Author: Irina Kozlova
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Another gas conflict and supply disruptions freeze Europe at the peak of winterThe collapse in the negotiations on a new gas contract between Gazprom and Naftogaz in December 2008 prompted disruptions in gas supplies by Russia via Ukraine to its European consumers, thus putting the continent on the brink of fatal freezing in January 2009... |
Kremlin sacks governors over poor crisis management expertiseExplaining his motive, President Medvedev noted that the increasing negative effects of the global crisis demand a new level of management from regional leaders... |
New Patriarch calls for tying salaries to actual performancesPatriarch Kirill calls for placing remunerations in strict dependence on people’s real contributions, saying the current crisis only underscores the urgent need for the adoption of such principle... |
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New deadline set for the second wave of the ‘toxic bank loans and assets’ crisisDeposit Insurance Agency CEO Alexander Turbanov says the probability of a second wave of ‘toxic assets’-related banking crisis is very high, and thus call for CEOs to put emergency plans in place... |
Russia confirms end of the worst phase of the global economic recessionFirst Deputy Prime Minister Igor Shuvalov officially says that Russia has exited the worst phase of crisis as greenshoots of recovery take deeper roots in the local economy, attributing the heroic feat to the government’s anti-crisis measures... |
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Russia passes anticrisis deficit budgets for 2010 and 2011-12Commenting on the adopted financial plans for 2010-12, Prime Minister Vladimir Putin calls the deficits in the budgets the maximally acceptable levels, noting that any changes to the adopted parameters will be done not by inflating the budgets, but via redistribution of expenditures... |
Private companies ready to participate in Moscow hotels privatizationPrivate investors are warming up for the Moscow city government's plans to privatize a number of city’s high-profile hotels that will transfer their management into private hands... |
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District administration’s rent claims could paralyze a mini-hotel’s operationsThe main problem for the tenant, however, is the fact that one of the buildings houses his Usadba Mini-Hotel could possibly lose its rent contract in the worst-case scenario... |
World famous hotel sales and revenue optimization guru displays his skills in MoscowThe guru presented abundance of new knowledge and practical tools for boosting hotel revenues, while the audience received new skills and ‘upsell technologies’ that will help improve their job performances... |
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Swissotel Krasnye Holmy receives Russia’s leading hotel award from WTACommenting on the honor at the ceremony, hotel General Manager Jan Chovanec noted it was the third time in a row that the hotel has received the highly esteemed title... |
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... |
Individual approach is the foundation for successful hotel operationsMilan hotel has recently fully renovated its conference halls along with the installations of additional video and sound equipment and new soundproof partitions as it highlights its main competitive advantage – unparalleled quality of service – on the local hospitality services market... |
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APEC summit transforming the hotel business in the Far EastThe official preparation programs for hosting the APEC Summit scheduled for 2012 in Vladivostok envisage an all-round improvement in social and urban infrastructure aimed at boosting the attractiveness of the entire Russian Far East region for tourists... |
Five-star Lotte Hotel Moscow staffed and ready for operationsLotte Hotel Moscow, the five-star property affiliated with South Korea’s Lotte Group that is scheduled for opening in early 2010 completed the appointments of its top managerial staff this summer, thus signaling its readiness for opening... |
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Moscow hotels top the list of the most expensive hotelsIn line with their dubious reputation, Moscow hotels have once again remained the world’s most expensive hospitality facilities, thus defying the current crisis and its other associated negative industry trends that have led to sharp drops in prices on other markets... |
Moscow authorities prefer hotels in the center of the cityIn a desperate move to finally decongest the city’s downtown of vehicles and office high rises, the Moscow authorities are offering willing real-estate investors to swap their licenses for developing offices for contracts to build more hotels in the city’s Central Administrative District... |
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The Russian equities market monthly roundupThe last week of August posted positive equity growth, thus ending the whole summer months trading in the ‘plus zone,’ a positive trend that signaled the possibility of a better autumn ahead, given the fact that most CEOs of the nation’s blue-chip corporations have returned from their summer vacations... |
The Russian equities market monthly roundupUpbeat 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... |
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FMS and IBA pledge mutual cooperation in handling migration issuesTop Russian migration officials have pledged to ensure timely and more constructive handling of all migration issues confronting the rising expatriate community in the country... |
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