Russian steelmaker Novolipetsk Steel (NLMK) announced on Monday a new five-year plan to increase core earnings by $1.25 billion annually and revised its dividend policy, the company’s President Grigory Fedorishin told Vedomosti in an interview.
The Lipetsk-located NLMK, controlled by billionaire Vladimir Lisin, said its 2022 strategy also aims...
Russian retailer X5 said that its adjusted earnings before interest, tax, depreciation and amortization (EBITDA) rose to 7.2% in full-year 2018, as the business reported “sustainable growth” for the year, Fresh Plaza writes.
The retailer made the announcement as it published its 2018 Annual Report, in which it said that its grew revenue...
In what local media have called the “fraud of the decade”, a Russian furniture manufacturer has left Serbia and North Macedonia overnight, leaving hundreds of paying customers without their orders, news website SDK.mk reports.
Without prior announcement, Spilit, a Russian company which owned Russian-Serbian furniture retail chain Ne-Fa, has closed...
Greece is ready to take part in joint ventures for the construction and servicing of Russian ships in Greek shipyards, according to Dimitrios Velanis, an advisor to the Greek Prime Minister.
Velanis, who advises Prime Minister Alexis Tsipras on cooperation with Russia, spoke to RIA news agency ahead of this year’s edition of the...
St Petersburg-based Kronstadt Group, a subsidiary of Joint-Stock Financial Corporation Sistema, has developed a combat variant of the Orion-E medium-altitude long endurance unmanned aerial vehicle (UAV), a source from the company said, according to news outlet If24.ru.
The modified Orion-E has a maximum take-off weight (MTOW) of 1,000 kg and...
Russia's Norilsk Nickel (Nornickel) said on Wednesday its consolidated nickel production was at 53,739 tonnes in the third quarter of 2018, up 9 percent quarter-on-quarter, Finam.ru reported.
Nornickel, one of the world's largest nickel and palladium producers, also said its palladium production totalled 699,000 troy ounces, down 14 percent quarter-on-quarter....
Russia's manufacturing activity contracted for the second straight month in June, IHS Markit said in a press release. The seasonally adjusted Purchasing Managers' Index, or PMI, dropped to 49.5 in June from 49.8 in May. Any reading below 50 suggests contraction in the sector.
The latest decline was driven by...
Players in the Russian market began negotiations over January shipments of suspension polyvinyl chloride (SPVC) early this week, with producers announcing an increase in prices for supplies to the domestic market, according to a price report by ICIS-MRC.
SPVC prices in the Russian market are seen to have reached their...
U.S. President Donald Trump’s steel and aluminum tariffs met a barrage of criticism at a World Trade Organization (WTO) meeting on Friday, as the European Union, Japan, Australia, and others joined a debate started by China and Russia, Reuters reported.
The EU representative at WTO dismissed U.S. assertions that the steps...
Russia's federal statistics office Rosstat has significantly revised its previous industrial output data, with the growth rate increasing by a strong 1.4% year-on-year on average in the period of January 2017 and April 2018, the agency reported.
According to Lenta, the result seemed to catch many analysts by surprise.
“Revisions are normal,...
