October 2009, Vol. 4, No. 9
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Revival of Russia’s best philanthropic traditions
Lots of unprecedented negative changes in Russia’s social structure and political regime in the 20th century and its recent reverse to capitalism via questionable economic reforms have left the majority of its citizens ill-equipped for most of today’s life challenges, as these upheavals eliminated some of the country’s historical social values and traditions, including philanthropy. However, this pathetic situation is changing today, thanks to people like Boris Pashintsev, who is spearheading the revival of true philanthropic traditions in post-Soviet Russia ... |
G20 leaders summit seeks new business models for the post-economic crisis eraG20 leaders outlined a broader policies agenda to stabilize the crisis-hit world economy and prevent the reoccurrences of similar financial catastrophes capable of putting the whole world again on the brink of an economic bankruptcy... |
Choron Diamond marks its 10th anniversary in Russia among partners, friends and clientsIn attendance to mark the occasion and congratulate the people behind the company’s flying successes, especially, its CEO, Rajesh Gandhi, were prominent figures from the Russian business and political establishments... |
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Crocus International threatens to bankrupt Millionaire Fair over debt issuesThe bone of contention is the estimated cost of over Rub7mln of services rendered to the Fair organizers and their star visitors in 2008... |
Burevestnik Group managing partner detained on yachts contraband chargesAccording to the official charges, Lomakin and other top AG Marin and Burevestnik yachts club officials, FTS former and present employees had been involved in illegal yachts importation... |
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Defamation lawsuit between Prokhorov and TMT finally ends in a peaceful agreementThe protracted reputation damage lawsuit finally ended in September with the signing of a peaceful agreement between the two parties... |
Can Moscow really become a financial center in the new post-crisis world?The answer is an emphatic yes, based on Moscow's historical experience as the former capital of the Russian Empire and the Soviet Union, which had controlled half of the world at their zeniths, and the recent positive changes in the city... |
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The number of modern quality hotels in Russia to increase by 250 assets in 2009Federal Tourism Agency Director Anatoly Yarochkin has called the creation of a network of ‘modern top-quality roadside hospitality services’ essential in the development of the Russian hotel industry... |
Ararat Park Hyatt Moscow hires a Food & Beverage directorMichel Wittwer, the new F&B director, has served in different positions in various hotels in several international locations, since graduating from Vieux Bois, the Geneva-based, Switzerland hotel management school, in 1997... |
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Heliopark Group’s subsidiaries under taxation and creditors’ pressureThe action of the tax agency is the last in a series of legal suits filed against Heliopark Group’s subsidiaries by creditors seeking the repayments of their granted loans... |
Deadline for completion of the Pekin Hotel reconstruction extended to 2013The extension of the deadline from 2009 to Dec. 31, 2013, according the Moscow City Government’s resolution, will be done without penalizing the project investor... |
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Moscow-based Golden Apple in the Top-10 of Europe’s best business hotelsThe high place occupied by Golden Apple in the rating means the hotel has satisfied all the requipments of the journal, which specially noted the hotel’s high service quality, design and comfort... |
The Russian equities market: Monthly market roundup for SeptemberThe abundance of positive economic news in September, notably from the G20 Nations Leaders Summit in Pittsburgh, significantly boosted the level of activity on the Russian equity market... |
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Choron Diamond institutes an eponymous prize for the best Russian Football League clubThe Choron Diamond Cup, which comes in two forms, the Big and Small Cups, will be awarded to Russia's Premier League best football club and the runner-up, respectively, at the end of each football season... |
The Korston Queen of Montenegro Hotel & Casino on presentation in MoscowLouie Beck, the hotel general manager, specifically highlighted the property’s array of unique services that enable clients to have all-day enjoyment everywhere — outside in the sun, sea and on pebble beaches, alpine skiing, etc... |
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Luxury boutique hotel to replace former MN editorial buildingAlthough, the development is still in the approval stage, it is already clear that the intentions of the investors behind this project right in the hearts of the nation's capital, are more than serious... |
Russian government, local and foreign investors discuss ways to develop the Yamal gas depositsSpecifically, the meeting focused on the framework of programs to develop the region and the expected scope of private capital in the realization of the outlined projects... |
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Russian and Indian trade and economic relations unhurt by current global crisisPresident Medvedev specially noted that further development of friendly relations with India has always been and still remains one of Russia's foreign policy priorities... |
Putin calms local and foreign investors at the VTB Capital investment forumPutin detailed the short- and medium-term strategies as well as long-term measures adopted by the state to combat the current crisis and lift the economy into a new level in the postcrisis era... |
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Medvedev’s precise diagnosis of Russia’s problems indicates readiness to solve themThe review was necessitated by his broad searches for new approaches, including recent public pleas to compatriots, to offer policy ideas on how to solve the nation's recalcitrant problems... |
Russia highlights its healthy financial adequacy in crisisExperts have attributed the decision not to take the IMF loans to Russian leaders' unwillingness to return to the ‘wild 1990s,’ when the country became dependent on ‘handouts’ from international financial organizations... |
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Punishment for a lackadaisical approach to country’s monetary policyCommenting on his expulsion, Aksakov called the decision to substitute an economic discussion with demagoguery testifies to “some politicians’ financial illiteracy”... |
Recent dam tragedy underscores the need for dangerous objects insurance lawOne of the components of this policy is the urgent need for the acceleration of the adoption of a law on insuring potentially dangerous industrial objects and their liabilities to third parties... |
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New Moscow Police chief outlines an encouraging plan of policy actionsThe new Moscow Police chief promises to reward all worthy employees and unceremoniously dismiss all ‘rascals’ that will continue to spoil the police reputation... |
Russia confirms passage of the worst phase of the global economic recessionRussia’s First Deputy Prime Minister Igor Shuvalov said the local economy had overcome the ‘most shocking’ phase of the global economic recession, thanks to the government’s anti-crisis measures... |
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Russia remains the least foreign-indebted country among the G20 statesFinance Ministry Alexei Kudrin noted that the volume of Russia’s foreign debts, even in a worst case scenario, will up till the end 2012 still be the smallest in the G20... |
ICR Partners with Presidium Communications to extend IR Services to RussiaCommenting on the partnership agreement, Presidium CEO Maria Erokhova lauded ICR as one of the best firms in the IR-services industry with a strong reputation in the entire global investment community... |
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Ingosstrakh and Bupa Intl launch an international medical insurance services programCommenting on the project, Ingosstrakh CEO and Board Chairman Alexander Grigoriev noted that the company’s goal is to offer clients the world's best medical insurance services... |
Tatneft’s conformity to ISO and OHSAS standards confirmed by independent auditorsThe positive results of the random inspections were announced by Alexander Nasonov, the head of the auditing group at Bureau Veritas Certification... |
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Vital lessons from the Obama’s U-Turn on U.S. antimissile defense policyBy this decision, the new U.S. president has once again highlighted his country’s indisputable greatness and his readiness to ‘right all the wrongs’ committed by the previous administration... |
Stable development impossible without reviving true philanthropy in RussiaBoris Pashintsev, the founder of the Moscow Charity Foundation ‘Tverskoi, is one of the the people leading the revival of true philantropic traditions in modern Russia... |
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