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Business Watch
Notwithstanding the government’s claims that the recession couldn’t get any worse, the Russian GDP sunk by a record 10.9 per cent, the worst annual fall to date.
Written by Vijayalaxmi
on Tuesday, 15 September 2009 15:17.
Published in Economy
Etihad Airways will operate daily flights from Moscow to Cape Town (via Abu Dhabi) from September 30 this year. The airline will operate this new route, its fifth on the African continent, using Airbus A330 aircraft.
Written by Vijayalaxmi
on Tuesday, 15 September 2009 11:55.
Published in Aerospace & Aviation
The quota on entry of foreign top managers to Russia is set to go, thanks to a goodwill gesture by the Federal Migration Service (FMS).
Written by Vijayalaxmi
on Tuesday, 15 September 2009 11:52.
Published in Tax & Legal
President Dmitry Medvedev has attacked red tape and official extortion of small businesses, which figure prominently in his plans to modernize Russia.
Written by Vijayalaxmi
on Tuesday, 15 September 2009 11:37.
Published in Small Business
The government of the Nizhni Novgorod region will have its own trade office in Brussels, Belgium, in 2010, Governor Valery Shantsev has announced. In a reciprocal gesture, Belgium, too, intends to open an Honorary Consul’s office in the Volga city. Belgian Economics Minister Vincent van Quickenborne said this development would smoothen the Brussels visa process for Nizhni Novgorod residents, apart from giving a boost to bilateral contacts. It would also help trade relations between the two countries.
Written by Vijayalaxmi
on Tuesday, 15 September 2009 11:34.
Published in Regions
The state should take a more pro-active role in the construction industry so that more Russians would be able to afford homes, Russia’s Prime Minister Vladimir Putin said.
Written by Vijayalaxmi
on Tuesday, 15 September 2009 11:30.
Published in Property
Major real estate player Mirax’s assets were frozen by a Moscow court for not repaying a $242 million loan to Alfa Bank. Among the frozen assets is the Federation Tower, a landmark skyscraper under construction in the main business district of Moscow City.
Written by Vijayalaxmi
on Tuesday, 15 September 2009 11:27.
Published in Property
Russia’s powerful telecom lobby wants Skype’s Voice over Internet Protocol (VoIP) services to be shut down, citing threats to business and national security as reasons.
Written by Vijayalaxmi
on Tuesday, 15 September 2009 11:08.
Published in Telecom & Technology
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