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Wednesday, September 16, 2009

Totaly Useless Info About Mirax

Moscow office of Mirax (hey, Ukrainian one has gone, remember?) fired 90% of its staff during last year. Before the crisis, they have around 3000 employee only at back-office. Now this figure down at only 300 people. As well as field workers - the same amount is.

And who knows how it would have ended if Mirax has not agreed with the Alfa Group, which had serious intentions to get his money back. Actually, this is Morgan Stanley loan to Mirax, which Alfa bought. But yesterday they had agreement to resolve that problem and Mirax may sleep well another 1,5 years.

In my mind, Mirax is biggest and brightest example of what's going on in development market across Russia and Ukraine.