Sovereign rating rise to boost investment in few months

Russia could see a significant inflow of investments in just a few months because of the raise in its sovereign rating to the investment level. Moody's upgraded Russia's sovereign rating on Wednesday (8 October) to Baa3 from Ba2, skipping one level...

KMB Bank assigned A1 rating

Interfax Rating Agency, the strategic partner of Moody's in Russia, has assigned a long-term credit rating of A1 (rus) to the Small Business Credit Bank (KMB-Bank). The agency has also assigned a short-term rating of RUS-1 to KMB The rating reflects...

EBRD to finance factoring and leasing operation

The European Bank for Reconstruction and Development (EBRD) and Hansabank will sign a cooperation agreement on financing the operation of Hansa Capital's Russian subsidiary today. Under the agreement, the EBRD will finance Hansa Leasing Russia's...

Putin Backs Tax Cuts to Aid Small Businesses

Vladimir Putin, Russian president, yesterday lent his weight to calls for lower taxes and reductions in red tape in an effort to boost the country's poorly-developed small business sector. He told a session of the State Council, an advisory body of...

Market Leaders NIKoil Establish Separate Factoring Company

The NIKoil Financial Corporation has just announced the establishment of a separate factoring company named "Operational Factoring Company NIKoil" in order to speed up its regional development programme. Roman Ogonkov was appointed as General...