Moody’s publishes a positive credit opinion on Russia’s International Investment Bank

Moody’s published a positive credit opinion on International Investment Bank (IIB) with the bank – formerly billed as the Soviet era’s answer to Europe’s EBRD – continuing to reinvent itself. The international rating agency Moody’s Investors Services improved its credit opinion of IIB after meetings with the bank’s management in… Continue reading

Russia’s central bank cuts interest rate by 25bp to 8.25%

The Central Bank of Russia (CBR) decided to cut the key interest rate by 25bp at the board of directors meeting on October 27, the regulator said in a much anticipated press release. A rate cut of 25-50bp was widely expected by analysts as the inflation-minded regulator had the annual… Continue reading

REGIONAL MANAGERS PRESENTED FIRST PROJECTS FOR VNESHECONOMBANK’S PORTFOLIO

From 25 to 26 September, the first conference of Vnesheconombank’s regional managers was held. The conference brought together managers from 16 Russia’s regions, who had been selected via a multi-stage selection procedure, as well as industry and government officers. In anticipation of the conference, regional managers from 13 regions submitted… Continue reading

Russia moves five places in WEF’s Global Competitiveness Report

Russia was ranked 38th among the 138 countries surveyed in the World Economic Forum’s Global Competitiveness Report published on September 26, moving up five places and “rebounding strongly from the 2015–16 recession”. This made a faster advance than moving up by only 2 places in 2016. In a separate ranking,… Continue reading

Sberbank named number one real estate bank in Central and Eastern Europe

Sberbank has taken first place in four categories of the Euromoney Real Estate Survey 2017: Best Bank in Russia, Best Bank in Central and Eastern Europe, Best Loan Finance Bank in Russia, and Best Loan Finance Bank in Central and Eastern Europe. “The results of the survey show that the… Continue reading

Nikolay Kosov re-elected as Chairman of IIB Board

Russian diplomat and international banker, Nikolaу Kosov, will lead the International Investment Bank (IIB) for another five years as the Chairman of the Board. The decision to extend the Chairman’s contract was approved unanimously by the Bank’s member states. Nikolaу Kosov started his tenure as the eighth Chairman of the… Continue reading

Major events of the Roscongress Foundation’s in Russia

The Eastern Economic Forum will take place on 6–7 September, 2017 on the campus of the Far Eastern Federal University (FEFU) on Russky Island (Vladivostok). The Eastern Economic Forum is a unique platform for cooperation between representatives from the worlds of business and politics, as well as members of the… Continue reading

Investment potential of Cherepovets

Cherepovets is a city for business The city of Cherepovets is a large industrial center of the North-West of Russia, which is located at the intersection of all types of transport routes: federal highways, railways, air corridor from Europe to Asia (international airport), the Volga-Baltic waterway. The city is equally… Continue reading