Yandex posts 3Q 2011 net income of 1.7 billion roubles under US GAAP

Russian internet search engine and internet service provider Yandex has posted a 3Q 2011 net income of 1.7 billion roubles under US GAAP.

The net result jumped 93% from the 883 million rouble net profit posted for 3Q 2010, with 3Q adjusted EBITDA also up 54% year on year to 2.3...

Freight one declared Sold: Lisin skims the cream

Russia’s richest man, Vladimir Lisin, has won an auction to buy the country’s biggest freight rail operator - Freight one.

­The auction kicked off on Friday with the opening bid fixed at 125 billion roubles for a 75% stake minus two shares. By the end, the stake was reported sold to the Independent ...

Magnit net profit down but profitability is up

Russian retailer, Magnit, has posted a 9M 2011 net income of 6.98 million roubles under IFRS.

­Although the bottom line dropped by 2.66% year-on-year, top line growth was underpinned by an increase in selling space, as well as a 14.29% increase in like-for-like sales

9M 2011 Financial Highlights in...

Yaroslav Lissovolik says export industries will benefit from WTO accession

Yaroslav Lissovolik, chief economist at Deutsche Bank, discusses with Business RT the possible aftermath of WTO accession for Russian industries.

Ben Aris, editor - in - chief of Business New Europe, says there are no absticles remaning for Russia to join WTO

As all eyes are on Russia to see how it responds to Georgia’s latest move regarding WTO accession, Business RT discusses the issue with Ben Aris, editor - in - chief of Business New Europe.

Georgia okays proposals of Swiss mediators on Russia´s WTO accession

Georgia has agreed to new proposals on Russia's WTO accession, paving the way for its larger neighbor to become a WTO member in the near future. Russia has yet to respond to the move.

After 16 years of negotiations over Russia’s accession, Thursday’s move represents a ...