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  • Tanzania Makes $206 Million Atomic Tax Claim

    The Moscow Times - Thursday 23rd May, 2013

    Tanzania is demanding almost $206 million in taxes from Russian state uranium company ARMZ, which has won a license to build the East African country's first uranium mine, the energy minister said on Thursday. Atomredmetzoloto, or ARMZ is the mining arm of Rosatom, which also builds nuclear reactors. Tanzania's tax claim relates to the Mkuju River project in southern Tanzania, which ...

  • Luxoft Files for IPO in New York

    The Moscow Times - Thursday 23rd May, 2013

    Russian software developer Luxoft has filed for an initial public offering in New York under the ticker LXFT. According to a regulatory filing, the company is hoping to raise as much as $80 million. The amount, however, may change in the future. Luxoft's parent company, IBS Group, chose UBS, Credit Suisse Group, JPMorgan Chase & ...

  • Audi Launch Shows Promise of Premium Segment

    The Moscow Times - Thursday 23rd May, 2013

    Daniel Kolodin / For MT Audi executives presenting a new entrant on the growing premium car market in Russia on Thursday. Audi on Thursday presented a new premium model in the country as sales of this class of cars are bucking the downward trend on the domestic auto market. Sales of the new A3 sedan will begin toward the end of September in a bid to win over clients that might be ...

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