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Business news in Kaliningrad

04/12/2018 23:25Latest Sanctions Push Russian Economy Into a 'New Stage'    ( )
Yet October Island, a glorified swamp in Russia's European exclave of Kaliningrad, and Russian Island, a former cow pasture facing the far eastern port of Vladivostok, were highlighted by Moscow this week as potential alternatives. Washington's imposition of unexpectedly tough sanctions against ...
04/12/2018 18:05Can Russia Afford Its Save-a-Billionaire Relief Program? (Op-ed)    ( The Moscow Times )
One possible step is to implement an earlier proposal to create what amounts to “onshore off-shores” – special territories offering privileges to businesses – in Kaliningrad in the west and the Primorsky region in the east. Officials might offer affected businesses tax breaks and trust funds, according to a ...
04/12/2018 07:00Latest sanctions upending Russia's commodities-dominated economy    ( Seattle Times )
The U.S. government's imposition of unexpectedly tough sanctions against several oligarchs is in many respects a game-changer for Russia, with ... Yet October Island, a glorified swamp in Russia's European enclave of Kaliningrad, and Russian Island, a former cow pasture facing the Far Eastern port of ...
04/12/2018 06:052018 IPQuorum on intellectual property held in Russia    ( Xinhua )
Participants attend the plenary session of IPQuorum 2018 International Strategic Forum on Intellectual Property in Svetlogorsk, Kaliningrad region, Russia, on April 11, 2018. The main idea of the discussion this year is the new strategy of the global IP market in the digital economy context. Over 500 ...
04/12/2018 00:05Kremlin seeks to set up offshore havens to help oligarchs under sanctions – media    ( UNIAN )
One such area will be located on Oktyabrsky Island ("October" or "Lomse") in the city of Kaliningrad, while the second one – on the Far Eastern Russky ("Russian") Island, according to the Russian newspaper Vedomosti, referring to its sources. As reported, Russian businessmen who "fell victim" to ...
04/11/2018 20:05The collapse of the Russian economy: Black Monday replaced black year    ( (press release) )
If we are talking about support is at the highest level, and even discussed the formation of their “offshore” in the Kaliningrad and Primorye, means serious business. The fact that “the collective West” once again, deciding not to stand on ceremony with Russia, provoked a new round of the cold war, no one ...
04/10/2018 20:40Russia to create offshores to back sanctions-affected oligarchs    ( )
According to the interlocutors of the publication, offshore zones may appear on the island of October in Kaliningrad and on Russky Island in the Far East. The corresponding bill has already been drafted by the Ministry of Economic Development, a spokesperson for the department told Vedomosti.
04/10/2018 20:40Russia Considers Creation of 2 Tax Havens Over US Sanctions – Reports    ( Sputnik International )
MOSCOW (Sputnik) – The Russian authorities are discussing the creation of two offshore financial centers (OFCs) with special legal systems in the Kaliningrad Region and the Primorsky Territory to support business circles targeted by US sanctions, the Vedomosti newspaper reported on Tuesday.
04/03/2018 19:10MAA to pay another round of dividend, eyeing Russia O& G asset    ( The Sun Daily )
PETALING JAYA: Practice Note 17 (PN17) company MAA Group Bhd is paying out another round of dividends with RM32.82 million and allocating RM28 million for a potential investment in an independent oil producer in Kaliningrad, Russia. “A due diligence exercise will be undertaken on the relevant ...
04/03/2018 14:05Anticorruption crusaders revealed violations at Summa facilities as early as 4 years ago    ( )
Violations at the facilities controlled by Summa group were spotted as far back as 2014. This is reported by Komsomolskaya Pravda with reference to the Deputy Director of Transparency International – Russia, Ilya Shumanov. According to him, in 2013 in Kaliningrad, company Globalelektroservis (part ...
03/23/2018 06:00The Latest: EU recalls envoy for consultations on spy attack    (The Independent)
Russian ambassador claims UK has stocks of Novichok nerve agent, in extraordinary press ... - The Independent
03/20/2018 22:00As Russia spooks Europe, Poland recalls who its friends are    ( Laredo Morning Times )
"It's worth to again consider, in this context, whether Russia is a credible partner." EU countries may decide this week to impose new political or economic sanctions on Russia, whose Kaliningrad enclave borders Poland, according to Michal Dworczyk, who heads Morawiecki's office. That said, the ...
03/20/2018 03:50David Goeckeler Sells 20671 Shares of Cisco Systems, Inc. (CSCO) Stock    ( ІnsіdĐľr CĐ°r NĐľws )
British Ambassador to Russia Laurie Bristow arrives at the Russian Foreign Ministry in Moscow, Russia, March 17, 2018. But Peskov repeated "Russia ... asked her to report back". EST in Kaliningrad, the Baltic exclave that is Russia's westernmost region, and initial results are expected soon afterward.
03/17/2018 00:00Russian arbitration centre solidifies Eastern ties    ( CDR News Magazine )
... in October by the signing of a memorandum of understanding with the Singapore International Arbitration Centre, while in December it launched a Western regional office in the Russian province of Kaliningrad, a Russian free economic zone located on the Baltic coast between Poland and Lithuania.
03/16/2018 11:40Russian market flooded with fake fashion goods    ( Realnoe vremya )
The new project's production facilities are located in Moscow, St Petersburg, Kaliningrad and Ivanovo, which is a historic textile centre. Since the collapse of the Soviet Union, Russia has struggled to produce a globally recognisable fashion brand or commercially viable trend, but local designers have ...
03/13/2018 03:40Severstal Air Company planning to get new aircraft by mid-2019    ( )
Russia's Severstal Air Company, which is owned by the eponymous mining and steel giant, expects to add more capacious aircraft to its fleet by the ... During the winter Severstal Air Company flies to Moscow, St. Petersburg, Mineralnye Vody, Murmansk, Kaliningrad, Apatity, Ukhta, and Veliky Ustyug.
03/07/2018 19:50BMW Interested in Ramping Up Production in Russia    ( BMWBLOG (blog) )
“We are reviewing localized production in Russia, a decision will be taken in the coming weeks and months,” Krueger said for Automotive News at the Geneva Motor Show, adding that a site in Kaliningrad was under consideration. “Our business is very volatile. When one market shrinks in Europe, you ...
03/07/2018 15:50BMW is taking 'close look' at Russia production, CEO says    ( Automotive News Europe )
"We are reviewing localized production in Russia, a decision will be taken in the coming weeks and months," Krueger said, adding that a site in Kaliningrad was under consideration. "Our business is very volatile. When one market shrinks in Europe, you look at where else there are growth opportunities," ...
03/06/2018 19:55BMW reviewing Russia production, to decide in next months - CEO    ( Reuters )
GENEVA, March 6 (Reuters) - BMW is taking a closer look at growth opportunities in emerging markets now that some European countries have shown weaker growth, Chief Executive Harald Krueger said on Monday. “We are reviewing localised production in Russia, a decision will be taken in the ...
03/05/2018 21:45Kaliningrad Offers Tax Breaks to Attract Bitcoiners    ( Bitcoin News (press release) )
Crypto regulations have not been adopted in Russia yet, but a string of words and deeds suggests that Moscow may take full advantage of the “phenomenon” in order to uphold national interests. Ideas and proposals to attract businesses and human capital in areas of strategic importance across the vast ...


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