Russian minority shareholders suffer setbacks in efforts to open up firms

Article Abstract:

Russia's largest companies RAO Unified Energy Systems, national carrier Aeroflot and Norilsk Nickel's majority stockholders maintain control, reelect majority board, and keep out minority stockholders.

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Russian government adopts proposal to break up UES

Article Abstract:

The government of Russia has adopted a proposal to break up RAO Unified Energy System (UES). UES is a electricity monopoly.

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Aeroflot weathers air-sector woes

Article Abstract:

Aeroflot announced that it has not been as affected by the global downturn in air travel as its western competitors, but has still cut its profit forecast for this year by half. The carrier expects a net profit of $7.7 million to $8.4 million (Euro8.5 million to E9.3 million), a decrease from $41.75 million last year.

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