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Author: Edwards Johnson

Economy

Russia’s summer natural fires and their impacts on the citizens and economy

Without any doubts, the summer months of 2010 will go down as the worst period in contemporary Russian history in terms of scale of damages caused by heat and draught...

The Imperial Tailoring Co. marks its 7th jubilee at Gostiny Dvor with pomp

The jubilee party, attended by over 200 guests from and outside Russia, was organized in a manner befitting real Indian traditions, Moscow chic and opulence...

 

Corporate News

Intourist and Thomas Cook join efforts to tap growing opportunities in the tourism industry

Commenting on the deal, Intourist President Alexander Arutyunov said the JV will help boost Russia as a major tourist destination for travelers...

Corporate News

FM Logistic marks 15 years in Russia with pomp and grandiose plans for the country

The company, which arrived in Russia in 1994 as the first foreign pioneer in the local logistics industry,has since become the trendsetter on the local market...

 

Business & Finance

Crisis and Russian economy: road to accelerated recovery and growth

Andrew Cranston, a senior partner at KPMG Russia and CIS, talked about his company’s anti-crisis strategy and the effects of the global economic meltdown in Russia...

Hotels & Restaurants Guide

Expert's Corner: Milan Hotel General Manager's opinion

Our expert on this industry, Milan Hotel General Manager Svetlana Shekhvatova, talked to TRCW about the impacts of the crisis on market, current and future industry trends...

 

Hotels & Restaurants Guide

Expert's Corner: Ararat Park Hyatt Moscow executive's opinion

Our expert on this industry, Maria Govyazina, revenue manager at Ararat Park Hyatt Moscow, talked about the impacts of the crisis, current and future industry trends...

Hotels & Restaurants Guide

Expert's Corner: Maxima Hotels General Manager's opinion

Our expert on this industry, Maxima Hotels chain General Manager, talked about the impacts of the crisis on the market, his chain's performance during the downturn and future trends...

 

Politics

Russia and Iceland searching for new ways of boosting cooperation in new spheres

Iceland's prime minister noted his country’s longstanding friendship with Russia that has developed over decades, which have created a formidable foundation for cooperation...

Politics

Russia and Norway demarcate spheres of interest in Barents Sea and Arctic Ocean

From his part, Stoltenberg called the agreement a landmark in both countries’ histories...

 

Hotels & Restaurants Guide

New general managers take over helms at Holiday Inn Moscow Suschevsky and Lesnaya

In their new capacities, the new executives plan to boost the potential of their hotels as one of Moscow’s top hospitality facilities with outstanding services...

Hotels & Restaurants Guide

Company HRS continues regional expansion in CIS by opening an office in Kazakhstan

HRS’ constant presence in Almaty will enable it to be closer to its clients and also strengthen its positions in the republic and other Central Asian countries...

 

Hotels & Restaurants Guide

Moscow City Hall plans to double the number of hotels in the capital by 2020

The official plans envisage opening or reconstruction of 21 hotels with 5,160 rooms in 2010 and 23 hotels with 5,600 rooms in 2011...

Hotels & Restaurants Guide

Volatility and uncertainty continue to remain key features of demand for hotel services

The expert, however, says there are some positive tendencies, such as an upturn in demand for overnight stays and additional services, where demand fell by 30% in 2009...

 

Interviews

Business globalization is key to developing robust ties among nations

Expert's view on Russian-French relations: Hugues Laurent, the business development director at FM Logistic in Russia, recently spoke to TRCW about the company’s future plans and role in further boosting bilateral business ties between Russia and France...

Yevtushenkov offers innovative solution for fixing high accident rates on Russian roads

To successfully execute this project, Yevtushenkov calls on lawmakers to legislatively oblige all cars in Russia to be equipped with navigators...

 

Vneshekonombank denies intention to sell or transfer its EADS stake to third parties

The current crisis and EADS’ other internal problems have pulled down the stake’s market value, a development that led to the speculation on the VEB’s readiness to offload the stake to avoid its further devaluation...

IFC partners with EOS Group in tackling nonperforming bank loans in Central and Eastern Europe

Commenting on the initiative, Justus Hecking-Veltman, the EOS Group CFO, noted that the co-investment will allow the group to grow its business on markets, which have been hardest hit by the financial crisis...

 

Hotels & Restaurants Guide

The presentation of Luzhkov’s new pet project – the United Hotel Company

Highlighting the new company’s tasks and objectives, its CEO, Gennady Ustinov, noted that the company’s main strategic mission is to occupy the leading positions on the Moscow hotel services market...

Hotels & Restaurants Guide

Taganrog Congress Hotel offers clients ‘true customers-friendly’ prices

The management said this was a conscious step that made the hotel even closer to its clients and showed its true southern hospitality...

 

Hotels & Restaurants Guide

Smart technologies gaining grounds in Moscow’s hospitality and business properties

Such smart computerized technologies, according to Anna Amosova, the National Hotel’s PR and advertising manager, are now being used to operate the hotel’s power supply and air-conditioning systems...

Hotels & Restaurants Guide

Expedia Insiders’ Select List ranks Milan Hotel among the world’s best properties

Commenting on the news, Svetlana Shehvatova, the CEO of Milan Hotel, said delivering superior service to guests has always been a top priority at the hotel...

 

Slovak president says energy issue strategic in Bratislava’s relationships with Moscow

Energy is, indeed, occupies a central place in the relations as Russia supplies Slovakia with about 6mln tons of oil and over 6bln.cc of gas per year, which practically cover all the Balkan nation’s energy needs...

Putin’s visit to Austria results in securing agreement for the South Stream gas project

Speaking at the press conference, the Russian prime minister noted that the accord will ensure stability in gas deliveries to Europe, thus boosting its energy security...

 

BRIC nations leaders declare unity in approaches in seeking solutions to global challenges

The summiteers discussed several topics such as the new perspective directions for broadening the ongoing multi-and bilateral cooperation within BRIC and problems of postcrisis development...

Finnish food group Atria expanding its meat-processing business in Russia 

Commenting on the new complex, Juha Ruohola, Astria’s vice president in Russia, noted that the new facility will not only increase the company’s industrial potential, but also improve its stability, quality and safety parameters...

 

TNK-BP asks court to void tax agency’s 922mln ruble refund order

It seems TNK-ÂÐ’s litigations with the authorities will never end, as it petitioned a Moscow court in March to void a Federal Customs Service order to refund 921.6mln rubles...

Court restores pop diva Pugachyova’s ownership rights over the Filipp trademark

The Moscow Arbitration Court has fully redeemed singer Alla Pugachyova’s ownership rights over the Filipp brand, thus granting her suit requesting the court to void Rospatent’s decision to terminate its legal protection of the contested trade mark...

 

Supreme Court recognizes the legitimacy of repeated tax check on Dirol

This dispute, according to court data, began when MIFNS-9 found some irregularities during its first tax inspection of the company in 2006-07 that called for tax liability...

Politics

Middle East ‘Quartet’ summit sets timeline for the creation of a Palestinian state

Going by the emphatic tune of the joint statement, the Middle East Quartet seems confident in the success of its new plans to resolve the Israel-Palestine stalemate...

 

Society

Bespoke tailoring for presidents and business executives

Sammy Kotwani, the CEO of The Imperial Tailoring Co., tells TRCW about his rise to the tailoring Olympus, with several presidents and top business executives among his clients...