Articles by Denis Maternovsky



Ruble Bonds Outpace Dollar Notes

  • 03 July 09
  • Bloomberg
Demand for ruble bonds is also helped because Russian lenders are able to pledge the notes as collateral for loans from the Central Bank, helping create demand for the securities even as the nation remains more badly affected by the global credit crisis than most of its European neighbors.

Hedge Funds Want More Back

  • 02 June 08
  • Bloomberg
A relic from the 1998 default is forcing Russian companies to pay up to 16 percent interest on bonds.

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.

Barclays Completes Expobank Purchase

  • 04 March 08
  • Bloomberg
Barclays, Britain's third-biggest bank, on Monday acquired Russian lender Expobank for $745 million in its first overseas acquisition since losing the bidding contest for ABN Amro.

Consortium Ups Loan for Rosneft to $3Bln

  • 26 February 08
  • Bloomberg
Deutsche Bank and Calyon led banks providing $3 billion of loans for Rosneft, lured by near-record fuel prices and an expanding economy.

$15Bln City to Rise Just Outside Moscow

  • 15 January 08
  • Bloomberg
The Kazakh developer plans to include ""a Russian Oxford and Hollywood.""

$15Bln City to Rise Just Outside Moscow

  • 15 January 08
  • Bloomberg
The Kazakh developer plans to include ""a Russian Oxford and Hollywood.""

Volkswagen Opens Kaluga Factory

  • 29 November 07
  • Bloomberg
Volkswagen, Europe's largest carmaker, opened a factory in Russia on Wednesday as it seeks to triple its share of the country's market over the next three years and joins rivals Ford and Renault in beginning production in one of the fastest growing car markets.

Volkswagen Opens Kaluga Factory

  • 29 November 07
  • Bloomberg
Volkswagen, Europe's largest carmaker, opened a factory in Russia on Wednesday as it seeks to triple its share of the country's market over the next three years and joins rivals Ford and Renault in beginning production in one of the fastest growing car markets.

City Hall Official Charged Over Water Park Disaster

A high-ranking City Hall official was charged with criminal negligence Wednesday in connection with the Transvaal water park disaster in February of last year, which killed 28 people.

$110M Center Going Up Near Kursky

With the area around Paveletsky Station already saturated with the city's largest concentration of Class A offices and with availability of spaces at Moskva-City dwindling, developers are increasingly looking for new sites for modern office construction.

Putin Woos U.S., German Executives

In an unprecedented charm offensive, President Vladimir Putin met over the weekend with groups of top business leaders from the United States and Germany in an effort to reassure them of Russia's commitment to free market economics.

Logistics Project Feeds Market

An extreme shortage of international-standard warehousing facilities in Moscow continues to spur developers to outdo each other in the size of their planned industrial projects.

Moscow Drops Notch in Cost Study

A cup of coffee in Moscow is the most expensive in the world and you will be hard-pressed to find a music CD here for less than $23, according

A Hotel's Saga Winding Down

One of the most long-delayed hotel projects in Moscow, the 218-room Courtyard Marriott, at 7 Voznesensky Pereulok, will finally open its doors to guests this summer.

Media-Shy Oligarch Enters Limelight

  • 09 June 05
  • Staff Writers
Media-shy billionaire Iskander Makhmudov has paid an undisclosed sum for a 25 percent stake in the Rodionov Publishing House, the company said Wednesday.

Russian Companies Discover a New Lease on Life

Only a couple weeks ago, a fire and equipment failure at the 1960s Chagino electricity substation brought Moscow to a standstill, highlighting the lingering problem of unreliable and outdated Soviet-era equipment.

Novotel Set to Move Into Landmark

With the Rossiya Hotel soon closing, developers are rushing to fill the gap in Moscow's hospitality industry.

Vacancies Exist for Airport Hotels

When a snowstorm in Moscow last February forced 24 flights to be redirected to Nizhny Novgorod, over 1,500 passengers spent the night at a dark, unheated terminal with no electricity.

Spotlight on $200M Theater Quarter

Large-scale and ambitious construction projects right in the heart of the historic center are the norm rather than the exception in Yury Luzhkov's Moscow, but the $200 million Teatralny Kvartal, or Theater Quarter, is likely to raise an eyebrow or two.

Small Hotel Draws Big Trouble

Igor Lavrik wanted to bring small, affordable hotels to the heart of Moscow.

Moscow's Hotels Thrive in 2 Parallel Worlds

It was a last resort, so to speak, for the three desperate visitors from America.

Moscow Hotels Declare 'Bed Wars'

Some hotels have unbeatable historic locations. Others are known for their exquisite interiors or have had an array of famous guests.

New Kid on the Block Is Called Ritz-Carlton

There is no shortage of five-star hotels in Moscow, but the opening of the city's first Ritz-Carlton, one of the world's most luxurious hotel brands, is likely to make a splash on the hospitality market when it opens its doors next spring.

World Trade Center Set to Expand

The World Trade Center, Moscow's oldest business center and the Soviet-era predecessor to the Moskva-City project, is about to get a 100,000-square-meter expansion that will strengthen its position on the market.

$50M Complex to Bring Elite Housing to Center

Work on the $50 million Chistiye Prudy project, consisting of upmarket residential buildings occupying an entire block in the city center, is set to begin.

Top Jobs for Children of the Elite

In Soviet times, the children of Politburo members were often awarded plum jobs in foreign trade or as diplomats in Western countries.

Developers Target Kursky With $130M Project

In an attempt to replicate the success of transforming the once-industrial area around Paveletsky Station into a booming business district, developers are turning their attention to the area near another train station -- Kursky.

Reports: UES Set to Sell Ren-TV

  • 22 April 05
  • Staff Writers
The electricity monopoly is in talks to sell its 70 percent stake to Evrofinance Mosnarbank and Germany's RTL Group.

Delta Acquires Blocking Stake in Prime Sandwich Shop Chain

Delta Private Equity Partners has acquired a blocking stake in the popular Prime sandwich chain, allowing it to expand across Moscow.