Russia Overrides Peru in IMD World Competitiveness Ranking of 2013

IMD, a top-ranked global business school based in Switzerland, today announced its 25th anniversary world competitiveness rankings. In addition to ranking 60 economies for 2013, the IMD World Competitiveness Center also looks at the winners and losers since its creation.

Professor Stephane Garelli, director of the IMD World Competitiveness Center, said: "While the euro zone remains stalled, the robust comeback of the US to the top of the competitiveness rankings, and better news from Japan, have revived the austerity debate. Structural reforms are unavoidable, but growth remains a prerequisite for competitiveness. In addition, the harshness of austerity measures too often antagonizes the population. In the end, countries need to preserve social cohesion to deliver prosperity." 

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When Sci-Fi becomes reality: Mail.ru’s CEO Dmitry Grishin invests in robotics

Dmitry Grishin, the 34-year-old co-founder and CEO of the Mail.ru, the largest Internet company in the Russian speaking world, finds a new path for development. His global investment company Grishin Robotics, founded in the summer of 2012 and headquartered in New York, USA is successfully implementing its goal of  blowing  $25 million on personal  robots. 

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When Using Social Media to Pitch, Do Your Homework First

Article originally appeared on PR News

With the continued emergence of new ways to interact socially, the demand for media coverage increases. As a result, balancing PR resources against your objectives while at the same time reaching your business goals can be a challenge. In this Q&A, Colleen Cleary, VP, Havas PR and a featured speaker at the PR News’ Media Relations Conference on Nov. 30 in Washington, D.C., offers tips on how to adequately manage time and resources. 

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Stock Research, For a Select Few

Publication by The Wall Street Journal

A growing group of Wall Street salespeople and brokers has created a shadow stock-research business that caters to big, fast-money traders but isn't available to retail investors.

On July 10, for instance, Peter Vogel sent a note to a group of CLSA/Crèdit Agricole Securities clients, alerting them to "chatter" that orders for parts of Apple iPad were down.

TIM NetworkSome investors took the note, which was reviewed by The Wall Street Journal, to mean that demand for the iPad was weakening. When Apple slid nearly $10 that day, some investors were told Mr. Vogel's note was partly behind the move. Mr. Vogel declined to comment as did CLSA, which has agreed to a merger with Citic Securities Co. 

Mr. Vogel, of CLSA, isn't a high-profile analyst. Rather, he is what is known on Wall Street as a research "specialist", whose job it is to provide big investors an extra slice of up-to-date information beyond the firm's published research on technology companies. 

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We're Off For Christmas!

Merry Christmas

 

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Russian Mobile Applications Developers Have Earned More Than $80 Million in 2011

Sales of mobile applications in Apple and Google online stores will bring this year Russian developers more than $80 million in profits, predicts managing director of i-Free Innovations, Kirill Petrov.

Commenting his estimation, Kirill Petrov notes that i-Free Innovations develops mobile applications for these platforms as well and can estimate the approximate profit of its competitors. 

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Russian “Billionaire Battles” Formula: Get To The Court And Don’t Forget To Invite Media

It is not a secret that in Russia, which some claim to be the world's biggest energy producer, with annual GDP of about $1.9 trillion, valuing for 2.8 percent of the world economy, the political situation may be judged by some experts as unstable. Country is facing presidential elections in the early 2012 with another complicated castling planned by Russian political leaders. While most of Russia’s publicity efforts has been concentrated on balancing country’s positive reputation, international media is full of stories with Russian businessmen advocating for international courts to settle their disputes of various kind which are called as the “billionaire battles”.

The word “oligarch” had became a widely recognized appellative name for the most rich and successful businessmen from Russia, everyone knows they influential and of course they do transfer their personal reputation to the image of Russia as a country on the international political arena. This is why current behavior of leading Russian businessmen so malapropos — their public skirmishes and conflicts advocated by international courts not only exploit international judicial system and trust of respectable business media, but also transfer negative reputation to the political situation in Russia. 

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Russian President Dmitry Medvedev Hosting His Press Conference At Skolkovo: Talk About Innovations Expected

Russian President Dmitry Medvedev will not host his first ever large press conference for Russian and international media in the Kremlin, choosing different approach comparing to his predecessor Vladimir Putin. Mr. Medvedev had chosen to present within the walls of Skolkovo Business School, Vedomosti newspaper has reported.

Change of venue from Kremlin to the newly constructed facility would allow journalists to see the process of creation in Russia of specially designed technopark, aimed to be the analog of famous Silicon Valley in US, told press-secretary of the president Natalia Timakova to the Russian newspaper. 

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CTC Media beats expectations on 4Q10 results

Yesterday CTC Media beat analysts expectations with its 4Q10 and FY 2010 US GAAP results. It also announced an increased dividend payout of 70% of 2010 net income.

CTCM’s FY 2010 revenues came in at USD 601mn, growing by 19% y-on-y and beating the forecast by 2%. OIBDA came at USD 221mn, 4.5% higher than last year’s number, adjusted for an impairment charge and a one-off ex-CEO payment. OIBDA beat the forecast by 5%. 

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We would like to wish you a Merry Christmas and Happy New Year!

Merry Christmas

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