Articles by Paul Abelsky



G20 Asked to Ease Investment Barriers

  • 12 November 10
  • Bloomberg
Russia is urging the Group of 20's policymakers to remove barriers to long-term investment in developed countries to help emerging economies counter capital inflows as the United States pumps $600 billion into its economy.

Rate Cuts Meant to Slow Inflow

  • 02 November 09
  • Bloomberg
The bank on Thursday cut the refinancing rate half a point to a record low of 9.5 percent, partly aimed at Уreducing the difference between short-term interest rates on the internal and external markets.Ф

Strange Collateral Burdens Banks

  • 29 October 09
  • Bloomberg
Russian lenders are seeking to recoup losses by accepting a range of collateral, including stakes in a lingerie retailer and over 40,000 pigs.

Central Bank Signals More Cuts

  • 22 October 09
  • Bloomberg
Policy makers, who on Sept. 29 cut the refinancing rate to 10 percent, are trying to combat restrictive lending conditions that threaten to slow economic recovery.

Renault, AvtoVAZ to Build Cars Jointly

  • 12 October 09
  • Bloomberg
The venture would make 300,000 vehicles per year by 2015, AvtoVAZ president Igor Komarov told reporters Friday at the companyТs main plant in Tolyatti.

Foreign Investment Declines 45% in H1

  • 24 August 09
  • Bloomberg
Foreign direct investment plummeted an annual 45 percent, the most on record, to $6.1 billion in the first six months of the year as the economy contracted at a record pace, the State Statistics Service said Friday.

State Worries About Low Bond Demand

  • 20 August 09
  • Bloomberg
The governmentТs plan to sell $58.5 billion of bonds in the next three years, its first international debt sale since the 1998 default, may be hampered by private borrowers competing to raise funds, the Finance Ministry said.

GDP Falls 10.9% in Surprise Drop

  • 12 August 09
  • Bloomberg
The figures push the ruble down 1.4 percent to its lowest level in a month.

LSR to Cut Jobs, Delay Projects

  • 02 December 08
  • Bloomberg
LSR Group, the country's second-largest property developer, will cut 10 percent of its workforce and freeze new projects next year because of a slump in the construction industry. Meanwhile, Goldman Sachs gives the company a buy rating.

New Users Boost MTS Sales 25% in '07

  • 07 April 08
  • Bloomberg
Sales at Mobile TeleSystems, the country's largest mobile-phone provider, rose about 25 percent in 2007, more than the company had previously expected, boosted by new subscribers, chief executive Leonid Melamed said Saturday.

LSR Announces $300M for Property Buys in Urals

  • 11 March 08
  • Bloomberg
LSR Group, a developer controlled by billionaire Andrei Molchanov, will spend $300 million on acquisitions around the Ural Mountains this year, chief executive Igor Levit said in an interview. The St. Petersburg-based LSR will focus on Yekaterinburg, the country's fourth-largest city, Levit said, and will consider projects elsewhere in the Urals.

Finnish Fund Eyes Russian Real Estate

A consortium of Finnish companies has unveiled a joint plan to expand investment into the Russian and Baltic real estate markets

Hermitage Unveils Plans for New Wing

The State Hermitage Museum has unveiled design proposals for a multimillion-dollar development of a new east wing that will continue the museum's expansion into landmark buildings in St. Petersburg.

Office Centers Build Up St. Pete Market

Business centers have become one of the fastest-growing sectors of the St. Petersburg real estate market.

Architect Has Native Feel for St. Pete

Expectations have been running high for years that Russia will be flooded by foreign architects looking for work beyond the stagnant European construction market.

High-Rise Questions Popping Up in St. Pete

In a city built on low-lying marshes, skyscrapers would resemble castles in the sky.

Strong Foundations

Up-and-coming Russian designers present their work at the Venice Biennale of Architecture.

Strong Foundations

Up-and-coming Russian designers present their work at the Venice Biennale of Architecture.