Author: Alex Freedmann

Interviews

Choron Diamond CEO’s view on 2010 & expectations in 2011

Choron Diamond CEO Rajesh Gandhi shares his view on his company's activities and Russian company's performance in 2010 and his business expectations in 2011...

Interviews

Fonetix Translations CEO’s view on 2010 & expectations in 2011

Fonetix Translations CEO Stepan Grabovsky shares his view on his company's activities and Russian company's performance in 2010 and his business expectations in 2011...

Interviews

Jack's CEO’s view on 2010, expectations & prognosis for 2011

Jack’s CEO Elberd G. Mistuloff shares with TRCW his view on his company's activities and Russian company's performance in 2010 and his business expectations in 2011...

Hotels & Restaurants Guide

The Russian hotel industry braces for the post-crisis era

This report highlights the impacts of the crisis on the industry, key market players and their readiness for post-crisis market growth trends and positive forecasts in the industry...

Interviews

Nigeria has abundance of capital-intensive projects for years to come

In this interview, Zarubezhstroimontazh Board Chairman Mels Oganesyan shared his view with TRCW on doing business in Nigeria and the current investment climate the country...

Politics

Russia and South Korea confirm adopted course on building strategic partnership

The South Korean president, from his part, noted that this year marks the 20th anniversary of the establishment of diplomatic relations between Moscow and Seoul...

Hyundai opens autoplant with the highest production localization level in Russia

Russian Prime Minister Vladimir Putin, who was present at the official opening ceremony of the factory, highly appreciated the work done by the Hyundai management...

World Bank seeking ways to acquire Russian banks’ ‘toxic’ debts

According to IFC, a subsidiary of WB, the volume of toxic credits in Russia is expected to reach $70bln by yearend...

Rosneft’s new president becomes company’s minority shareholder

Commenting on his acquisition, Khudainatov noted that investment of personal finances in Rosneft was an issue of priority for him as the company’s CEO...

Major Events of the Month

Businesses CEOs’ nice, but ‘strange and unexpected’ behavior in crisis

Specifically, Putin noted that for him it was ‘really strange and unexpected’ that most business owners showed a high level of responsibility instead of greed during the crisis...

Major Events of the Month

Kremlin hearkens to Khimki forest preservation activists’ petitions

Commenting on the presidential decision, Russian Public Chamber member Vladimir Zakharov said the growing civil society's protests have been heard by the authorities...

Major Events of the Month

Russian communists leader sees only benefits in three of Slavic states union

Nostalgic Russian Communist Party leader has reiterated his perennial calls for the amalgamation of Russia, Ukraine and Belarus into a new formidable union of Slavic states...

Major Events of the Month

Yabloko Party head calls for investigations into the causes of summer fires

The democratic opposition party is of the opinion that the ecological situation in Russia, including the radiation levels, has sharply worsened because of the summer fires...

Major Events of the Month

Northern Caucasus declares an end to ‘regional presidencies’ in Russia

Expressing his support for this ‘initiative from below,’ Ingush President Yunus-Bek Yevkurov noted that he personally prefers the title ‘head’ of a region to regional president...

Major Events of the Month

Super-capital with the special status within the limits of the central vertical

Federation Council Speaker Sergei Mironov believes that Moscow, as the Russian capital, should not only be managed on a regional basis, but also centrally from the Kremlin...

Politics

Russia and Yemen agree to use their economies as basis for mutual cooperation in other spheres

The Russian prime minister and Yemeni president called for making interactions in their economies the new basis for the development of mutual beneficial relations in all other aspects of their countries' bilateral cooperation...

Politics

Medvedev and Merkel seek new ways for deepening ongoing cooperation at consultations

The leaders discussed bilateral trade and economic cooperation as well as plans to form strategic business alliances between Russian and German companies...

Politics

Russia and Vietnam again reaffirm adopted course on strategic bilateral partnership

Both leaders exchanged opinions on ways to further deepening the existing strategic partnership between Russia and Vietnam at the regional and international levels...

Hotels & Restaurants Guide

Lotte Group opens second property in Moscow, announces more ambitious plans for Russia

With the overall investment totaling over $350mln, Lotte Hotel Moscow has become the most ambitious hospitality property among Moscow hotels...

Major Events of the Month

Putin no longer feels shame over local business representatives’ actions

Prime Minister Vladimir Putin has praised Russian businesses for their new sense of corporate social responsibility displayed at the height of the economic crunch...

Major Events of the Month

Ombudsman accuses ‘pedophilia lobby’ for liberalization of anti-pedophile laws

The head of the Children’s Rights Protection Department in has blamed pedophilia lobbyists in the State Duma for filibustering bills aimed at fighting pedophilia...

Major Events of the Month

Kremlin awaits explanations from the White House on espionage scandal

Foreign Affairs Minister Sergei Lavrov said that Moscow is expecting explanations from Washington in connection with the detention of Russians on alleged espionage charges...

Major Events of the Month

Internal affairs minister diagnoses the nation’s Traffic Police with serious illness

Minister Rashid Nurgaliev has called for urgent medical care for many traffic police inspectors, who he said are ‘seriously sick’...

Major Events of the Month

Foreigners to receive ‘Muscovite Conducts Code’ via a policy to accelerate integration

The City Hall plans to draft a Muscovite Conducts Code for foreigners to help those seeking permanent residency in the capital easily integrate into the society...

Major Events of the Month

Rich mysterious woman becomes Sberbank’s single largest individual shareholder

A mysterious lady has become the largest individual private shareholder of Sberbank after doubling her stake in the nation’s largest financial organization within a year...

Business & Finance

The past, present and the future of the Russian tourism industry

Speaking at the opening of the meeting, the minister noted that tourism has been declared a priority sector of the Russian economy, and consequently, its condition and development have become subjects of keen attention from the state...

CIS prime ministers look forward to celebrating the Commonwealth’s 20th anniversary

The heads of the CIS member-state governments discussed ways to further deepen integration processes, including the plans for the celebration of the CIS 20th foundation anniversary in December 2011...

Medvedev deepens strategic cooperation with key partners on his Middle East tour

Russian President Dmitry Medvedev during his Middle East tour in May that included stops in Syria and Turkey and his host colleagues agreed to further deepen their mutual bilateral relations...

Russia and Brazil set themselves an ambitious target of raising trade turnover to $10bln

To achieve this goal, both parties signed a number of documents, including the plan on the realization of all projects earmarked in their strategic partnership pact...

Interviews

The trendsetters on Russia’s new short-term office space lease services market

In this interview, Tatyana Sokolova and Fatima Zakharova, the managing shareholders of Delovoy business centers, explained the essence of their new business venture...

Interviews

The Italian trademark and new services of Alitalia: the pleasure of flying ‘Made in Italy’

Tommaso Fumelli, Alitalia’s general manager for Russia, Ukraine and Belarus, talks about his company's business strategy and its key competitive advantages on the Russian routes...

IBA and OPORA Rossii set platform for deepening Russian-Indian business ties

The Indian side was led by IBA President Sammy Kotwani and CEOs of Indian companies in Russia, while OPORA Rossii was represented by the organization’s president, Sergei Borisov, and his deputies....

Top foreign firms pen historic anti-corruption business conduction pact in Russia

Briefly put, the agreement obliges all its signatories to exclude corrupt practices – both directly and indirectly – in their operations in Russia...

Tatneft invests millions into protection and purification of rivers in areas of operations

In all, a total of 34.8mln rubles was invested into the construction of the project, which was launched in 2007, including 11.5mln rubles in 2009...

Top industry leaders call for huge investments into small oil wells development

According to the industry leaders, apart from compensating for falling outputs from large wells, the development of small oil deposits can also improve the economic situation in the country...

Tatneft marks 10th year anniversary in tire business with completion of another project

Thanks to this program, the volume of tire production in this factory had grown by over one-and-a-half times, in comparison with 1999’s data, to 12.5mln units per year in 2008...

Interviews

Expert’s opinion on his expected economic recovery model for Russia

Alexander Osin, the chief economist at Finam Asset Management, says he is expecting a W-shaped recovery scenario both for Russian and the global economies...

Markets Reviews

The Russian market equities performance monthly roundup

Serious negative news from European countries tethering on bankruptcies such as Greece and other pessimistic trends across the globe continued to worsen the volatility trends on financial markets in February...

Hotels & Restaurants Guide

Ararat Park Hyatt Moscow hires a new executive chef

Joly has joined Ararat Park Hyatt Moscow as its executive chef, bringing with him over 20 years of experience of working with internationally renowned French chefs...