Economy of Russia

The World Economic Forum Recognises PhosAgro CEO Andrey Guryev as a 2021 Young Global Leader

Retrieved on: 
Friday, March 12, 2021
Andrey Guryev, PhosAgro, Organizations, World Economic Forum, Articles, Economy of Russia, Andrey Guryev Jr.

MOSCOW, March 12, 2021 /PRNewswire/ -- The World Economic Forum (WEF) has recognised PhosAgro CEO Andrey Guryev as a 2021 Young Global Leader.

Key Points: 
  • MOSCOW, March 12, 2021 /PRNewswire/ -- The World Economic Forum (WEF) has recognised PhosAgro CEO Andrey Guryev as a 2021 Young Global Leader.
  • Young leaders around the world are leading by example and paving the way for action on these issues," the WEF official statement said, which announced the names of Young Global Leaders in 2021.
  • WEF President Brge Brendecongratulated Andrey Guryev on his appointment as a Young Global Leader, noting that the 2021 list includes outstanding leaders from different industries and countries.
  • "I am pleased to congratulate Andrey Guryev on being selected as a Young Global Leader.

The World Economic Forum Recognises PhosAgro CEO Andrey Guryev as a 2021 Young Global Leader

Retrieved on: 
Friday, March 12, 2021
Andrey Guryev, PhosAgro, Organizations, World Economic Forum, Articles, Economy of Russia, Andrey Guryev Jr.

MOSCOW, March 12, 2021 /PRNewswire/ -- The World Economic Forum (WEF) has recognised PhosAgro CEO Andrey Guryev as a 2021 Young Global Leader.

Key Points: 
  • MOSCOW, March 12, 2021 /PRNewswire/ -- The World Economic Forum (WEF) has recognised PhosAgro CEO Andrey Guryev as a 2021 Young Global Leader.
  • Young leaders around the world are leading by example and paving the way for action on these issues," the WEF official statement said, which announced the names of Young Global Leaders in 2021.
  • WEF President Brge Brendecongratulated Andrey Guryev on his appointment as a Young Global Leader, noting that the 2021 list includes outstanding leaders from different industries and countries.
  • "I am pleased to congratulate Andrey Guryev on being selected as a Young Global Leader.

EQS-News: PJSC Mechel : Mechel Announces 2020 Financial Results Release Date

Retrieved on: 
Wednesday, March 10, 2021
Mechel, Forward-looking statement, Ferroalloy, Companies, Articles, Economy of Russia

Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electric power.

Key Points: 
  • Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electric power.
  • Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Mechel, as defined in the safe harbor provisions of the U.S.
  • We wish to caution you that these statements are only predictions and that actual events or results may differ materially.
  • We refer you to the documents Mechel files from time to time with the U.S. Securities and Exchange Commission, including our Form 20-F.

LSR Group Completes Placement of Bond Offering

Retrieved on: 
Tuesday, March 2, 2021
LSR Group, International Financial Reporting Standards, Companies, Yekaterinburg, Business, Economy of Russia, Russian politicians, Andrey Molchanov

PJSC LSR Group is a real estate development and building materials company founded in 1993 and operating in a number of complementary market segments.

Key Points: 
  • PJSC LSR Group is a real estate development and building materials company founded in 1993 and operating in a number of complementary market segments.
  • Its core business areas are production of building materials and real estate development and construction.
  • LSR Group's main operations are located in St. Petersburg and Leningrad Region, Moscow and Moscow region and Yekaterinburg.
  • In accordance with its audited IFRS consolidated financial statements for 2019, LSR Group reported revenue of RUB110.4 billion, Adjusted EBITDA of RUB21.0 billion and Net Profit of RUB7.5 billion.

PJSC RusHydro: RusHydro announces 2020 IFRS results

Retrieved on: 
Tuesday, March 2, 2021
Basic Element, Companies, Hydroelectricity in Russia, Sayano-Shushenskaya Dam, Rusal, RusHydro, Economy of Russia, Dams, En+ Group

In the same period, EBITDA increased by 23.3% to an all-time high level of RUB 120,268 mn.

Key Points: 
  • In the same period, EBITDA increased by 23.3% to an all-time high level of RUB 120,268 mn.
  • The Board of Directors appointed Victor Khmarin as Chairman of the Management Board, General Director of the Company;
    PJSC RusHydro and PJSC Polyus have signed a bilateral power purchase agreement for clean electricity produced by Sayano-Shushenskaya HPP.
  • The Boguchanskaya hydropower plant is part of the Boguchanskiy Energy and Metals Complex (BEMO), a joint venture (JV) between RusHydro and UC RUSAL, and is not part of RusHydro Group.
  • According to RusHydro's shareholding in the JV (50%), the results of the plant are reported in the official financial statements in "Share of results of associates and jointly controlled entities".

VTB Group announces IFRS results for the full year and the fourth quarter of 2020

Retrieved on: 
Thursday, February 25, 2021
VTB Bank, VTB Capital, 4Q, Banks, Companies, Economy of Russia

Net interest margin was 3.8% for both FY 2020 and 4Q 2020, up from 3.4% and 3.5% for FY 2019 and 4Q 2019, respectively.

Key Points: 
  • Net interest margin was 3.8% for both FY 2020 and 4Q 2020, up from 3.4% and 3.5% for FY 2019 and 4Q 2019, respectively.
  • The Group continues to take measures to reduce costs and improve operational efficiency in line with its strategy and long-term development priorities.
  • VTB Capital Investments' assets under management increased in FY 2020 and 4Q 2020 by 74% and 16%, respectively, to RUB 3.4 trillion.
  • VTB transferred processing for all pre-approved loans and digital credit cards through VTB Online to a new retail credit conveyor (RCC 2.0).

Sistema PJSFC: Sistema and RDIF agree to jointly develop Binnopharm Group

Retrieved on: 
Friday, February 19, 2021
VTB Bank, Sistema, MOEX, Companies, Economy of Russia, Draft:Marathon Group

19 February 2021, Moscow - Sistema PJSFC ("Sistema", the "Corporation" or, together with its subsidiaries and affiliates, the "Group") (LSE: SSA, MOEX: AFKS), a publicly-traded Russian investment company, announces completion of the establishment of the pharmaceutical holding company Binnopharm Group ("Binnopharm Group" or "the Holding").

Key Points: 
  • 19 February 2021, Moscow - Sistema PJSFC ("Sistema", the "Corporation" or, together with its subsidiaries and affiliates, the "Group") (LSE: SSA, MOEX: AFKS), a publicly-traded Russian investment company, announces completion of the establishment of the pharmaceutical holding company Binnopharm Group ("Binnopharm Group" or "the Holding").
  • To create the pharmaceutical holding company, Sistema and its financial partner, VTB Group ("VTB"), contributed their 56.2% stake in OJSC Sintez (which includes CJSC Biocom) to the equity of Binnopharm Group.
  • As a result, the effective stake of Sistema together with VTB in Binnopharm Group will be 79%, and the Investor Consortium will have 15.8%.
  • Binnopharm Group companies are already demonstrating impressive performance: in 2020, sales grew by 25% year-on-year to RUB 27.5 bn.

Sberbank: Sber earned RUB86.7 bn for 1M 2021 (RAS)

Retrieved on: 
Friday, February 5, 2021
Sberbank of Russia, Companies, Economy of Russia, Financial services

Please note that some minor changes became effective in Sberbank's internal methodology starting from January 1, 2021.

Key Points: 
  • Please note that some minor changes became effective in Sberbank's internal methodology starting from January 1, 2021.
  • The effect of subsequent events is excluded from the numbers as of January 1, 2021.
  • The Bank earned RUB86.7 bn.
  • "In January Sberbank earned a net profit of RUB86.7 bn.

EQS-News: PJSC Mechel : Government Delegation Tours Mechel's Chelyabinsk Facilities

Retrieved on: 
Friday, January 29, 2021
Mechel, Chelyabinsk, MOEX, Companies, Economy of Russia

Chelyabinsk, Russia - 29 January 2021 - Mechel Group (MOEX: MTLR, NYSE: MTL), one of Russia's leading mining and steel companies, reports that a delegation headed by Russia's Deputy Prime Minister Viktoria Abramchenko toured Mechel Group's Chelyabinsk facilities.

Key Points: 
  • Chelyabinsk, Russia - 29 January 2021 - Mechel Group (MOEX: MTLR, NYSE: MTL), one of Russia's leading mining and steel companies, reports that a delegation headed by Russia's Deputy Prime Minister Viktoria Abramchenko toured Mechel Group's Chelyabinsk facilities.
  • The delegation toured Mechel Coke's production facilities.
  • "Our company is implementing environment-friendly measures at its Chelyabinsk facilities since the day they joined Mechel Group in 2001.
  • Today we have demonstrated both our upgraded production facilities and those expecting upgrades to the government delegation.

Sberbank: Director/PDMR Shareholding

Retrieved on: 
Wednesday, January 27, 2021
Sberbank of Russia, Herman Gref, Financial services, Companies, Economy of Russia

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.

Key Points: 
  • Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
  • The issuer is solely responsible for the content of this announcement.
  • Sberbankinforms that its PDMRHerman Gref,Chief Executive Officer, Chairman of the Executive Board of Sberbank PJSC,made the transaction inSberbank's debt instruments.