Sistema Finance S.A., to a…
Czech Republic’s PPF Group NV and Staroak Limited plan to sell up to 26 million common shares, or 6% in the charter capital of the Russian precious metals producer Polymetal International via accelerated book building, Morgan Stanley, one of the possible organizers of the deal, said in a statement. The book building was to start…
The introduction of the international financial reporting standards (IFRS) in Belarus will help improve the investment climate. Belarusian Finance Minister Vladimir Amarin made the statement in an interview published in the September edition of the Ministry’s magazine Finance. Accounting. Auditing. According to the source, for the sake of effective implementation of the decision in favor…