Author: Irina Kozlova

Reappointed Russian Railways Corp. chief highlights railway development plans

Vladimir Yakunin, the president of Russian Railways Corp., reappointed for in June, has disclosed ambitious plans to further develop the state company...

A family picnic at FAVORIT MOTORS’ presentation of its new KIA Picanto car

It goes without saying that the adults present at the event were in euphoric moods, as many went for a test drive in the new KIA Picanto car...

Home Credit hires a new top executive for its Moscow business operations

The new executive, Alexei Karchazhkin, will be in charge of banking products sales, service quality level and network development in Moscow and Moscow Region...

Ford and Sollers pen an agreement on creation of a new auto JV business in Russia

The agreement was penned by Ford Europe chairman and CEO and Sollers CEO Vadim Shvetsov at an official ceremony attended by Prime Minister Vladimir Putin...

Major Events of the Month

Owners of Russia’s night clubs doubling as narcotics sales joints to face legal prosecution

President Medvedev has ordered law enforcement agencies to target owners of clubs selling drugs in their fight against rising drug addictions among Russian youth...

Major Events of the Month

Ex-Moscow Mayor Luzhkov denies plans to leave Russia for self-imposed exile abroad

Ex-Moscow Mayor Yuri Luzhkov has again declared that he has no plans to flee Russia on self-imposed exile to a foreign land...

Major Events of the Month

Russia to make a final decision on fate of the grain export embargo by end of May

Kremlin introduced the embargo after last year’s devastating summer fires, and is scheduled to run till June 30, with the option of its extension till the end of 2011...

Major Events of the Month

LDPR calling for full nationalization of the Russian energy industry

LDPR party boss says his party will initiate a bill to authorize the nationalization of Russia’s oil industry if private oil companies continue to manipulate prices...

Major Events of the Month

Japan’s ‘generous estimates’ of the scale of its nuclear crisis raise eyebrows in Russia

The move has raised eyebrows across the world, as politicians and top nuclear science experts have evidently failed to see a parallel between the two nuclear disasters...

Major Events of the Month

Kremlin links Russia’s rampant corruption with liberal opposition politicians

Though no names were mentioned, it was clear that the official was referring, amongst others, to liberal opposition leader Boris Nemtsov, a key anti-corruption activist...

Hotels & Restaurants Guide

Government and businesses to delineate spheres of interests in preparation for World Cup

Kremlin plans to demarcate the spheres of investment activities between the government and private businesses in its preparation for the Soccer World Cup in 2018...

Hotels & Restaurants Guide

Reconstructed Moscow Radisson Royal Hotel named among the world’s best new hotels

Commenting on the rating, the journal noted that this year’s list includes hotels built in places that were recently villages, but which have been transformed into elegant hotels...

Hotels & Restaurants Guide

Renaissance Moscow Monarch Center bags the Golden Brick Award at CRE Awards-2011

Marina Usenko, Jones Lang LaSalle executive vice president, who was a jury member, has called the hotel a ‘win-win’ project for the investors...

Hotels & Restaurants Guide

Moscow City Tourism Committee to oversee city’s hotel industry affairs

The main reason for this step, according to Committee chairman Sergei Shpilko, stemmed from the lack of effective interaction between the committee and hotels...

Special Industry Reports

Indian diaspora and Muscovites mark Holi Mela with traditional fanfare

Holi Mela, considered one of the holiest traditional events in India since times immemorial, was held this year with its traditional pomp for the fifth time in Moscow...

Economy

The origin of ‘packed bags syndrome behavior’ among Russian capitalism titans

This term aptly highlights the rising overt antagonism between the localauthorities and the leading titans of Russian capitalism...

Major Events of the Month

Putin expresses concern over impacts of Arab world radicalization for North Caucasus

Mass national protests have been going on for weeks in several Arab states, prompting the falls of the ruling regimes in Egypt and Tunisia...

Major Events of the Month

Antitrust Agency leadership concedes presence of corrupt officials among its staff

FAS Director Igor Artemyev has acknowledged the presence of corruption in his agency, estimating the share of corrupted employees at about 7% of the agency’s total workforce...

Major Events of the Month

Call for fair political competition and elections causes mixed reactions among elite

The statement has provoked active discussions of reasons that had forced the ‘ever-cautious Kudrin’ to touch issues considered ‘out of bounds’ among Russian elite...

Major Events of the Month

Investigators arrive in Inteko with a search warrant for missing billions of rubles

The investigators said the search warrant was a part of ongoing investigations, which allegedly involved a 13bln ruble credit that later ended up in Baturina’s accounts...

Major Events of the Month

Traffic issues and deepening of mutual cooperation on Sobyanin’s Seoul agenda

Specifically, Sobyanin noted that his delegation was interested in seeing how such issues as urban development, intellectual management and an electronic government are being handled in Seoul...

Major Events of the Month

Legendary political heavyweight Primakov finally retires from civil service

Wherever he worked, Primakov had left behind positive marks, which transformed the state agencies under his watch, including the RCCI, into more authoritative organizations at his departure...