March 2009, Vol. 4, No. 2
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The crux of Putin’s Davos economic doctrine
Two issues changed the tone of this year's Economic Forum in Davos. The first was that the conference, as expected, was turned into an adhoc anticrisis arena for the world’s best brains seeking solutions to the global financial meltdown. The second, however, came as a surprise, as Vladimir Putin was chosen to present the forum's keynote address. Known for his direct-talk style, the Russian prime minister exceeded all expectations, offering a new insight into global economy dubbed by experts as "Putin’s Davos economic doctrine."... |
The Russian equities market monthly roundupThe seriously battered Russian equities market showed faltering signs of life in February, as its two major bourses — RTS and MICEX — exhibited divergent trends that reflected the global crisis-instigated instability in the local economy... |
Recurrent crises in Capitalism call for a new economic modelEU leaders gathered in Berlin in February ahead of the larger April G20 meeting in London to seek a new and better form of Capitalism, devoid of cyclical crises that have become the bane of today’s free market economy... |
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Luzhkov approves new development concept for Ismailovo Hotel ComplexMoscow Mayor Yuri Luzhkov has approved a new development concept for the Ismailovo Hotel Complex aimed at raising the property built for the Moscow 1980 Olympics to a new level of hospitality services... |
Park Inn Pribaltiyskaya Hotel gets a new general managerLizette Botha, the South African born hospitality guru, whose previous jobs included top management positions in leading international hotels, has been appointed the general manager of Park Inn Pribaltiyskaya Hotel... |
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General tour operators selected for Eurovision-2009 Songs ContestIntourist and Akademservice have been chosen as the general tour operators for the Eurovision-2009 Songs Contest scheduled to take place in Moscow from May 1-16... |
Grand Hotel Europe remains the only Russian property in the world’s Top 500The St. Petersburg-based Grand hotel Europe has retained its leading position, evident in its being the only Russian hospitality asset ranked in this year’s World’s Best 500 Hotels... |
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Kremlin sacks several governors over poor crisis managementFour regional governors have found themselves on the labor market after the Kremlin made true its promise to fight lack of talents and management expertise... |
Russia hopes for full membership role in G8’s economic affairsAlexei Kudrin, the Russian deputy prime minister, who also doubles as the finance minister, says it is time for Russia to gain full membership role in G8's economic affairs... |
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Forensic auditing reduces Sochi Olympic construction expenditures by 300bln.rubsIndependent forensic auditing carried out by the state on the estimated Sochi Olympic construction expenditures has revealed that the figures were bloated by 300bln.rubs... |
Titans of Russian oil industry fall afoul of antirust lawsThe Russian Antitrust Agency has filed suits against titans of the Russian oil market in an effort to rein in systematic violations of antirust legislations... |
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Kremlin holds official secular reception for the new Russian PatriarchPresident Medvedev toasted the new Patriarch to a historic Kremlin reception in February, indicating the readiness of both the secular and religious authorities to deepen ties... |
Matviyenko to support SMEs by creating business incubation venturesSt. Petersburg Gov. Matviyenko will aggressively support the development of more SMEs as a measure to fight rising unemployment in the city... |
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Crisis-initiated castling in business elite elevates Prokhorov to the pinnacle of Russian oligarchyHaving successfully cashed out from his problematic investment projects prior to this crisis, Onexim Group owner Mikhail Prokhorov has become the richest Russian businessman, with $14.1bln... |
Direct Group and Otto Group conclude the biggest distance selling deal in RussiaOtto Group has acquired a 90% stake in in NA DOM Group and PROMOPOST in a deal designed to expand its business on the Russian distance selling and e-commerce market... |
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RusAl not excluding Russian government stake acquisition in the companyUC RusAl CEO Oleg Deripaska says all debt restructuring options for his seriously battered business empire are on the table, including possibly ceding stakes to the Russian government... |
S7 Airline confirms cancellation of Boeing Dreamliner purchase contractIn a big blow to Boeing's pet project global sales prospects, Russian airline S7 has confirmed cancellation of a contract to purchase 15 Dreamliners, previously valued at $2.4bln... |
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Putin champions post-crisis global economic liberalism in DavosRussian Prime Minister Vladimir Putin used this year’s Davos Forum to dissect the causes of the current global economic malaise and prescribe ‘potent exit recipes’ from the meltdown... |
Russia and Europe have again fallen victims to Ukraine’s gas transit blackmailIn a typical display of the ‘deja-vu’ syndrome, Russia and other European countries were again at the epicenter of an avoidable energy crisis, as Ukraine resorted to gas transit blackmail... |
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Global economic crisis and its negative impacts are non-insurable eventsAlexander Bondarenko — sales director at insurance company Rosgosstrakh-Life (RGS-Life), a subsidiary of the industry leader Rosgosstrakh — talked about the impacts of the current global crisis on Russia’s budding life-insurance industry and his company’s development plans under the prevailing volatile market conditions.... |
MIBA is a cooperation platform for government and businessesAs a bridge between political and business circles, evident in his top positions in and outside the city government, Vladimir Malyshkov talks about the Moscow government’s agenda for businesses... |
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OPK to complete the production of steam generators for the world’s first floating nuclear power station by 2009The station is being designed in form of a non-self-propelled vessel, measuring 144m in length, 30m in width and has water displacement of 21,500metric tons, and will be powered by two nuclear power plants capable of generating up to 70 megawatts... |
Obama to reboot relations with Russia and U.S. damaged image in the worldVeering away from Bush’s destructive unilateralism, President Obama pledges to cooperate more with Russia and the rest of the world, as he moves to revamp damaged U.S. ties... |
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