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Baltika Liepāja
Baltika Brewery () is the second largest brewing company in Europe, and the leader of the Russian beer market with over 38% market share. It is headquartered in St. Petersburg. Following the Russian invasion of Ukraine, Carlsberg Group attempted to sell the company, but in July 2023 the Russian government seized its assets under the rules for businesses from the Unfriendly Countries List. Carlsberg Group divested its shares in Baltika in December 2024. History Baltika Breweries launched production in St. Petersburg in 1990. It was co-founded by Afghan-born Naif Achakzai and Nikita Kefirov. After privatization in 1992, the company was reorganized into an open joint stock company. In 1993 Baltic Beverages Holding Brewing Concern became the company's largest shareholder. In 1998, the name of the enterprise was changed to Open Joint Stock Company Baltika Breweries. 2000 saw the opening of the largest Soufflet Malting Plant in Russia built by Baltika in St. Petersburg, together w ...
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Limited Liability Company
A limited liability company (LLC) is the United States-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. An LLC is not a corporation under the laws of every state; it is a legal form of a company that provides limited liability to its owners in many jurisdictions. LLCs are well known for the flexibility that they provide to business owners; depending on the situation, an LLC may elect to use corporate tax rules instead of being treated as a partnership, and, under certain circumstances, LLCs may be organized as not-for-profit. In certain U.S. states (for example, Texas), businesses that provide professional services requiring a state professional license, such as legal or medical services, may not be allowed to form an LLC but may be required to form a similar entity called a professional limited liability company (PLLC). An ...
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Management Buyout
A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management- and/or leveraged buyouts became noted phenomena of 1980s business economics. These so-called MBOs originated in the US, spreading first to the UK and then throughout the rest of Europe. The venture capital industry has played a crucial role in the development of buyouts in Europe, especially in smaller deals in the UK, the Netherlands, and France. Overview Management buyouts are similar in all major legal aspects to any other acquisition of a company. The particular nature of the MBO lies in the position of the buyers as managers of the company and the practical consequences that follow from that. In particular, the due diligence process is likely to be limited as the buyers already have full knowledge of the company available to them. The seller is also unlikely to give any but the most ...
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Yaroslavl
Yaroslavl (; , ) is a city and the administrative center of Yaroslavl Oblast, Russia, located northeast of Moscow. The historic part of the city is a World Heritage Site, and is located at the confluence of the Volga and the Kotorosl rivers. It is part of the Golden Ring, a group of historic cities northeast of Moscow that have played an important role in Russian history. The population of the city at the 2021 census was 577,279. History Reportedly the capital of an independent Principality of Yaroslavl from 1218, it was incorporated into the Grand Duchy of Moscow in 1463. In the 17th century, it was Russia's second-largest city, and for a time (during the Polish occupation of Moscow in 1612), the country's de facto capital. Today, Yaroslavl is an important industrial center (petrochemical plant, tire manufacturing plant, diesel engines plant and many others). It developed at the confluence of major rivers, which were important for transportation and, later, for power. Be ...
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Khabarovsk
Khabarovsk ( ) is the largest city and the administrative centre of Khabarovsk Krai, Russia,Law #109 located from the China–Russia border, at the confluence of the Amur and Ussuri Rivers, about north of Vladivostok. As of the 2021 Russian census, it had a population of 617,441. It was known as ''Khabarovka'' until 1893. The city was the administrative center of the Far Eastern Federal District of Russia from 2002 until December 2018, when the status was given to Vladivostok. As is typical of the interior of the Russian Far East, Khabarovsk has an extreme climate with strong seasonal swings resulting in strong, cold winters and relatively hot and humid summers. History Earliest record Historical records indicate that a city was founded on the site in the eighth century. The Tungusic peoples are indigenous to the city's vicinity. The city was named ( zh, t= 伯力, p=Bólì, labels=no) in Chinese when it was part of the Chinese empire. During the Tang dynasty, Boli was th ...
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Tula, Russia
Tula (, ) is the largest city and the administrative center of Tula Oblast in Russia, located south of Moscow. Tula is located in the northern Central Russian Upland on the banks of the Upa (river), Upa River, a tributary of the Oka (river), Oka. At the Russian Census (2010), 2010 census, Tula had a population of 501,169, an increase from 481,216 in 2002, making it the List of cities and towns in Russia by population, 32nd-largest city in Russia by population.A primarily industrial types of inhabited localities in Russia, city, Tula was a fortress at the border of the Principality of Ryazan. The city was seized by Ivan Bolotnikov in 1606 during the Time of Troubles and withstood a four-month siege by the Tsar's army. Historically, Tula has been a major centre for the manufacture of Weapon, armaments. The Demidov family built the first armament factory in Russia in the city, in what would become the Tula Arms Plant, which still operates to this day. Tula is home to the Klokovo (a ...
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Samara
Samara, formerly known as Kuybyshev (1935–1991), is the largest city and administrative centre of Samara Oblast in Russia. The city is located at the confluence of the Volga and the Samara (Volga), Samara rivers, with a population of over 1.14 million residents, up to 1.22 million residents in the urban agglomeration, not including Novokuybyshevsk, which is not conurbated. The city covers an area of , and is the List of cities and towns in Russia by population, eighth-largest city in Russia and tenth agglomeration, the Volga#Biggest cities on the shores of the Volga, third-most populous city on the Volga, as well as the Volga Federal District. Formerly a closed city, Samara is now a large and important social, political, economic, industrial, and cultural centre in Russia and hosted the European Union—Russia Summit in May 2007. It has a continental climate characterised by hot summers and cold winters. The life of Samara's citizens has always been intrinsically linked to the V ...
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Rostov-on-Don
Rostov-on-Don is a port city and the administrative centre of Rostov Oblast and the Southern Federal District of Russia. It lies in the southeastern part of the East European Plain on the Don River, from the Sea of Azov, directly north of the North Caucasus. The southwestern suburbs of the city lie above the Don river delta. Rostov-on-Don has a population of over one million people and is an important cultural, educational, economic and logistical centre of Southern Russia. History Early history From ancient times, the area around the mouth of the Don River has held cultural and commercial importance. Ancient indigenous inhabitants included the Scythian and Sarmatian tribes. It was the site of Tanais, an ancient Greek colony, Fort Tana under the Genoese, and Fort Azak in the time of the Ottoman Empire. In 1749, a custom house was established on the Temernik River, a tributary of the Don, by edict of the Empress Elizabeth, the daughter of Peter the Great, in orde ...
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Novosibirsk
Novosibirsk is the largest city and administrative centre of Novosibirsk Oblast and the Siberian Federal District in Russia. As of the 2021 Russian census, 2021 census, it had a population of 1,633,595, making it the most populous city in Siberia and the list of cities and towns in Russia by population, third-most populous city in Russia after Moscow and Saint Petersburg. Additionally, it is the largest city in the Asian part of Russia and the most populous city in the country that does not have the status of a Federal subjects of Russia, federal subject. Novosibirsk is located in southwestern Siberia, on the banks of the Ob River. Novosibirsk was founded in 1893 on the Ob River crossing point of the future Trans-Siberian Railway, where the Novosibirsk Rail Bridge was constructed. Originally named Novonikolayevsk ("New Nicholas") in honor of Nicholas II of Russia, Emperor Nicholas II, the city rapidly grew into a major transport, commercial, and industrial hub. Novosibirsk was r ...
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Voronezh
Voronezh ( ; , ) is a city and the administrative centre of Voronezh Oblast in southwestern Russia straddling the Voronezh River, located from where it flows into the Don River. The city sits on the Southeastern Railway, which connects western Russia with the Urals and Siberia, the Caucasus and Ukraine, and the M4 highway (Moscow–Voronezh– Rostov-on-Don– Novorossiysk). In recent years the city has experienced rapid population growth, rising in 2021 to 1,057,681, up from 889,680 recorded in the 2010 Census, making it the 14th-most populous city in the country. History Foundation and name The first chronicle references to the word "Voronezh" are dated 1177, when the Ryazan prince Yaropolk, having lost the battle, fled "to Voronozh" and there was moving "from town to town". Modern data of archeology and history interpret Voronezh as a geographical region, which included the Voronezh river (tributary of the Don) and a number of settlements. In the lower rea ...
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Baku
Baku (, ; ) is the Capital city, capital and List of cities in Azerbaijan, largest city of Azerbaijan, as well as the largest city on the Caspian Sea and in the Caucasus region. Baku is below sea level, which makes it the List of capital cities by elevation, lowest lying national capital in the world and also the largest city in the world below sea level. Baku lies on the southern shore of the Absheron Peninsula, on the Bay of Baku. Baku's urban population was estimated at two million people as of 2009. Baku is the primate city of Azerbaijan—it is the sole metropolis in the country, and about 25% of all inhabitants of the country live in Baku's metropolitan area. Baku is divided into #Administrative divisions, twelve administrative raions and 48 townships. Among these are the townships on the islands of the Baku Archipelago, as well as the industrial settlement of Neft Daşları built on oil rigs away from Baku city in the Caspian Sea. The Old City (Baku), Old City, conta ...
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Russian Accounting Standards
Russian Accounting Standards (RAS; ), also called Russian Accounting Principles (RAP) or Russian GAAP or GAAP (Russia), refer to the body of regulatory documents concerning financial accounting and reporting standards in the Russian Federation. For historical reasons, the Russian Accounting Standards framework has been determined by the state, rather by professional bodies. The primary users of RAS are state and tax authorities, rather than management or third parties. RAS financial statements must include balance sheet, income statement, statement of changes in equity, cash flow statement and explanatory notes. Under RAS, a specific layout is mandatory for the balance sheet and other statements. The Russian government has been striving to harmonize Russian Accounting Standards with IFRS since 1998. The Law No. 208-FZ introduced IFRS into Russian legislation in 2010. Since 2012, IFRS have increasingly been adopted in Russia, and they are mandatory for consolidated financial stat ...
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Federal Agency For State Property Management
The Federal Agency for State Property Management (Rosimushchestvo) () is a subdivision of the Russian Ministry of Economic Development that manages Russia's federal state property. History The agency was formed by a presidential decree, No.314, signed on March 9, 2004, by Vladimir Putin Vladimir Vladimirovich Putin (born 7 October 1952) is a Russian politician and former intelligence officer who has served as President of Russia since 2012, having previously served from 2000 to 2008. Putin also served as Prime Minister of Ru ..., of the Ministry of Property Relations of Russia and subordinated to the Ministry of Economic Development and Trade. Before this, in 1990 – 2004 its functions were performed by a separate ministry known by the following names: * July 14, 1990 – September 23, 1997: State Committee for State Property Management of the Russian Federation (GKI, Goskomimushchestvo) (in Russian: Государственный комитет Российской Фе ...
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