News
![]() 31.03.2009 11:00:00 | 11:50 Korston Hotel & Casino Moscow general manager appointed AEB Hotels & Tourism WG Deputy ChairmanIn his new capacity, Louie Beck, the vice president for hotel operations and general manager of Korston Hotel & Casino Moscow, will join other hospitality experts in the Working Group tasked with transforming Russia into a tourists’ favorite destination ... |
![]() 25.03.2009 17:00:00 | 17:20 Russia and Nigeria pledge to further boost cooperation across all sectors of bilateral diplomacyThe fact that Moscow and Abuja had reached agreements and/or found common grounds on the all issues on the talks agenda was evident from the friendly rapport between the two countries’ top diplomats at the joint press conference held at the end of the talks... |
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![]() 23.03.2009 19:00:00 | 19:10 Moscow Mayor says exorbitant bank loans doom most Russian corporations to inevitable bankruptciesComparing the refinancing rate in the United States, which currently stands at 0-0.25% and Japan's refinancing rate presently pinned down at 0.1% with Russia's unprecedented record of 13-20%, Luzhkov said such exorbitant banking interest rates have put most Russian companies on the extinction list. ... |
![]() 20.03.2009 09:20:00 | 09:25 Kremlin helps Russian business titans resolve devastatingly imminent loan default litigationsTwo events indicated Kremlin’s direct participation in the out-of-court settling of these thorny financial issues in a way that positively favored Deripaska. First of all, President Medvedev recently harshly criticized large banks, accusing their managements of unacceptable ‘corporate egoism,’ which is capable of undermining corporations that form the backbone of the nation’s economy ... |
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![]() 19.03.2009 08:40:00 | 08:40 Russia outlines its agenda for the upcoming London’s April G20 SummitThe Kremlin, according to the Russian president, is proposing the creation of a new and more equitable structure for the international financial system, and this will require the G20 leaders to establish a new architecture that is appropriate for the 21st century challenges, rather than merely reproducing the post-WW2 economic model for modern times... |
![]() 10.03.2009 08:25:00 | 08:30 Expert says more challenges ahead for the banking sector as crisis worsensTroika Dialog Group Managing Director Andrei Sharonov also called on the government to clearly define its roles in the management of toxic banking assets, establish a level of state participation in bank ownership structures and find a balance between crisis management policies and banks' loan strategies... |
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![]() 06.03.2009 17:20:00 | 17:30 Positive changes in U.S. foreign policies bring clarity to NATO strategic cooperation with RussiaVeering away from the harsh-tone rhetoric that had characterized NATO’s roller-coaster relationships with Russia in the past eight years under the Bush administration, Jaap de Hoop Scheffer, sensing the new waves of goodwill towards Moscow from the Obama presidency, has suddenly discovered a myriad of spheres of cooperation with Moscow... |
![]() 02.03.2009 19:00:00 | 19:10 Russia expects clarity of actions and concretization of political decisions from the London G20 SummitAccording to Arkady Dvorkovich, the economic adviser to the Russian president, concretization of global anti-crisis actions will distinguish the upcoming London summit from similar meetings in the past, famous for their ineffectiveness, as they only produced bold statements on immediate actions that were not supported by practical steps... |
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![]() 02.03.2009 11:00:00 | 11:00 Recurrent crises in Capitalism call for a new economic modelThe bleak future of contemporary Capitalism was aptly summarized by Nobel Prize Economics laureate Joseph Stiglitz, who has equated the harm done by the fall of Wall Street to free market with what the fall of the Berlin Wall did to Communism ... |