For the Record

O'Key Ups Revenue to $1Bln

Food retailer O'Key said Friday that its like-for-like sales grew 9.6 percent year on year in the second quarter of 2013, after a rise of 5.3 percent in the previous quarter, while net retail revenue including new stores increased by 21.5 percent year on year to 33.1 billion rubles ($1.02 billion) and its chain of hypermarkets and supermarkets increased to 85 from 75 a year earlier. (Reuters)

Eurobond Placement Planned for the Autumn

Russia is likely to place its long-planned eurobonds, originally scheduled for June and valued at $7 billion, in the autumn, Finance Minister Anton Siluanov said, adding that "[Russia] doesn't need the money urgently." (Reuters)

Transneft to Pay $150M 2012 Dividends

Transneft will pay out dividends for 2012 of almost 4.9 billion rubles ($150 million), or 45.7 percent of its net profit on all shares, up from 2.8 billion rubles, or 15 percent of net profit per ordinary share and 10 percent per preference share, in 2011, Interfax reported. (MT)

1% July Inflation Predicted

The inflation forecast for July is about 1 percent, Deputy Economic Development Minister Andrei Klepach said Friday, Interfax reported. (MT)

Moscow Fertilizer Company Opens Louisiana Plant

Moscow-based EuroChem, one of the world's top ten fertilizer producers, intends to build a $1.5 billion fertilizer plant in the United States with financial support from the state of Louisiana, the company said late last week. (RIA-Novosti)

Turkmenistan Reports 9% Growth

Turkmenistan's economy grew 9.4 percent in the first six months of 2013, compared to an 11.1 percent rise in the same period in 2012, said Turkmen President Gurbanguly Berdymukhammedov on Saturday. (Reuters)

The rapid growth is backed by prudent state spending and massive foreign investment, he said.