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October 2008, Vol.3, No. 9

October 2008, Vol.3, No. 9

Anti-crisis managers seeking solutions to financial woes

The terms ‘volatility’ and ‘fragility’ as well as well ‘panic,’ ‘redemption packages,’ ‘uncertainty over who is next,’ ‘sacrificial lamb’ etc., became the most frequently heard words/phrases across major global stock exchanges in mid-September as key equity indices, including the Russian blue-chips, repeatedly swapped pluses with minuses and vice-versa as U.S. market regulators and leading world...

Economy

Global equity turmoil causes panic on the Russian market

The terms ‘volatility’ and ‘fragility’ as well as well ‘panic,’ ‘redemption packages,’ ‘uncertainty over who is next,’ ‘sacrificial lamb’ etc., became the most frequently heard words/phrases across major global stock exchanges in mid-September as key equity indices, including the Russian blue-chips...

 

Economy

The global crisis and the Russian hospitality industry

Louie Beck,the general manager of the Korston Hotel & Casino Moscow, talks about the impacts of the crisis on the Russiab hospitality industry...

Editorials

Russia uses its robust economy to woo global investors

In another pragmatic move after its victory in the ‘five-day Caucasian war,’...

 

Economy

Impacts of the global crisis on the Russian banking industry

Oleg Vyugin, board chairman, MDM Bank, shares his view on the possible impacts of the crisis on the Russian banking industry...

Economy

The impacts of the global crisis on the Russian M&A market

Troika Dialog Group Chairman Ruben Vardanian talks on the possible impacts of the crisis...

 

Special Industry Reports

The Russian catering services market

A review of the Russian catering services market highlights major trends...

Hotels & Restaurants Guide

Ongoing reconstruction to transform Ukraine Hotel into a five-star property

The ongoing reconstruction of the Ukraine Hotel expected to be completed in 2010 will upgrade the property into a five-star asset...

 

Hotels & Restaurants Guide

National completes the first stage of grandiose multiphase reconstruction

National Hotel has completed the renovation of its rooms at a cost of over $10mln in line with the general trends...

Hotels & Restaurants Guide

A new managing director to run AZIMUT Hotel St. Petersburg

Alexei Dereglazov has been appointed the new general director of AZIMUT Hotel St. Petersburg, a 1,000 rooms facility...

 

Business & Finance

Analysis of Russian companies’ dividend policies

The level of dividend payments is one of the basic factors used by investors...

Corporate Litigations

Warring TNK-BP shareholders reach tentative agreement on terms for truce

The first signs that the fighting Russian and British shareholders in the TNK-BP oil joint venture are now tired from their exhaustively ugly public battles...

 

Corporate Litigations

Evroset co-owner interrogated over criminal cases against company employees

Evroset co-owner Yevgeny Chichvarkin was interrogated in September by the General Prosecutor’s Office Investigations Committee...

Corporate Litigations

Russian consumer rights oversight agency to fight tobacco firms in court

The ‘allergy’ of the Russian consumer rights oversight agency (Rospotrebnadzor) for the actions of tobacco corporations and their lobbyists, directed at drawing more Russians to...

 

Major Events of the Month

Top State Department official calls for patience in U.S. relations with Russia

Addressing the U.S. Senate’s Foreign Affairs Committee in September, William Burns, deputy U.S. State secretary and previously the U.S. ambassador to Moscow, said...

Major Events of the Month

Foreign Ministry calls on the West to define their relations with Saakashvili

Addressing the Foreign Affairs Committee of the Federation Council in September, Russian Foreign Affairs Minister Sergei Lavrov called on Russia’s Western partners...

 

Major Events of the Month

Antitrust Agency to increase limit of deals requiring permission to $400mln

The Federal Antimonopoly Service (FAS) has proposed raising the size of deals requiring official clearance...

Major Events of the Month

Western companies still intent on investing in Russia, despite Georgia conflict

Going by the opinions of the speakers at a London conference in September titled, Russia: Opportunities and Challenges...

 

Major Events of the Month

WB gives Russia high grades for its preparedness against crisis phenomena

The World Bank (WB) sees the fundamentals of the Russian economy in exceptionally good shape...

Major Events of the Month

Volume of Russia’s investments in U.S. mortgage banks shrinks to $30bln

The volume of investments in the bonds of battered U.S. mortgage corporations Fannie Mae, Freddie Mac and FHLB has decreased...

 

Business News

PIK Group and Finservis Bank launch joint mortgage program

The PIK Group of Companies (PIK), one of the largest developers of residential real-estate properties in Russia, and Finservis Bank launched the Novostroika mortgage program...

Business News

C&W/S&R lures rival’s top executive to top marketing post

Cushman & Wakefield Stiles & Riabokobylko (C&W/S&R) has appointed Marina Galitskikh as the company’s new director for...

 

Business News

Mirax Group to build educational and scientific center for Moscow Medical Academy

Mirax Group Corp. celebrated in September the completion of the first phase of the development of the Ninth Campus of the Pharmaceutical Faculty...

Interviews

Provision of top-quality website-design services

Kirill Vasiliev, the co-founder and CEO of IQB Group, talks about his company...

 

Economy

Possible impacts of the global crisis on the Russian real-estate industry

Ivan Zavadsky, an analyst with Capital Investment Group, comments on the crisis and its probable consequences for the Russian real-estate industry...