Articles by Maria Ermakova



Kvas Maker Mulls Sale of 25% Stake

  • 26 October 09
  • Bloomberg
Deka is playing on patriotism and increased beer taxes to lure customers to its Nikola brand of the fermented beverage.

Synergy Raises $80M in Share Sale

  • 19 October 09
  • Bloomberg
The vodka maker offered 4 million new shares at $20 apiece, Synergy and Renaissance Capital, which organized the sale, said in a statement.

Hasbro Opens Moscow Arm

  • 24 September 09
  • Bloomberg
The world's second largest toy maker opened a Moscow office on Wednesday, saying they expect their share in the country's $1.5 billion toy market to "grow significantly."

Unilever Scoops Out $140M For Largest Ice Cream Plant

  • 03 July 09
  • Bloomberg
Unilever plans to spend $140 million on building Russia’s largest ice cream factory to tap the countrys increasing appetite for frozen desserts, a company executive said Thursday.

X5 Sees Smaller Stores Closing

  • 21 January 09
  • Bloomberg
About one-quarter of the country's smaller food stores may go out of business because of the credit crunch, the head of X5 Retail Group said Tuesday after his company posted a 41 percent gain in fourth-quarter sales.

Sistema-Hals Announces Plans to Slash Costs, Jobs

  • 16 December 08
  • Bloomberg
Sistema-Hals, the property company controlled by billionaire Vladimir Yevtushenkov, announced plans to cut its work force and reduce costs as the countrys real estate market stalls.

Magnit Racing to Open Outlets

  • 02 September 08
  • Bloomberg
Magnit, the country's second-largest supermarket chain, is opening a store every 27 hours to keep pace with demand and may post a record $5.5 billion in sales this year, billionaire founder Sergei Galitsky said.

New Rules Up Sales of Breathalizers

  • 07 July 08
  • Bloomberg
Electronics giant Eldorado said Friday that sales of devices enabling users to test their blood's alcohol content surged 28-fold after the government eased rules on drinking for drivers.

Designer Simachev Plans to Open 4 U.S. Outlets

  • 04 June 08
  • Bloomberg
Fashion designer Denis Simachev will open four U.S. outlets within a year as sales of his fashions increase from Tokyo to California.

Casinos Pushing to Avoid Moscow Ban

  • 04 June 08
  • Bloomberg
Ibragim Ibragimov stands glued to the flashing lights of a slot machine at the X-Time club in Moscow as he pumps in rubles and tries to match three toadstools, girls in swimsuits or Egyptian treasures to win a jackpot.

Innovation Aid Offered By Intel, Schlumberger

  • 02 June 08
  • Bloomberg
Intel and Schlumberger may help Russia create a $720 million innovation complex in Novosibirsk to develop Siberias scientific capital.

Gambling Billionaire Seeks $1.5Bln

  • 12 May 08
  • Bloomberg
Oleg Boiko, who controls Eastern Europe's largest gaming company, said his businesses planned to raise $1.5 billion this year to fund expansion in gambling, retail and real estate.

Heineken Sees Sales Weakening

  • 14 April 08
  • Bloomberg
Heineken, the largest Dutch brewer, said Friday that growth in its Russian beer sales would weaken this year as the market's expansion slows.

X5 Soars on Inexpensive Karusel Buy, Earnings

  • 14 April 08
  • Bloomberg
X5 Retail Group, the country's largest supermarket chain, rose the most in almost six months in London trading after reporting a 61 percent sales increase and saying Friday that it would buy the Karusel chain for less than analysts expected.

SPI May Sell Stolichnaya Brand

  • 01 April 08
  • Bloomberg
SPI Group, the owner of Stolichnaya vodka, may decide to sell the brand after its partnership with Pernod Ricard ends, said Andrei Skurikhin, a minority investor and a former general director of the Russian company. ""SPI has always had a number of strategic options for Stolichnaya,"" Skurikhin said today by phone. ""A sale is one of the possible options, but is not the only one.""

Tesco Said to Be Planning Stores

  • 31 March 08
  • Bloomberg
Tesco, Britain's largest supermarket chain, plans to open its first Russian stores as wages and consumer spending surge, three real estate advisers who have held talks with the retailer in the country said.

Ban Sends Casino Firm Far, Far Away

  • 22 February 08
  • Bloomberg
Casino firm Storm says gambling restrictions have led it to open new venues as far afield as Costa Rica and Armenia.

Russian Alcohol Reports 40% Higher Vodka Sales

  • 29 January 08
  • Bloomberg
Russian Alcohol, the maker of Green Mark vodka, said Monday that sales rose 40 percent in 2007 after it introduced a new brand and improved distribution and marketing.

X5 Sales Up by 57% on Store Openings

  • 23 January 08
  • Bloomberg
X5 Retail Group, the country's largest supermarket company, said fourth-quarter sales rose 57 percent after it added stores and fewer people shopped at open markets.

Retail Fuels Investment in the Regions

  • 11 December 07
  • Bloomberg
Investment in Russian commercial property may rise 20 percent this year as consumption rises on the back of economic growth, fueling demand for shopping malls and warehouses, real estate broker DTZ Holdings said.

Retail Fuels Investment in the Regions

  • 11 December 07
  • Bloomberg
Investment in Russian commercial property may rise 20 percent this year as consumption rises on the back of economic growth, fueling demand for shopping malls and warehouses, real estate broker DTZ Holdings said.

LUKoil, CNPC Sign Cooperation Deal

  • 10 September 07
  • Bloomberg
LUKoil and China's CNPC have a struck a deal to cooperate on oil and gas production abroad and supplying hydrocarbons to China.

Starbucks Opens Its First Russian Cafe Next Month

  • 20 August 07
  • Bloomberg
Starbucks, the world's largest coffee-shop chain, will open its first cafe in Russia next month after a decade of delays that included losing trademark rights, company spokeswoman Kate Bovey said Thursday.

Commercial Property Investment Rises 38%

  • 05 June 07
  • Bloomberg
Investment in Russian commercial real estate climbed 38 percent last year as surging incomes bolstered demand for shopping malls and hotels, Jones Lang LaSalle said at a presentation May 29.

Property Is the New Oil, Says Cushman

  • 22 May 07
  • Bloomberg
The real estate market is the country's ""new oil"" and will fuel economic growth as investors such as billionaire Oleg Deripaska buy property and construction companies, Cushman & Wakefield's director in Moscow said last week.

Lauren to Open Stores In Moscow

  • 11 April 07
  • Bloomberg
Polo Ralph Lauren, the maker of Ralph Lauren and Club Monaco clothes, will open its first two stores in Moscow next month to tap rising demand for luxury goods in the city.

Moscow Exchange to Cooperate With LSE

  • 01 March 06
  • Bloomberg
The London Stock Exchange, which in 2005 hosted about $4.3 billion in Russian stock sales, will work with the Moscow-based MICEX Stock Exchange, after President Vladimir Putin's government said businesses must offer shares locally at the same time they sell stock internationally.

Gazprom's MICEX Debut Is Next Week

  • 19 January 06
  • Bloomberg
Shares in Gazprom are to start trading on the Moscow Interbank Currency Exchange on Jan. 23, following the lifting of restrictions on foreign ownership and trading of the stock.

Novatek IPO Would Scare Off Total

  • 02 June 05
  • Bloomberg
Total, Europe's third-largest oil company, will cancel plans to buy 25 percent of Novatek if the Russian natural gas producer offers shares to the public, a failure that would threaten Total's output growth targets.

Vekselberg Plugs Into $1.8Bln

  • 10 March 05
  • Bloomberg
Viktor Vekselberg, Russia's third-richest man, has acquired control of electricity assets worth about $1.8 billion through holding company Integrated Energy Systems, said general director Mikhail Slobodin.