Uralkali posts 1H 20010 net profit of 8.4 billion roubles Russian potash fertilizer producer Uralkali has posted a 1H 2010 net profit of 8.4 billion roubles under IFRS.

HCFB sets sights on salary card system Leading Russian express lender Home Credit and Finance Bank is seeking to promote its salary project to attract more quality customers and address the growing number of bad loans in its portfolio, Kommersant reports.

Sberbank optimistic over universal card project Sberbank, Russia's largest lender, expects cash flow from its plastic cards to grow by 50% once a new universal identity and payment card system is launched in 2012.

Pharmstandard strengthens portfolio with research company takeover Top Russian drugs company Pharmstandard has announced its acquisition of 100% of scientific research company Vindekspharm’s shares.

Dixy posts 1H 2010 net profit of $2.5 million Russian grocery retail chain Dixy has posted a 1H 2010 net profit of $2.5 million under IFRS.

VimpelCom posts 2Q 2010 net profit of $334.7 million Russian mobile operator VimpelCom has posted a 2Q 2010 Net Profit of $334.7 million under US GAAP.

Russian government eases off on grain export The Russian government has agreed to untie export flows of grain to certain locations abroad.

VTB Group posts 1H 2010 net profit of 25.1 billion roubles Leading Russian banking group VTB has posted 1H 2010 net profit of 25.1 billion roubles under IFRS.

Evraz posts 1H 2010 net loss of $270 million Russian steelmaker Evraz has posted a 1H 2010 net loss of $270 million under IFRS.

Wimm-Bill-Dann posts 1H 2010 Net Income of $69.5 million Russian dairy, beverages and baby foods producer, Wimm-Bill-Dann, has posted a 1H 2010 net Income of $69.5 million under U.S. GAAP.

Residential property favored over commercial – Penny Lane Realty As the Russian economy bounces back after the financial meltdown, many are looking for new investment opportunities.

Gazprom posts 1Q 2010 net profit of 336.8 billion roubles Russian gas major, Gazprom, has posted a 1Q 2010 net profit of 336.8 billion roubles under IFRS.

Center Telecom posts 1H 2010 Net Profit of 4.16 billion roubles Russian telecoms company Center Telecom has posted a 1H 2010 Net Profit of 4.16 billion roubles.

Coca-Cola’s Russian tale gets juicier Coca-Cola has completed its acquisition of OJSC Nidan Juices, according to the Coca-Cola Company’s press release on September 1.

Russian state won’t step into Norisk Nickel row Russia’s government will remain neutral in the Norilsk Nickel dispute, with the company itself expressing doubts about Rusal’s credibility.

Pharmstandard posts 1H 2010 Net Profit of 2.8 billion roubles Leading Russian drug maker Pharmstandard has posted a 1H 2010 net profit of 2.8 billion roubles under IFRS.

Russian auto industry under threat by foreign carmakers Foreign carmakers at the Moscow International Motor Show have tipped Russia to drive their sales out of the economic downturn. However, observers warn success will come at the expense of domestic brands.

The Dollar's Days are Numbered The U.S. currency has had its days as provost of international transactions and how to maintain currency reserves of countries. There is growing awareness that the world's central banks are directly propping up the criminal U.S. financial system to transfer their reserves in exchange for Treasury bonds and other notes. The transfer of reserves relieves fiscal deficit and finances eternal wars always being undertaken by the military-industrial complex housed in the Pentagon.

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