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Volga Group
Volga Group is a privately held investment vehicle that manages assets on behalf of the businessman Gennady Timchenko. History Volga Group was established as Volga Resources in 2007, and renamed as Volga Group in June 2013. The group consolidates Gennady Timchenko's assets and makes investments in financial services; industrials and construction; trading and logistics; consumer goods; and energy. Gennady Timchenko noted that for the next few years, his group will focus on the development of infrastructure projects in Russia. Major assets Among Volga Group's major assets are a 23% stake in Novatek, Russia's second-largest producer of natural gas; 15.3% of petrochemicals company Sibur, 50% of the gas company Petromir, and 60% through the joint venture with Gunvor in the coal company Kolmar. Other investments include 63% of construction company STG Group, 31.5% of CJSC Stroitransgaz, 60% of the rail company Transoil, 100% of beverage maker Aquanika, 79% of timber company ...
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Gennady Timchenko
Gennady Nikolayevich Timchenko (russian: Геннадий Николаевич Тимченко, ''also spelled'' Guennadi Timtchenko; born 9 November 1952) is a Russian oligarch and billionaire businessman. He founded and owns the private investment firm Volga Group. Previously he was a co-owner of Gunvor Group. Timchenko has been close friends with Russian leader Vladimir Putin since the early 1990s. In 1991, Putin gave Timchenko an oil export license. Timchenko subsequently founded Gunvor, which would go on to export billions of dollars-worth of Russian oil. Timchenko's investment firm Volga Group is a major shareholder in the natural gas giant Novatek. The Pandora Papers leaks revealed that a Timchenko firm, which played a key role in the Novatek investment, obtained massive loans through anonymous offshore shell companies. Timchenko was sanctioned by the US over Russia's 2014 annexation of Crimea. He faced further sanctions just before the February 2022 invasion of Ukrai ...
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Transoil
LLC Transoil is a railway operator in Russia and was founded in 2003. The company is one of the biggest railway transporters of oil and oil products in Russia."Businessmen Bokarev, Makhmudov Buy 13% of Transoil From Timchenko"
''Russia & CIS Business and Financial Newswire'', 26 Dec 2012
LLC Transoil is based in . LLC Transoil operates 34,000 tanker railcars and 36 locomotives."Transoil buys first 3 electric locomotives for electrified routes", ''Russia & CIS Business & Financial Daily'', 22 Feb 2013, accessed 13 Mar 2013 via Nexis
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Companies Based In Luxembourg City
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Luxembourgian Companies Established In 2007
Luxembourgish ( ; also ''Luxemburgish'', ''Luxembourgian'', ''Letzebu(e)rgesch''; Luxembourgish: ) is a West Germanic language that is spoken mainly in Luxembourg. About 400,000 people speak Luxembourgish worldwide. As a standard form of the Moselle Franconian language, Luxembourgish has similarities with other varieties of High German and the wider group of West Germanic languages. The status of Luxembourgish as an official language in Luxembourg and the existence there of a regulatory body have removed Luxembourgish, at least in part, from the domain of Standard German, its traditional . History Luxembourgish was considered a German dialect like many others until about World War II but then it underwent ausbau, that is it created its own standard form in vocabulary, grammar and spelling and therefore is seen today as an independent language, an ausbau language. Due to the fact that Luxembourgish has a maximum of some 285,000 native speakers, resources in the language like ...
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Investment Companies Of Luxembourg
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high losses. Investors, particularly novices, are often advised to diversify their portfolio. Diversification has the statistical effect o ...
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Bloomberg L
Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician and mayor of New York City (2002–2013) * Ramon Bloomberg (born 1972), American artist and film director Other uses * Bloomberg L.P., financial news and media company founded by Michael Bloomberg ** Bloomberg News, a news agency ** ''Bloomberg Businessweek'', weekly business magazine and website ** ''Bloomberg Markets,'' a monthly financial magazine ** Bloomberg Radio, a business radio network ** Bloomberg Television, a business news channel ***Bloomberg TV Canada ***Bloomberg TV Philippines ***Bloomberg TV Malaysia ** Bloomberg Terminal, desktop terminal and software widely used in the financial industry ** Bloomberg Data, API product using sftp or web service protocols to retrieve market data ** Bloomberg Government, online news service c ...
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Helsinki Jokerit
Helsingin Jokerit (English: Jokers or Jesters) are a professional ice hockey team based in Helsinki, Finland. The team won six league championships as a member of the Finnish SM-liiga (1973, 1992, 1994, 1996, 1997, and 2002). Jokerit plays its home games at Helsinki Halli. The team was a part of the Bobrov Division of the Kontinental Hockey League (KHL) Western Conference from the 2014–15 season, making Finland the first Nordic country to have a team in the league. On February 24, 2022, Jokerit announced it would withdraw from the 2022 KHL playoffs due to the Russian invasion of Ukraine. Multiple team sponsors including the arena's title sponsor Hartwall announced intentions to end their agreements. On April 5, 2022, Jokerit subsequently announced ending their participation in the KHL completely. And on April 20, 2022, they announced that they are seeking to return to SM-liiga for the 2023–24 season. History The beginning Jokerit would not have existed without the debt-i ...
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Hartwall Arena
Helsinki Halli (formerly Hartwall Arena) is a large multi-functional indoor arena located in Helsinki, Finland. It was opened in April 1997. The arena is convertible for various events. The total seated capacity during ice hockey games is 13,349 (about 14,000 for basketball, for concerts up to 15,000) and as an amphitheatre, it is significantly reduced to between 3,000 to 5,000. The Russian-owned arena has been unused since March 2022 due to EU sanctions related to the Russian invasion of Ukraine. The main sponsor, Hartwall, also ended its sponsorship and the arena's name was changed. Construction and facilities The initiative for building the arena came from Harry "Hjallis" Harkimo in 1994. It was built to be ready for the Ice Hockey World Championships in 1997, and was delivered by the constructor on 11 April 1997. The building is elliptical, 153 metres long and 123 metres wide. It also has a practice arena 37 metres underground, used by many hockey teams. It is connected ...
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Rossiya Bank
The Rossiya Bank (Bank Rossiya (russian: Банк «Росси́я»), in Russian: Акционерный коммерческий банк Россия, АКБ Россия) is a Russian joint stock bank founded on June 27, 1990. The company's headquarters are in Saint Petersburg. The bank has been associated with the Vladimir Putin regime in Russia. The Pandora Papers leak revealed that the bank built a network of shadow companies that kept offshore wealth for Russian elites. History Communist Party ownership and 1991 Soviet coup d'état attempt On August 23, 1990, a secret memorandum from Vladimir A. Ivashko, who was Gorbachev's deputy general secretary, was issued to organize the transfer of CPSU funds, CPSU financing and support of its operations through associations, ventures, foundations, etc. which are to act as invisible economics. Bank Rossiya was one of the hundreds of entreprises that CPSU financiers used to funnel the party gold away. In 1990, the CPSU committee o ...
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Sogaz
SOGAZ is a Russian insurance company. SOGAZ became the first in Russia by written premium (₽142.8 billion or US$2.3 billion) and market share (12.1%) in 2016. The company was formed in 1993 and has direct business in Russia and Serbia. Insurance company SOGAZ as well have shares in many companies and own a number of insurers. SOGAZ partners are leading worldwide reinsurance companies: Munich Re, Hannover Re, Partner Re, Swiss Re, SCOR, Lloyd's of London, and others. SOGAZ - in accordance with national laws - is ceding 10% of total ceded risks under insurance contracts to Russian National Reinsurance Company (RNRC). Credit ratings SOGAZ become the first Russian insurer assigned a long-term credit rating "BBB+" in Russian and foreign currency with a "stable" outlook by Dagong Chinese Rating Agency. A.M. Best has affirmed for SOGAZ (Russia) the Financial Strength Rating of "B++" (Good) and the Long-Term Issuer Credit Rating of "bbb" and revised the outlooks to "stable" from " ...
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STG Group
STG may refer to: Media * Shoot 'em up, (shooting game) a subgenre of the shooter genre of video games * '' Strike Gunner S.T.G'', an arcade video game developed by Athena Military * Sonar Technician surface, United States Navy rating * '' Sturmgewehr'' (StG), German assault rifle * ''Sturzkampfgeschwader'' (StG), in Organization of the Luftwaffe (1933–45) Organizations * School of Transnational Governance, School established in 2017 as part of the European University Institute * Security Threat Group, a prison gang * Somali Telecom Group, a Somalia telecommunications company * Scandinavian Tobacco Group, a Danish cigar and tobacco company * Special Tactics Group, a New Zealand Police counter-terrorism group * Slaves to Gravity, a UK band * Symphony Technology Group, an American private equity firm Science and technology * Superior temporal gyrus in the human brain * Stomatogastric ganglion in arthropods * Steam turbine generator, an electric generator * Spineless Tagless ...
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Luxembourg City
Luxembourg ( lb, Lëtzebuerg; french: Luxembourg; german: Luxemburg), also known as Luxembourg City ( lb, Stad Lëtzebuerg, link=no or ; french: Ville de Luxembourg, link=no; german: Stadt Luxemburg, link=no or ), is the capital city of the Luxembourg, Grand Duchy of Luxembourg and the Communes of Luxembourg, country's most populous commune. Standing at the confluence of the Alzette and Pétrusse rivers in southern Luxembourg, the city lies at the heart of Western Europe, situated by road from Brussels, from Paris, and from Cologne. The city contains Luxembourg Castle, established by the Franks in the Early Middle Ages, around which a settlement developed. , Luxembourg City has a population of 128,514 inhabitants, which is more than three times the population of the country's second most populous commune (Esch-sur-Alzette). The city's population consists of 160 nationalities. Foreigners represent 70% of the city's population, whilst Luxembourgers represent 30% of the populat ...
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