The Moscow Times

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Obama to Visit Half Century After Famed Fair
By Nadia Popova / The Moscow Times Celebrations of the 1959 exhibition are to include the opening of a new Pepsi plant and a reception at the U.S. Embassy.

AvtoVAZ Won’t Last Without State Help
By Maria Antonova / The Moscow Times AvtoVAZ on Thursday announced a loss of 24.7 billion rubles ($791 million) in 2008 and said it may not be able to survive without further state support.

Unilever Scoops Out $140M For Largest Ice Cream Plant
By Maria Ermakova, Jeroen Molenaar / Bloomberg Unilever plans to spend $140 million on building Russia’s largest ice cream factory to tap the country’s increasing appetite for frozen desserts, a company executive said Thursday.

Cherkizovsky Set to Reopen on Friday
The Moscow Times Cherkizovsky Market, which was closed earlier this week for sanitary and storage violations, will reopen Friday morning, a source at the Federal Consumer Protection Service said.

Medvedev Scolds Slow Shipbuilder
Reuters President Dmitry Medvedev on Thursday lashed out at shipbuilder Sevmash for delays on a landmark contract with India to refurbish a Soviet-era aircraft carrier.

Ruble Bonds Outpace Dollar Notes
By Denis Maternovsky / The Moscow Times Demand for ruble bonds is also helped because Russian lenders are able to pledge the notes as collateral for loans from the Central Bank, helping create demand for the securities even as the nation remains more badly affected by the global credit crisis than most of its European neighbors.

Finland Approves Nord Stream Environmental Impact Report
By Kati Pohjanpalo / Bloomberg Thursday’s approval of the environmental report prepared by Nord Stream moves the Finnish permitting process forward, allowing the government to begin considering an application for the use of Finland’s Baltic Sea economic zone. The Western Finland Environmental Permit Authority will also consider permits for clearing naval mines from the pipeline’s route.

Sberbank Brushes Off Chinese Rival for Opel
Reuters BAIC, a local partner of German auto manufacturer Daimler assembling Mercedes Saloons in China, is working out a bid to be submitted before a mid-July deadline, a source familiar with the matter said.

Business in Brief
Unknown Medvedev Warns Governors / Hedge Fund Capital Rules / State to Aid Ailing Towns / Mechel Replaces Chairman / U.S. Poultry Ban Lifted / RusAl, RusHydro Sign Deal / MOL May Lose Field

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