NYSE Money Sense

A new online experience at NYSE Money Sense offers information and guidance about responsible finance. Brought to you by NYSE Euronext’s Financial Literacy Advisory Committee, NYSE Money Sense content is free for consumers, and listed companies are encouraged to distribute it to their employees.

Rally for Russia

NYSE Euronext hosts its first Russia Business and Investment Summit.

Print E-mail |

The Summit brought together major players in the Russian financial market.

Last fall’s inaugural Russia Business and Investment Summit at the NYSE brought investors together with top executives from a variety of industries, providing a window into Russia’s capital markets, business environment and economy — now the world’s 11th largest, based on nominal GDP.

“Our members in the U.S. and Europe offer great enthusiasm about the potential they see in the Russian market,” says Diederik Zandstra, head of international listings at NYSE Euronext. He and the other panelists discussed the country’s challenges as well as changes that might improve its risk profile, such as its anticipated WTO accession. “It will provide a reliable set of rules for access to what we consider to be a very attractive market,” says Zandstra, who anticipates that more Russian companies will join the four already listed. The current issuers, including VimpelCom Ltd. (NYSE: VIP), have a combined market capitalization of about $55 billion.