October 2010, Vol. 5, No. 9
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The brains behind STP Global’s sparkling success
STP Global CEO represents the rare breed of talented foreigners, who did not only get their university education in Russia, but also were able to maximize the business opportunities offered by the post-communist state not only to positively transform their lives, but also those of their relatives and communities. His meteoric rise from a poor Indian student in Moscow in the mid-1990s to becoming the founder and CEO of a multinational corporation with offices in several countries epitomizes the type of true-life success stories that TRCW will always proudly showcase on its front page as a positive case study on Russia … |
Kremlin outlines five criteria for ‘a bonafide democracy’ for the 21st centuryExplaining the need for such a set of universal criteria, Medvedev noted that the issue of whether Russia is democratic or not stems from different views on democracy... |
Russia’s summer natural fires and their impacts on the citizens and economyWithout any doubts, the summer months of 2010 will go down as the worst period in contemporary Russian history in terms of scale of damages caused by heat and draught... |
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Media wars against Kremlin foes highlight lack of press freedom in RussiaThe inability of these media executives to have foreseen justifiably negative interpretations of their actions and roles indicates blatant lack of professionalism and personal will... |
Russian President Dmitry Medvedev turns 45However, there were no major public actions planned for the day, as the president preferred to spend mark the occasion in a family circle in Sochi... |
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A fairy-tale like journey to self-made millionaire in less than a decadeA true-life success story that highlights unlimitedness of human possibilities and business opportunities available in Russia for hardworking and result-oriented foreigners... |
Globalization and its economic prospects for RussiaModern globalization envisages the formation of a uniform business space and economic internationalization of labor forces, goods and capital and their free mobility across national borders... |
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Putin’s Mechel criticism and commendationA case study of key issues influencing business owners, CEOs and their companies’ fates in Russia... |
Russian businesses support Kremlin’s call to help summer wildfires victimsThe president expressed gratitude to the business executives at the meeting for showing compassion to those in acute need... |
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Immortalization of reformation epoch in modern Russian historyEx-friends and colleagues have called the installation of the monument ‘one more proof of public recognition’ of Gaidar’s meritorious services to Russia... |
Presentation of new company NIKA’s brand logotypeAccording to NIKA's management, the idea behind the changes in the company’s trademark reflects the maturity of the company, which celebrates its seventh foundation anniversary this year... |
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Russia and Iceland searching for new ways of boosting cooperation in new spheresIceland's prime minister noted his country’s longstanding friendship with Russia that has developed over decades, which have created a formidable foundation for cooperation... |
Russia and Norway demarcate spheres of interest in Barents Sea and Arctic OceanFrom his part, Stoltenberg called the agreement a landmark in both countries’ histories... |
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Russia and South Korea confirm adopted course on building strategic partnershipThe South Korean president, from his part, noted that this year marks the 20th anniversary of the establishment of diplomatic relations between Moscow and Seoul... |
New general managers take over helms at Holiday Inn Moscow Suschevsky and LesnayaIn their new capacities, the new executives plan to boost the potential of their hotels as one of Moscow’s top hospitality facilities with outstanding services... |
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Company HRS continues regional expansion in CIS by opening an office in KazakhstanHRS’ constant presence in Almaty will enable it to be closer to its clients and also strengthen its positions in the republic and other Central Asian countries... |
Moscow City Hall plans to double the number of hotels in the capital by 2020The official plans envisage opening or reconstruction of 21 hotels with 5,160 rooms in 2010 and 23 hotels with 5,600 rooms in 2011... |
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Volatility and uncertainty continue to remain key features of demand for hotel servicesThe expert, however, says there are some positive tendencies, such as an upturn in demand for overnight stays and additional services, where demand fell by 30% in 2009... |
Hyundai opens autoplant with the highest production localization level in RussiaRussian Prime Minister Vladimir Putin, who was present at the official opening ceremony of the factory, highly appreciated the work done by the Hyundai management... |
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World Bank seeking ways to acquire Russian banks’ ‘toxic’ debtsAccording to IFC, a subsidiary of WB, the volume of toxic credits in Russia is expected to reach $70bln by yearend... |
Rosneft’s new president becomes company’s minority shareholderCommenting on his acquisition, Khudainatov noted that investment of personal finances in Rosneft was an issue of priority for him as the company’s CEO... |
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New START ratification antagonists are harming U.S. security interestsThe senator noted that the distinction in positions between the Democrats and Republicans on ratification reflects their internal political opposition... |
False start leads to registration and deregistration of the ‘Putin2012.rf’ domainThe Federal Protection Service has withdrawn the applications for the registrations of nine domain names in the .rf zone, which can be seen as pre-election campaign programs... |
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The price of stabilization of the North Caucasus estimated at 600 bln rublesThe estimated cost, in addition with private investments, is about 600bln rubles and realization of these projects is expected to begin soon... |
State Duma’s LDPR legislators offer to put a special mark on convicted bribe takersIgor Lebedev, the head of the LDPR faction in the State Duma, and other party members, have proposed putting ‘a special indelible label’ in a form of letter ‘K,’ from the Russian word for corruption, on the back of bribe takers’ palms... |
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The state should become the object and not the tool for modernizationSpeaking at the World Political Forum in September in Yaroslavl, Sberbank CEO German Gref said the success of reforms in Russia calls for, first and foremost, modernization of the Russian government... |
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