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2013 Russian-Dutch Bilateral Year

Published on Feb. 5, 2013

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This year 2013 has been declared the bilateral year the Netherlands - Russia (NLRF2013), a year in which both countries emphasize in their long bilateral relations offering an ambitious programme with a variety of economic, cultural and sociketal activities. Russia and the Netherlands are celebrating 400 years of diplomatic ties.

For obtaining more information about the different activities, please visit the official website: http://www.nlrf2013.nl/



"Lukoil" obtained the largest free oilfields in Russia

Published on Jan. 14, 2013

Read "Lukoil" obtained the largest free oilfields in Russia As was reported in press release of Rosnedra, a "Lukoil" company has won the auction for the sale of the last major oilfields in Russia - Imilorskoe, West Imilorskoe and some fields located in the Khanty-Mansiysk Autonomous District. At last, the fields were sold for 50.1 million rubles. "Rosneft" and "Gazpromneft-NNG" also participated in the auction.

The total recoverable oil reserves in Imilorskoe are estimated in about 66 million tons. In 2011 the company "Lukoil” has made an additional exploration of that area.

Earlier the media has called a company "Bashneft” the main contender for Imilorskoe oilfield, but later the company refused to trade. Chairman of the Board of Directors of Cooperative Financial Association "Sistema" (which controls "Bashneft") Mr.Vladimir ...

Ex-Deputy Minister of Energy of the Russian Federation will become the head of "Zarubezhneft"

Published on Jan. 14, 2013

Read  Ex-Deputy Minister of Energy of the Russian Federation will become the head of "Zarubezhneft" Deputy Minister of Energy Sector - Sergei Kudryashov - will become a General Director of the state company "Zarubezhneft". "Zarubezhneft" – is a company that has been developing fields outside of Russia since the Soviet times. After the breakup of the USSR, "Zarubezhneft" obtained assets within Russia, but in terms of production it is still significantly lagging behind other leaders of markets, such as "Rosneft" and "Lukoil".

According to newspaper "Kommersant", a Deputy Prime Minister Arkady Dvorkovich  reported that the directive of his appointment has been already signed. Currently Kudryashov is a Deputy Director of "Zarubezhneft". The reshuffle was made due to the fact that the contract of the current CEO – Mr. Nicholas Brunich - ended in December. He worked in "Zarubezhneft" since 2002 ...

Nyse to create an stock exchange in Brazil

Published on Nov. 7, 2012

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The Euro-American company Nyse Euronext, who operates New York Stock Exchange (NYSE) with divisions located in Paris, Amsterdam, Brussels and Lisbon, announced its firmly intention to enter in the Brazilian market on Monday.

Nyse has signed an agreement with the Brazilian ATG to create an Stock Exchange called ATS, which will be located in Rio de Janeiro. Both companies will invest 100 million reais each, in order to start up the business by the end of 2013 or in early 2014. A goal has been set of achieving between 10% and 15% market share after a year.

Dominique Cerutti, Nyse CEO, stated that the Brazilian market has room for new players and this initiative won’t try to steal the ...

Sochi is getting ready for the 2014 Winter Olympics

Published on Nov. 3, 2012

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The Russian Government will set in spring its targets for their first Winter Olympic Games, to be held in Sochi in 2014.

The classification rounds have already been started and some of the competitor got their own place for the Olympics. Albert Demchenko, luge pilot and three-times gold medalist, is among them.

Besides, the facilities are already under construction. The bobsled and luge track, 70% completed and expected to be finished next year, will be the longest in the world and at 1.8 kilometers.

The first international competition to be held in these facilities is the World Cup, which will take place in February, as well as the Olympics.

Sochi will also hold the Paralympic Games in March that ...

Brazil fights dollar’s devaluation

Published on Oct. 29, 2012

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Brazil is concerned about dollar’s value, since it is a reference for their own economy. The Brazilian Government set one dollar must be worth at least two reais.

However, this balance has been altered by the US Federal Reserve, who has been issuing dollars lately, and the Brazilian economy, strengthened over the last months.

In order to prevent the devaluation to continue, the Central Bank of Brazil announced that it would buy up to 1,500 million dollars though contracts maturing in December 2012 and January 2013.

Brazil will offer 30,000 inverse exchange rate swap contracts to help the dollar not to reach the limit previously established.

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