Rostec Corporation


Rostec, formerly Rostekhnologii is a Russian state holding company that can be characterized as a National Wealth Fund established in late 2007 to promote development, production and export of hi-tech industrial products for civil and defense sectors. It brings together 663 entities which form 13 holding companies. Eight holding companies operate in the defense-industry complex and five of them are involved in civil sectors. Rostec’s organizations are located in 60 constituents of the Russian Federation and supply goods to over 70 countries worldwide.

Rostekhnologii was founded in 2007 as so called "state corporation", a very special type of legal entity in Russia. The state corporation is established by equity contribution made by the Russian Federation. The organization is headed by Sergey Chemezov. Its headquarters are located in Moscow.

Official site.
 

Promising candidate

Officials03.02.2017

Former Defense Minister Anatoly Serdyukov can become the deputy head of the state corporation Rostec.

Karimov's Polyus warned of the risk of loss of Sukhoi Log due to sanctions

Business30.01.2017

Said Kerimov's Polyus, which recently received a license to develop Russia's largest gold deposit of Sukhoi Log, warned investors about the risk of losing it. This can happen in the case of the new Western sanctions against its partner in the project, Rostec. 

Kurganmashzavod in the grippy hands of Sergey Chemezov

Business27.01.2017

Why Rostec headed by Sergey Chemezov is grabbing a bankrupt plant and how the state corporation will negotiate with Tractor Plants owned by Mikhail Bolotin and Albert Bakov.   

Kerimov and Rostec won an auction for the biggest gold deposit

Business27.01.2017

The largest Russia's gold deposit was given without struggle to a recently created company SL Zoloto, a joint venture of Said Kerimov's Polyus and Rostec, for 9.4 billion rubles. After the auction, Rostec will get $141 million for 23.9% of the joint venture from its partner.   

Jugra Bank was the leader in losses in 2016

Business25.01.2017

The most unprofitable bank in 2016, excluding credit institutions rehabilitated, became Jugra Bank, which lost 32.2 billion rubles. Only BM Bank, which is currently under rehabilitation, lost more. 

Rostec and AFK Sistema looking for a partner to create an electronics enterprise

Business22.01.2017

Neither party might have a control stake in the joint venture, and Sistema wants to manage it. 

Stanislav Chemezov joined the Manturov's family business

Officials18.01.2017

Denis Manturov became a millionaire thanks to a successful marriage.

Yars is hampered by the plant

Business10.01.2017

The developer of mobile ground systems encountered problems in their production.

Antinational ranking: Kerimovs' Polyus

Business30.12.2016

The owners of Polyus have a special day. With the leave of the Fitch rating agency from Russia, Kerimov will have less unsatisfactory investment assessments.   

AvtoVAZ attracted South Korean supplier of components to Russia

Business28.12.2016

AvtoVAZ attracts foreign component suppliers to the Russian production sites, said General Director of Rostec, Sergey Chemezov. Thus, the car factory managed to convince the South Korean Daewon, which makes frames for car seats, to place its production in Izhevsk.

The fate of Uralvagonzavod

Business28.12.2016

Rostec is creating a tank monopoly.

Norilsk Nickel to buy 1.5 million tons of Soviet copper concentrate from Rostec

Business28.12.2016

Raw materials, which have been kept in the State Fund since 1980, will cost the company 67.5 billion rubles.

AvtoVAZ reduced the number of employees by 7%

Business28.12.2016

The dynamics has slowed in comparison with 2015 amid the market stabilization, but there's still the problem with surplus labor force.   

VTB wants to mine gold

Business23.12.2016

Joint venture of the bank and businessman Ibrahim Palankoev filed an application for participation in the auction for the sale of the license for the deposit Sukhoy Log.

Rostec to spend $6 billion for the purchase of electronic assets

Business19.12.2016

Its revenue in this segment is expected to grow to 1.5 trillion rubles by 2025 .

Blow under Progress

Business19.12.2016

Who will get control of the Russian space.

Sporty "withdrawal" of Chemezov

Officials15.12.2016

Chemezov "presented" the Meteor sports complex to Novikombank. Will the head of Rostec hide the withdrawal of another billion by revaluation of that asset?  

Sberbank failed to sell the shopping centers on Novy Arbat

Business02.12.2016

Not a single bid has been submitted to the auction.  

Alexander Vinokourov breaks in Rostec

Business02.12.2016

According to Russian media, the head of the investment division of Rostec Corporation, Andrey Korobov, is supposedly leaving his post soon. He will be replaced by the head of the investment company A1, Alexander Vinokourov, who is married to the daughter of Russian Foreign Minister Sergey Lavrov, Katerina. And this is the main advantage of this investment banker.

Modernization and label pasting

Business21.10.2016

The FAS has found supplies of foreign electronics under the guise of Russian.

Rogozin asked Putin to change the management of Uralvagonzavod

Officials05.10.2016

And to transfer the company itself to Rostec Corporation.

Subsidiary of Rostec wants to produce the most expensive vaccine

Business02.10.2016

So far the state buys the medicine from Pfizer and its partner Petrovax farm.

Ruslan Baysarov will create "Russian Alibaba"

Business27.01.2016

Businessman Ruslan Baysarov wrote a letter to Vladimir Putin saying that he would like to participate in the creation of an online platform for the sale of Russian goods abroad.

Rostec head's old friend will help the corporation to conquer the insulin market

Business26.10.2015

Rostec headed by Sergey Chemezov, together with Vitaly Maschitsky, an old friend of the head of state corporation, will become a significant player on the market of state orders on insulin. Previously, Rostec entered the market of vaccines and other medicines for state procurement.

What happened to Skolkovo

Business23.03.2015

Skolkovo Innovation Center was eastablished to show the world the triumph of the Russian science, but in recent years the project had been plagued by failures. Why Medvedev's modernization project stalled, as investigated by RBC reporters.

How to make money on friendship with Sergey Chemezov

Business02.12.2014

Vitaly Maschitsky is planning projects with Rostec worth billions of dollars.

KamAZ to be rolled back to the state

Business22.01.2014

VEB and Rostec claim 23.5% of KamAZ shares intended for Daimler.

KAMAZ in the turbulence zone

Business20.12.2013

The automaker in Naberezhnye Chelny is forced to adjust its strategic plans literally on the move. It seems that it is time for Sergey Kogogin to immediately fire his analysts and financiers.