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July 2011, Vol. 6, No. 6

July 2011, Vol. 6, No. 6

Europe on the threshold of an oriental medicine boom

The boom will be driven by an Oriental Medicine Center project that envisages the creation of a chain of oriental medical centers across Europe. According to Fatima Zakharova, the venture's author and chief coordinator, the project will revolutionize people’s lives, and, most importantly, their relationship to personal health, as it will also directly help the issue of rapidly increasing dissatisfaction with conventional medicine therapy. This is a very bold and highly ambitious socio-medical business project, a fact that made us profile the entrepreneurial brain behind the venture on our front page …  

Business & Finance

Highlights of St. Petersburg’s major events in figures and photographs

The forum was attended by 5,000 delegates, including five heads of states, over 220 CEOs of foreign companies and 500 local firms CEOs...

 

Editorials

Belarus economic disaster coverage shows Russia’s press at its finest best

Russian media CEOs, by raising the standard of their Belarus economic debacle coverage to a sky-high level, have set for themselves a new yardstick...

Business News

Reappointed Russian Railways Corp. chief highlights railway development plans

Vladimir Yakunin, the president of Russian Railways Corp., reappointed for in June, has disclosed ambitious plans to further develop the state company...

 

Major Events of the Month

EU does not see the ‘vegetable scandal’ as a cataclysm in its relations with Russia

Commenting on this issue, Valenzuela conceded the existence of sticky issues between Russia and EU, including on trade and sanitation concerns...

Hotels & Restaurants Guide

Robust growth in investor confidence boosts hotel market recovery in the EMEA region

At least, that is the obvious conclusion that can be drawn from the upbeat results of a study of investor sentiments in the EMEA hospitality sector...

 

Corporate Events

Air France’s ‘Action Plan for Russia’ success places it in a vantage position

The enormous work done within this policy has boosted the overall customer satisfaction with the airline’s services by as much as 10% within a year...

Major Events of the Month

The stallion, nicknamed “the king” reigns supreme at the Russian President Horse Racing event

Apart from Russian President Prize event, other equestrian competitions included the National Endowment and the Tatarstan President Prize horse races...

 

Politics

Matviyenko to make history as Senate’s first female speaker and third official in Russia

Supporting Matviyenko’s candidacy, President Medvedev said the appointment of a woman to one of the government's key posts will only contribute to Russia's rapid modernization...

Business News

Moscow and Ivanovo Region pen a broad cooperation agreement

Commenting on the penned document, Ivanovo Region Gov. Mikhail Men stressed that the agreement is aimed at preserving all the existing accords signed by the two partners...

 

Interviews

Unification of Russia and Europe via oriental medicine clinics project

Fatima Zakharova, the author and chief coordinator of the project, says the goal is to set up oriental medical centers under the Harmony brand across Europe...

Business News

This summer traveling with Alitalia becomes more comfortable

The new policy aimed at boosting its passengers’ comfort includes provision of special privileges to clients that will purchase tickets between now and end of September...

 

Business News

Russia’s national carrier Aeroflot declared best airline in Eastern Europe in 2011

Aeroflot, Russia's largest airline, received the international prize SkyTrax World Airline Award as the “Best Airline in Eastern Europe in 2011” at Bourget...

Business News

Increasing cases of blinding pilots with lasers pose threat to flight safety

The latest incident occurred in mid-June in Rostov-on-Don, when the crew of UTair airline's B737 was blinded on its approach to the local airport...

 

Business News

Home Credit hires a new top executive for its Moscow business operations

The new executive, Alexei Karchazhkin, will be in charge of banking products sales, service quality level and network development in Moscow and Moscow Region...

Business News

Ford and Sollers pen an agreement on creation of a new auto JV business in Russia

The agreement was penned by Ford Europe chairman and CEO and Sollers CEO Vadim Shvetsov at an official ceremony attended by Prime Minister Vladimir Putin...

 

Hotels & Restaurants Guide

Ararat Park Hyatt Moscow to host Kings and Heads of State Chefs summit

The event will be attended by Kremlin’s Chef Jerome Rigaud, U.S. President Barack Obama’s chef Cristeta Comerford and the chefs of other influential world leaders...

Hotels & Restaurants Guide

Binbank president intends to become a Moscow Hotel co-owner

The funds received from Binbank's CEO will be used to buy off the U.S. perfume magnate, Ronald Lauder, who has decided to exit the joint venture...

 

Hotels & Restaurants Guide

National Hotel in government's official privatization plan for 2011-13

The details of selling the historic hotel are contained in a resolution, which says ‘the decision was taken in order to raise additional revenue in the city’s budget...

Hotels & Restaurants Guide

Marriott Moscow Royal Aurora collects series of awards for quality service

Commenting on these awards, Bert Fol, hotel’s general manager, noted that these awards serve as a great impetus to staff to work further and become guests’ No. 1 hotel”...

 

Major Events of the Month

Kremlin set to ratify trilateral common Monetary Policy Principles Pact

Specifically, the document obliges its signatories to aim their monetary strategies at gradual harmonization of economic policies and boosting confidence...

Major Events of the Month

A state subcommittee endorses alcohol importation licensing abolition

According to the official data, the decision was made in order to prevent dual licensing on alcoholic beverages importations...

 

Major Events of the Month

Gazprom disposing non-core assets as it puts Gazprombank stake on sale

This decision is aimed at removing non-core assets from Gazprom's books, company's CEO Alexei Miller said, speaking at the St. Petersburg Economic Forum...

Major Events of the Month

Economic Development Ministry expects capital flight rate to increase in 2011

Speaking at a press briefing in June, Deputy Economic Minister Andrei Klepach said he would exclude the possibility of capital flight from Russia rising...

 

Major Events of the Month

Russia intends to protect domestic companies after joining the WTO

Speaking at a meeting on Russian position on WTO, Prime Minister Putin stressed that WTO membership does not automatically open local markets to foreign goods...