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July 2009, Vol. 4, No. 6

July 2009, Vol. 4, No. 6

Maiden summit transforms BRIC into a powerful alliance

The leaders of the BRIC quartet, the fitting acronym coined by Goldman Sachs for Brazil, Russia, India and China, forecast to become the largest global economic powers from the second half of this century, held their first official summit in Russia last month to map out strategies aimed at transforming the currently amorphous group into a more powerful intergovernmental alliance capable of influencing regional and global political and economic affairs. The maiden summit and our other traditional business issues and events are covered in this edition ...

Markets Reviews

The Russian equities market monthly roundup

Upbeat statements from the annual meetings of shareholders of top Russian 'blue chip' companies failed to galvanize the local stocks market to end the month in a positive zone...

 

Hotels & Restaurants Guide

The Russian MICE services industry: Expert's view

Olga Shults, asst. director, catering and conference services, The Ritz-Carlton, Moscow, speaks to TRCW on the key advantages of hotels over non-hotel facilities as venues for holding business events...

Hotels & Restaurants Guide

Moscow Marriott Grand Hotel lands a new general manager

Hospitality management guru Nicolas Kipper — who had previously worked as director of operations at Moscow’s Marriott Grand and general manager of Marriott Tverskaya — returned to Marriott Grand in June in a new capacity as the five-star hotel’s general manager...

 

Hotels & Restaurants Guide

Hilton plans to develop regional network of economy-class hotels in Russia

Vladimir Ilyichev, Hilton Hotels’ director for operations development in Russia and CIS, has disclosed Hilton Corp.’s interest in developing an extensive regional network of low-price, economy-class category hotels in Russia...

Editorials

Kremlin boosting Russia’s position and influence in Africa

An unmistakable sign that the Kremlin is now really intent on boosting its old good ties with Africa is evident in the composition of Medvedev's entourage, which included top-ranking government officials and Russian business leaders...

 

Corporate Events

Real-estate ‘stars’ honored at the CRE St. Petersburg & Federal Awards-09 gala ceremony

Commenting on the importance of the CRE Awards, Alexander Olkhovsky, GMD president and vice president of VTB, noted the increasing value of the Golden Brick, the Awards’ official symbol, in the real-estate industry...

Major Events of the Month

Russia has more than sufficient reserves to overcome current crisis

Russia First Deputy Premier Igor Shuvalov tries to boost leading domestic and foreign investors’ faith in the local economy, as lingering global economic crisis continues to dampen CEOs’ moods...

 

Major Events of the Month

Skeptical attitude to forecasts on ends of crisis

Rosnano CEO Anatoly Chubais has advised investors and laymen not to trust experts, who claim they know when the present crisis will end, as it is difficult to correctly predict the exact termination dates of global crises...

Major Events of the Month

The Russian political system attains maturity

Addressing young State Duma legislators in June, Vladislav Surkov, first deputy head of Presidential Administration, noted the maturity of the Russian political system, evident in its ability to express the whole spectrum of opinions in society...

 

Major Events of the Month

Kudrin calls on Russians to diversify savings in crisis

Finance Minister Alexei Kudrin has advised Russians to refrain from keeping all their savings in one currency, but rather spread them across several currencies so as to boost their security during crisis...

Major Events of the Month

Russian State Duma speaker stars as ‘political Batman’ in comics

Another side of State Duma speaker was presented to the Russian society in June, when he was depicted as a superhero in a comics titled, ‘Gryzlov the Man,’ who indulges in ‘Batman-like heroics,’ saving people and cities from harm...

 

Major Events of the Month

Moscow advertisement market nosedives 45% since January

Vladimir Makarov, chairman of the City Hall’s Advertisement Committee, has blamed the global economic crisis for the 45% decline of activities on the Moscow advertisement market since January...

Business News

VTB helps diffuse highly volatile social and labor tensions in Pikalyovo

VTB President Andrei Kostin has honored the promise he made last month in Pikalyovo at a meeting chaired by Prime Minister Vladimir Putin by granting a R250mln loan to BasElCement factory in the city...

 

Business News

Sberbank CEO’s revelations at bank’s annual general meeting of shareholders

Sberbank CEO German Gref presents a comprehensive report on the bank’s current state of affairs, remunerations for management and employees as well as payments of dividends at AGM...

Special Industry Reports

The Russian MICE services industry

A comprehensive report on the Russian MICE services industry, featuring a comprehensive review of the market, major highlights, key industry players, prevailing trends, market potential and future growth forecasts...

 

Interviews

The Russian MICE services industry: Expert's view

Timur Kyazimov, sales director at Martin Translation Services, speaks to TRCW about the importance of quality translation for businesses and his company’s role and plans in the industry...

Interviews

The Russian MICE services industry: Expert's view

Stepan Grabovsky, CEO, Fonetix Translation, speaks to TRCW on the importance of quality technical translation in ensuring the success of business events and his company’s unique services...

 

Hotels & Restaurants Guide

The Russian MICE services industry: Expert's view

Anastasia Makarova, banquette services sales manager, Korston Hotel Moscow, speaks to TRCW on conference services and Korston’s competitive offers for organizers of business events...

Interviews

The Russian MICE services industry: Expert's view

Mikhail Bulygin, CEO, Alpha & Omega translation bureau, speaks to TRCW on the Russian professional translation services market and his company’s market position and vision for the industry...

 

Hotels & Restaurants Guide

The Russian MICE services industry: Expert's view

Elena Krivonosova, head of sales department, Turris Hotel Management Group, speaks to TRCW about her company’s unique facilities and services for business events...

Hotels & Restaurants Guide

The Russian MICE services industry: Expert's view

Olga Rafikova, director of marketing, Turris Hotel Management Group, speaks to TRCW on St. Petersburg MICE services market and her company’s leading role in the industry...

 

Interviews

The Russian MICE services industry: Expert's view

Kim Waddoup, CEO, Moscow International MICE Forum, speaks to TRCW on the state of the Russian MICE services market vis-a-vis other European MICE services markets...

Economy

High-profile BRIC and SOC summits in the Russian Urals echo across the globe

The leaders of the BRIC group have announced plans to transform the currently amorphous union into a more powerful intergovernmental alliance at their maiden official summit in Yekaterinburg, Russia...

 

Politics

Russia and EU search for points of common interests in pursuit of strategic cooperation

Russia and EU have once again confirmed their intent to deepening their cooperation and finding solutions to issues of bilateral importance at a summit in Khabarovsk...