Press releases | Archive 2008
Global Finance magazine again names RBC Russia's No. 1 media company
Moscow, April 10, 2008 - OAO RBC Information Systems (MICEX, RTS: RBCI) was named the best Russian company in the Media Sector in 2008 in the ranking of the top Russian companies and banks prepared by the Global Finance magazine.
Global Finance editors - with input from industry analysts, corporate reports and other expert sources - selected the best companies and banks in particular market sectors on a variety of criteria, both objective and subjective. Factors considered included market share, profitability, evidence of long-term strategy, management quality and commitment to improvement in corporate governance.
The list of "Russia's best banks and companies 2008" will be published in Global Finance magazine's June issue. The awards ceremony to honor Russia's top companies is scheduled for April 21 and will take place in London simultaneously with the Russian Investment Roadshow (Russian Economic Forum).
"Russian banks and companies had a remarkable year in 2007," says Global Finance publisher Joseph D. Giarraputo. "And there's every evidence that may continue in 2008. While commodity prices' strength clearly played a large part in the robustness of the Russian economy, it was the unmistakable signs of movement towards real corporate restructuring that was so heartening, particularly in relation to a growing commitment to good corporate governance."
Commenting on the results of the ranking, RBC General Director Yury Rovensky noted that this is the third time experts rated the company among the best: "RBC's top rating is a very good sign proving the company's successful development on the back of the growing competition on the Russian media market. We have been steadily on track in fulfilling our plans, paying prime attention to the development of the company's electronic mass media, and particularly Internet business. We believe in diversification of our media resources and revenue streams, tapping into new niches and expanding our regional presence," Yury Rovensky said.