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South Korea's Eximbank is to open a line of credit for Vneshtorgbank (VTB) and Gazprombank to extend short-term trade finance worth US$30 million and $20 million, respectively. The agreements will enable Korean firms who export to or do business with...
#bank#Exim Bank#trade
Russia is expecting a net private capital flight of more than US$13 billion in the last six months of this…
"Russia is stepping into a new age of uncertainty", said Pekka Sutela, a Finnish expert on the economies of Eastern…
Prime Minister Mikhail Kasyanov hailed the growing role small businesses are playing in the economy, but called on the government…
#bank#international#regulation
The Russian Central Bank and Finance Ministry plan to recommend audit firms for International Accounting Standard (IAS) reports, Central Bank…
#bank#banks#international
Russia could see a significant inflow of investments in just a few months because of the raise in its sovereign…
#Boost#investment#investments
Foreign direct investment (FDI) in Russia could hit $6 billion - $6.5 billion in 2003. FDI has been growing at…
Interfax Rating Agency, the strategic partner of Moody's in Russia, has assigned a long-term credit rating of A1 (rus) to…
#bank#interest#risk
Prime Minister Mikhail Kasyanov said that the government was "pressing on with tax reforms," recalling that from 2004 VAT would…
At the Russian-Malaysian business forum in Kuala Lumpur yesterday (5 August), President Vladimir Putin said that the two countries are…
#export credit insurance#forum#insurance
The European Bank for Reconstruction and Development (EBRD) and Hansabank will sign a cooperation agreement on financing the operation of…
#bank#leasing
Vladimir Putin, Russian president, yesterday lent his weight to calls for lower taxes and reductions in red tape in an…
The NIKoil Financial Corporation has just announced the establishment of a separate factoring company named "Operational Factoring Company NIKoil" in…
#bank#financial institutions#investment