Plans by the Moscow government to increase the size of the city and support more construction, have triggered a spike in real estate prices in affected areas while the rest of the Moscow residential market is soft.

­Moscow Mayor, Sergei Sobyanin proposed increasing the city’s borders as well as moving Moscow Government agencies to the outskirts to r...

AFP Photo / Louisa Gouliamaki

With the Eurozone leadership needing to unveil a ‘grand plan’ to deal with the European financial crisis, the news that they need to delay until at least mid-next week is raising fears that they are simply trying to bridge the unbridgeable.

The Key issues they need to deal with are:

Greece – Greece has slipped on i...

The Bank of Moscow posts 1H 2011 net profit of 348.8 million roubles under IFRS

The Bank of Moscow has posted a 1H 2011 net profit of 348.8 million roubles under IFRS.

The net result nosedived 94% from a 6 billion roubles net profit posted for 1H 2010, with net interest income also falling 41.2% year on year to 11.9 billion roubles, and assets...

The demise of former Libyan Leader Muammar Gaddafi raises the questions about whether the new Libyan administration will honor contracts involving Russian companies, which were signed with the Gaddafi government.

­The Libyan Transitional National Council has reported the death of fugitive Libyan leader Muammar Gaddafi who was seized in his ...

Russian bank, MDM Bank, has posted a 1H 2011 net income of 1.45 billion roubles under IFRS.

The net result is up from the 1.06 billion rouble net profit posted in 1H 2010, despite net interest income falling from 10.141 billion roubles in 1H 2010 to 7.825 billion for 1H this year.The bank added that equity rose 3.3% since the start of 2011 to reach...