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. Last Updated: 07/27/2016

08/01/2008

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Lots of Work but Too Few Workers

Railway boss Vyacheslav Steklyevich had just seen the first train roll over a new bridge he oversaw being built, a 10-meter stretch of iron and concrete that was only the beginning of the hundreds of kilometers of train track still needed around the island. It was, Steklyevich conceded, just a drop in the ocean compared to the huge building works happening across the country -- and it was obvious what the main difficulties ahead would be.

Medvedev Sticks Up For Private Business

Staff Writers
In a second attempt this week to calm investors worried about the Mechel affair, President Dmitry Medvedev on Thursday called on authorities to stop harassing businesses and private companies to start paying taxes in full.

BP's Hayward Meets Fridman in Prague

BP chief executive Tony Hayward and oligarch Mikhail Fridman held talks in Prague in an effort to resolve their escalating dispute over Russian-British joint venture TNK-BP, sources close to both sides said Thursday.

Doping Suspensions Deal Blow to Olympic Dreams

Russia's dreams of pulling off a dazzling performance at the Beijing Olympics took a jolt Thursday with the announcement that five top female athletes had been suspended after failing doping tests.

LUKoil Release Eases Libyan Talks

Libya released a LUKoil executive from prison on Thursday, paving the way for smooth talks between Prime Minister Vladimir Putin and his visiting counterpart on booming trade ties.

Antitrust Penalties Could Rise To 10 Years

The Federal Anti-Monopoly Service said Thursday it would soon propose amendments to the Criminal Code that would introduce criminal liability for company executives responsible for price collusion and monopolistic activities in key sectors of the economy.

Golden Toilets and Outdated Laws at Air Show

Aircraft makers will be rolling out their flashiest models for private and corporate buyers this weekend at the International Trade Air Show, hoping to win a piece of the country's rapidly growing market for noncommercial jets.

Sechin's Ax

When examining the Mechel scandal, you can detect several symptoms of a larger, systemic malaise in Russia's economy.

Strength to Strength

The renowned School of Dramatic Art has continued to thrive since the removal of its managing artistic director in 2006.

Cleaning the Kitchen, Clothes and Mechel

Hygiene is real simple in English -- at least in terms of language. For the basics, all you really need to know are two verbs: to wash and to clean.

Injury Leaves Sharapova In Doubt for Olympics

The Associated Press
Maria Sharapova withdrew from the Rogers Open after her second-round victory Wednesday because of a shoulder injury, jeopardizing her participation in the Beijing Olympics.

New Plants Called Risk To City Air

New metallurgical plants being built in nearby regions will threaten the environment in Moscow, City Hall's environmental protection committee said Thursday.

Medvedev Picks Judge As Region's President

President Dmitry Medvedev nominated a Constitutional Court judge as the new president of the North Caucasus republic of Karachayevo-Cherkessia, but the regional parliament failed to convene Thursday for his confirmation.

Siberians See Eclipse Reviving Telescope

Reuters
From a garden bursting with roses, violets, burgeoning cabbages and broken furniture in this remote West Siberian town rises, a rickety wooden tower capped with an aluminium dome.

Business in Brief

Norilsk Releases H1 ResultsRussneft Bid May ProgressState to Support FertilizersZinc Firm's Profit Falls 80%Gazprom Q2 Profit RisesGunvor's $370M LoanAeroflot Cool on JAT Price

OGK-2 Sees Big Opportunities In Selling Ash to Cement Firms

OGK-2 is hoping to cash in on a by-product of its power production and help lower soaring costs for construction materials by selling coal ash to concrete producers, chief executive Stanislav Noveinitsyn said Thursday.

Finland's Atria to Buy Meat Firm Campomos

Pigs-to-pizza sausage maker Campomos, the first Western meat processing company to be established in the country after the fall of the Soviet Union, is being sold to Finnish food giant Atria for 75 million euros ($117 million).
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