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. Last Updated: 07/27/2016

06/10/2008

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Investors Back Call For Eased State Role

Foreign investors reacted with cautious optimism on Monday after top officials called for loosening the state’s grip on the economy at the St. Petersburg International Economic Forum over the weekend.

TNK-BP Quizzed in Labor Inquiry

The pressure on TNK-BP intensified Monday as prosecutors questioned one of its senior executives in an inquiry into the British-Russian firm’s hiring and remuneration of its foreign employees.

Chaika Forbids an Investigation

Prosecutor General Yury Chaika has issued an order forbidding the Investigative Committee from investigating a criminal case involving one of his top deputies, the latest development in a standoff between the two law enforcement entities, Kommersant reported Monday.

Rosneft's Q1 Profit Surges to $2.56Bln

Reuters
Rosneft said Monday that its net profit jumped sevenfold in the first quarter as acquisitions last year and strong cost control helped core earnings.

BP Sees an Era of New State Relations

Reuters
BP chief Tony Hayward, whose Russian joint venture, TNK-BP, is mired in a dispute, on Monday called for new forms of contractual relationships between national oil companies and global majors.

Put the Brakes On Russian Technologies

Hopefully, First Deputy Prime Minister Igor Shuvalov's revelation on Sunday that the authorities will scale back state involvement in the economy demonstrates the Cabinet's and the president's real intentions.

What Price Glory

Re-enacting major battles from a wide range of wars is becoming a popular hobby as incomes rise.

Moscow's Growing Skyline

n comparison with Dubai or any of China's metropolises, the pace of Moscow's current construction might appear measured. But if the recent acceleration of construction continues, Moscow's growth may well reach the level of the United Arab Emirates.

Regions Vying For Funding And Influence

President Dmitry Medvedev's first month on the job has provided a good opportunity to analyze the developing relationship between the new leader and the regions. Most important, we have seen a continuation of Moscow's policy toward the regions that was initiated last autumn with the appointment of Dmitry Kozak as the regional development minister.

Nothing Overheated In Russian Economy

Last week, the Moscow bureaus of the International Monetary Fund and the World Bank declared that Russia's economy is overheated and that the government should take immediate measures to stem inflation.

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