Russia is moving towards the privatisation process of 900 state firms, a move that could raise up to Rb 1.8 trillion (USD60 billion/Eur43 billion). This action should counteract the country’s increasing budget deficit. Among the companies forming this group is the oil giant Rosneft and Russian railways, said the Deputy Prime Minister Igor Shuvalov. Major privatisations took place in Russia in...

The provider of global financial messaging services SWIFT has announced price cuts on its core service FIN with effect from 1 January 2011. CEO Lazaro Campos announced the reduction in line with SWIFT’s vision and mission for the next five years SWIFT2015, which should see further price cuts while committing to invest further in the security and the reliability of the product. The company has...