Articles by Maria Dranishnikova

Regional Cities Outperform Moscow for Housing Investment

It would be better to invest in housing in Yekaterinburg, Kazan or Tomsk than in Moscow, according to researchers at Penny Lane Realty, although other experts aren't so sure.

London Bourse Halts PIK Trading

The London Stock Exchange has stopped trade in depositary notes of housing developer PIK Group on the orders of the British Financial Services Authority, and trading will not resume until 8.6 percent of the group's shares frozen at the request of Nomos Bank are located.

Consumer Confidence Still Very Low

Optimism among consumers of seven developing countries is second to last in Russia, according to the Credit Suisse Research Institute, with only the rich expecting income growth.

Korkunov Builds Up Warehouse Firm

Andrei Korkunov, president of Ankor Savings Bank and the Odintsovskaya Confectionery Factory, has decided to expand his network of temporary storage facilities.

Russian Standard to Buy Ukraine's Nemiroff

Rustam Tariko's Russian Standard has agreed to purchase Nemiroff, one of Ukraine's largest alcohol producers, an acquaintance of both companies' management and a distributor for one of the companies told Vedomosti.

Prada Rents Space for 2 Moscow Stores

Italian fashion house Prada Group is planning to make an independent entrance onto the Russian market and has already leased two locations in Moscow to  house its boutiques.

Sberbank Looks to Buy Stake in Detsky Mir

Sberbank may become a co-owner of Detsky Mir by buying part of an additional share emission, according to an announcement on the Federal Anti-Monopoly Service's web site at the end of last week.

Pushkin Square Spared Construction

City Hall issued an order late last week to stop the construction work under Pushkin Square, and if the investor in the project wants to continue, it will have to reduce the size of the commercial space or eliminate it altogether.