State Eyes Infineon Stake
The government is in talks with Germany to buy a stake in semiconductor maker Infineon Technologies, Sistema CEO Leonid Melamed said Thursday.Tags: Ceo, Germany, Infineon Technologies, Leonid, Melamed, Semiconductor Maker, Stake, State Government
Sistema’s Profit Falls 11%
Sistema's second-quarter profit fell 11 percent as the economic slowdown and lower wages hurt demand for consumer goods and telecommunications services, the company said in a statement Thursday.Tags: Consumer Goods, Economic Slowdown, Quarter Profit, Second Quarter, Telecommunications Services, Wages
State Backs PIK’s Debt
The government stepped in to ease the debt woes of PIK Group, a key provider of low-income housing, on Thursday with a 14.38 billion ruble ($469.9 million) loan guarantee.Tags: Debt Woes, Key Provider, Loan Guarantee, Low Income Housing, Pik, Ruble, State Government
Mikhelson to Develop Property in Petersburg
The Novatek co-owner's company, Severo-Zapad Invest, on Wednesday bought at an auction 15 plots with a total area of 144.2 hectares in the Kurortny and Primorye districts of St. Petersburg, the pre...Tags: Auction, Co Owner, Hectares, Novatek, Primorye, St Petersburg
Sechin Points Finger Toward Dam Managers
Renovations on turbine No. 2, where the Aug. 17 accident occurred, were done by a firm called Gidroenergoremont that is "a fraudulently similar name" to one of the power station's actual subsidiari...Tags: Power Station, Subsidiaries, Turbine
AvtoVAZ Asks State for More Support
As a result of existing debt, the company is now preparing for mass layoffs; it sent a declaration to the Health and Social Development Ministry announcing that it would lay off 36,000 people by th...Tags: Development Ministry, Health, Mass Layoffs
Poll Finds No New Internet Users This Year
Sixty-nine percent of respondents said they never use the Internet, the same number VTsIOM found when it conducted a similar survey a year ago.Tags: Internet Users, New Year, Poll, Respondents, Survey
