June 2009, Vol. 4, No.5
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Microsoft Corp. to invest billions of rubles into Russia
Microsoft Corp, the U.S. software giant, has been a key trendsetter on the Russian software industry. Indeed, it will not be an exaggeration to say that the top global software giant, via Microsoft Russia, its local subsidiary, is one of the most socially responsible foreign ‘corporate citizens’ in the country, a fact that the company has once again underscored by recently committing 10 billion rubles to Russia. The Microsoft's ambitious plans for Russia and our other traditional business features and events are covered in this edition ... |
Grand opening of modern business hotel Al Pash Grand HotelAstrakhan Region Gov. Alexander Zhilkin, St. Petersburg Bank Board Chairman Alexander Savelyev, Astrakhan Mayor Sergei Bozhenov and Alikber Pashaev, the hotel owner, took part in the traditional red-ribbon cutting ceremony.... |
AZIMUT Hotels Company sees budding sprouts of positive market dynamicsIn its report, AZIMUT Hotels Company noted the positive dynamics in the industry, good news for the industry, especially after the difficulties in the first three months of the year caused by the global crisis... |
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Tours operator Inturist freezes major investment hotel projectsThe global economic crisis has significantly changed the Inturist's plans, forcing it to freeze its ongoing constructions of over 50 hotel projects in the economy category... |
Hotels come under fire for greedy pricing policy during Eurovision Songs ContestThe hoteliers, circumventing their ‘gentlemen agreements’ with the Mayor’s Office, hiked prices, at least, by 20-30%, making accommodations unaffordable for most of the Eurovision Songs contestants and fans... |
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The Russian equities market: monthly trading activities roundupThe Russian equities market displayed strong positive growth in May, as its major performances indicators crossed the psychological landmark of 1,000 points, the first time since 2008... |
Home Credit Bank opens a special services Cabinet for VIP clientsCommenting on the new service, Home Credit Bank Managing Director Ivan Svitek said the project will enable the bank to occupy a unique niche by offering full banking services to the upper median representatives... |
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PROMT opens a Corporate Sales DepartmentKonstantin Presnyakov, the company’s director for corporate sales, has noted that corporate translation system will enable users to raise the overall performance of personnel that work with information in foreign languages on average by 40-60%... |
Deceuninck's Russian subsidiary posts strong operations report for 2008The achievement of such strong positive performance growth by the Russian subdivision has been attributed in parts to the increase in investments into the company’s plant in the Moscow Region... |
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BTA Bank raises interest rates on private clients’ depositsBTA Bank also plans to introduce new deposit service for private clients that will reflect the current trends on the financial market, such as providing for preterm payments of the accrued interests... |
Kravtsov rejoins PBN from Basic Element and AmCham as vice presidentThe appointment marks a return engagement for Kravtsov, who held senior positions in PBN’s U.S., Russia and Ukraine offices from 1994 to 1998... |
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Worrying taxation initiatives from court officialsOf particular concern are the ‘extra judicial’ nature of debting defaulted taxpayers' bank accounts prescribed by the proposed amendments, and the fact that the proposals have come from the nation’s citadel of justice... |
Place and roles of financial centers in contemporary global geo-economic competitionA comprehensive analysis of the world’s top financial centers development strategies and their increasing roles in contemporary geopolitical economic competition... |
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FMS and IBA pledge mutual cooperation in handling migration issuesTop Russian migration officials have pledged to ensure timely and more constructive handling of all migration issues confronting the rising expatriate community in the country... |
Hockey players again in the Kremlin with the World Championship titleFollowing the existing victory traditions, President Medvedev invited the triumphant national hockey team to the Kremlin for official congratuations... |
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State Duma plans to make the work of court marshals financially self-sufficientThe amendment stems from the fact that court marshals currently receive just 7% of the collected debts, which is often too small to compensate the collection efforts... |
Government attaches a price tag to a square meter in its ‘affordable’ housing projectsSuch housing projects are to meet a number of criteria, including having all modern facilities and being built with the most advanced energy-saving technologies... |
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New deadline set for the dawn of the second wave of the ‘toxic bank loans’ crisisThe director of the nation's Deposit Insurance Agency has called on Russian banks to make emergency plans to deal with the looming second wave of ‘bad loans’ crisis... |
Russia calls for the creation of a special international tribunal for Somali piratesRussia's General Prosecutor has been ordered by the Kremlin to examine all ways, including the possibility of commissioning a special international court, for bringing Somali pirates to justice... |
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Moscow Government leads the rating of most transparent city budgets in RussiaMoscow city government's budget has been named the 'most transparent' among Russia's other regional and cities' budgets by the national transparency rating agency... |
Microsoft underscores Russia strategic importance with $300mln investment commitmentThe management of Microsoft Corp. has reaffirmed its trust in Russia and its economy by pledging to commit R10bln (over $300mln) to the country over the next three years... |
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President and private companies CEOs talk ‘business issues’ on Entrepreneurs’ DayThe red-lettered day commemorates the 21st anniversary of the first private entrepreneurship law in the Soviet Union, which gave the ‘green light’ to incorporation of free private businesses in 1988... |
Radicalization of protest sentiments in society and labor conflicts in companiesDespite the government's pressure to dissuade mass protests, it seems more and more people are now ready to go to the streets to express concerns over the situations in the economy... |
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