Interros operates in almost all sectors of the Russian economy: finance, machine building, mining, energy generation, oil and gas, construction and utilities, sports and tourism, media, logistics and infrastructure, pharmaceuticals and light industry.
Foreign Trade Consulting
The Soviet era is ending, and the economy is coming apart at the seams. Foreign trade links are breaking down, export and import flows are halting. The existing system has become detached from reality. There is an urgent need for a new generation of competent professionals able to define the rules of the new game on the ruins of the old system.
Banking & Finance
Price liberalization is taking place under Yegor Gaidar’s shock therapy reforms. To be a proficient player on the world market, Russia needs world-class private financial institutions with the resources and competencies to participate in large projects on a national scale.
The Industrial Empire
Voucher privatization is ending and old-school executives, unable to function effectively in a market economy, arrive at the top of industrial enterprises. There is an acute shortage of competent owners. The country is facing a budget crisis, and the financial system is under significant strain. The government has neither the means nor the funds nor the skills to develop the nation’s industry.
The Russian economy is struggling, with low oil prices,the government merry-go-round, and a default. This leads many business people with large holdings to restructure their various assets, in order to build effective, well-structured companies that operate in accordance with worldwide corporate governance standards.
“To Invest is to Infuse with Meaning”
Russia is enjoying a period of economic growth. Business becomes more sophisticated, open and transparent. Many business people who control significant assets see their role changing from industrial tycoons to professional investors, i.e., people who know how to increase valuations through competent use of money to restructure and improve efficiency.
As business develops, it requires a change in methods. Some may prefer a more conservative, cautious approach; others may be drawn to innovation. Some prefer to delegate, while others consider it important to be involved in operations. Partners cannot effectively work together if they do not share a common vision. In the meantime, a global recession is looming.
Global recession hits hard. The silver lining is that it helps to revitalize the economy and changes the perspective on doing business. The business world begins to pay more attention to risk management, internal audit improvements and transparency. This leads to the development of fundamentally different business models.
In February Interros completes the deal for purchase of Petrovax Pharm control stock. Then the group completes the deal for selling ProfMedia to Gazprom-Media. In February and March The 2014 Winter Olympics and Paralympic Games take place in Sochi at Rosa Khutor. Following the results of the events President Vladimir Putin awards Vladimir Potanin and Sergey Bachin Alexander Nevsky orders. Norilsk Nickel continues to carry out successful new strategy. In April the company announces financial results of 2013: nett profit is $2,581 mlrd. Then Interros sales the last 7% shares of Rosbank to Societe Generale thus completing the deal. In April Donors Forum names Vladimir Potanin Person of the Year. In June the first group of Masters of Sport Administration graduates from RIOU. In October Vladimir Potanin Foundation presents a new museum strategy. In November Interros sells Cinema Park net to a specialized investor. In December Norilsk Nickel shareholders approve a 2,5 times dividends growth. At the end of the year World Ski Awards and Travel.ru portal name Rosa Khutor the best ski resort of Russia.
Norilsk Nickel has launches pilot operations at its Arctic based Talnakh concentrator plant as part of a first stage upgrade to improve productivity.
The government of the Russian Federation grants a mining license for Maslovskoye platinum copper nickel deposit, located in the north of the Krasnoyarsk Territory to MMC Norilsk Nickel.
Norilsk Nickel celebrates its 80th anniversary.
Rosa Khutor introduces a package tour comprising
In July, Interros exits Interport — a joint venture with Kratos group.
Vladimir Potanin increases funding of charity programs.
Russia’s Federal Tourist Agency Rostourism and Rosa Khutor start cooperation aimed at development of domestic and international tourism in Russia. In 2015, Rosa Khutor hosted over 1,350 mln gests.
In September, Russian Ministry of Health grants Petrovax Pharm with the full production cycle license for Prevnar 13 pneumococcal vaccine. Thus Pfizer completes the transfer of Prevenar 13 manufacturing process to Petrovax Pharm. Petrovax Pharm expands its sales to Belarus, Armenia, Kyrgyzstan and Uzbekistan.
Norilsk Nickel wins the first place in the Russian Major Companies Corporate Transparency Rating 2015.
Rosa Khutor named best Russian ski resort by World Ski