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Author: Inga Friedelhaus

Major Events of the Month

Moscow and Washington see Russia a WTO member by the end of 2011

Specifically, both Russian and U.S. leaders said that their plan of seeing Russia gaining WTO membership before the end of the year remains on track...

Special Industry Reports

Russian translation services market via experts’ eyes

According to key industry leaders, today’s Russian translation market is so advanced that it now has nothing in common with the market that existed 20 years ago...

 

Major Events of the Month

Russia’s Finance Ministry drafts a three-year debt policy for the country

According to the debt policy bill, drafted by the Finance Ministry, Russia will borrow 6.33trln rubles on the domestic market in 2012-14...

Major Events of the Month

Prokhorov under fierce criticism for a proposal to introduce euro in Russia

Yuri Shuvalov, a top United Russia Party functionary, has criticized Right Cause Party leader Mikhail Prokhorov for his euro integration stance...

 

Major Events of the Month

Russia’s Audit Chamber calls for more efficient use of state funds

Sergei Stepashin, the head of the Russian Audit Chamber, has called on bureaucrats at all levels to improve the efficiency and transparency of state expenditures...

Major Events of the Month

Today’s Russian banks are now better prepared for global economic crises

VTB President Andrei Kostin has hailed the Russian banking system, saying it is far better prepared today for any crises in the global economy than it was two years ago...

 

Major Events of the Month

Russia does not expect problems on the labor market from global economic instability

Deputy Prime Minister Alexander Zhukov has said the current complexities in the world economy will not have negative impacts on Russia's labor market and social programs...

Major Events of the Month

Kremlin against placement of Russian leaders’ portraits on banknotes

President Medvedev said new post-Soviet Russia ought not to return to the practice of placing pictures of Russian leaders on the country’s banknotes...

 

Major Events of the Month

Mironov’s Just Party knows how to attract trillions of rubles to state’s budget

Our party's program will show how the state can generate more money. One is the introduction of a progressive income tax rate for wealthy Russians...

Major Events of the Month

Using cash printing press to solve economic problems equated with government hooliganism

Russian prime minister has accused U.S. hooliganism for generously use of its printing machine, littering the world with unsecured dollars...

 

Major Events of the Month

Russia’s CEC makes ‘a computer tick and bird of happiness’ an election talisman

This choice of an election mascot seems to go well with the Russian president, who has called the combination of ‘innovation with tradition’ a strong move...

Major Events of the Month

Russia’s Agriculture Ministry says EU’s WTO meat quote demands unattainable

The minister’s fears stem from the fact that WTO accession could adversely affect domestic agro, banking and other industrial sectors...

 

Major Events of the Month

Not all Russia Militsia’s top brass pass the ‘transformation tests’ to police generals

A total of 21 generals failed the certification for different reasons such as submitting dishonest declarations or had discredited the force...

This summer traveling with Alitalia becomes more comfortable

The new policy aimed at boosting its passengers’ comfort includes provision of special privileges to clients that will purchase tickets between now and end of September...

 

Russia’s national carrier Aeroflot declared best airline in Eastern Europe in 2011

Aeroflot, Russia's largest airline, received the international prize SkyTrax World Airline Award as the “Best Airline in Eastern Europe in 2011” at Bourget...

Increasing cases of blinding pilots with lasers pose threat to flight safety

The latest incident occurred in mid-June in Rostov-on-Don, when the crew of UTair airline's B737 was blinded on its approach to the local airport...

 

Thailand and Russia agree to boost bilateral cooperation in the MICE sphere

An MoU on this issue was signed by RTBC and TCEB leaders, who called the step a new base for further strengthening the ongoing ties between Russia and Thailand...

Ingosstrakh posts its preliminary financial performance results for first quarter of 2011

Ingosstrakh CEO, who disclosed these data in April, noted that the highest rates of increases in premiums were recorded in agro, air and maritime insurance...

 

English First becomes an official provider of language training services to Sochi-2014

Speaking at the agreement signing ceremony, SOC-2014 CEO noted that EF has demonstrated its highest standard via its deep experience with the Olympics...

Business & Finance

Russia for the first time places ruble Eurobonds at the London Exchange

By this step, Russia has opened a new page in the history of its ruble-denominated bond placements, thus meeting one of the major attributes as a global reserve currency...

 

Economy

Russia’s postcrisis fishery industry backs to Soviet-era production level

Another positive consequence from the growing activity in the industry was evident in Russia rising from the 9th to the 6th spot among the world’s top fishery countries...

Novatek and Total sign strategic cooperation memorandums in the energy sector

The documents were signed by Novatek President Leonid Mihelson and Total President Christophe de Margerie at the presence of Russian Prime Minister Vladimir Putin...

 

RCCI head pledges to improve investment climate worsened by the Yukos case

Most of this negative media hype, according to the new RCCI chief, is not based on acquaintance with the materials of the case, but on raw emotions...