The Moscow Times

Market Matters: As Conflict Ends, Markets on Road to Recovery
After tumbling to its lowest point in almost two years on Tuesday, Russia's MICEX Index began to slowly claw its way back over the rest of the week, suggesting a possible end to the volatility that has plagued the country's markets since tensions erupted between Russia and Georgia on Aug. 8.

News

Yavlinsky Resigns as Yabloko Leader
By Natalya Krainova / Staff Writer Grigory Yavlinsky has abruptly stepped down as Yabloko leader, apparently ending a rift that had threatened to split the liberal party and spurring hopes that it would be able to make a political comeback.

Stores and Party Planners Profiting on Proms
By Anna Malpas / Staff Writer The days of homemade outfits are turning into a thing of the past as this rite of passage is becoming increasingly commercial.

Lavrov Urges Delay on Missile Defense
By Francesca Mereu / Staff Writer Foreign Minister Sergei Lavrov on Friday urged the United States to delay deployment of elements of a planned missile-defense system in Europe and called on NATO to halt its eastward expansion.

News in Brief
Council Hearing PostponedMedvedev Warns on Ecology

Chechens Fight at Kadyrov Tourney
By Nabi Abdullaev / Staff Writer The Mir Concert Hall was full of the sound of fists hitting ribs and heels landing on skulls Saturday, all in the name of Chechen President Ramzan Kadyrov, known as a connoisseur of raw violence and a patron of the martial arts.

Drivers Can Drink After July 1
By Yelena Shuster / Special to The Moscow Times Drivers with alcohol in their bloodstream will soon be allowed to get behind the wheel, as a longstanding zero-tolerance statute passes out of effect.

Medvedev In Brest for Memorial
By Anna Malpas / Staff Writer Dmitry Medvedev made a one-day visit to Belarus on Sunday, his first since becoming president, for the anniversary of Nazi Germany's invasion of the Soviet Union on June 22, 1941.

Business

Deutsche Bank Wins Putin's Praise
Reuters Prime Minister Vladimir Putin praised Deutsche Bank’s operations in Russia at a meeting with chief executive Josef Ackermann on Friday, amid media speculation that Russian tycoons are building a stake in the bank.

Medvedev Slams Fake Textiles
MT, Bloomberg President Dmitry Medvedev said Friday that about half of textiles sold in the country are counterfeit or contraband and ordered former Kremlin powerbroker Igor Sechin to resuscitate the domestic textile industry.

MegaFon Accused of Illegal Expansion
Reuters Tbilisi accused MegaFon of illegally expanding its network into Georgia's breakaway region of South Ossetia on Friday.

Business in Brief
Mechel to Boost ProductionOil Field Facilities FinishedYandex Opens U.S. OfficeSakhalin-1 Wells DelayedGasunie's Nord Stream StakeIlim to Boost Office PaperFor the Record

Probe of Kemerovo Coal Mines Starts Monday
Reuters Authorities on Monday will start a month-long inspection of safety standards at Siberian coal mines, where accidents have killed more than 150 miners in the past 16 months.

RusAl Wants 2 Independent Directors Elected at Norilsk
Reuters United Company RusAl urged Norilsk Nickel shareholders on Friday to elect two independent directors in a high-stakes June 30 vote for control of the board at the world's largest nickel miner.

Gazprom Neft to Acquire More Assets
By Vladimir Soldatkin / Reuters Gazprom Neft plans to acquire new assets and so cannot yet predict its 2008 dividends, the firm’s president, Alexander Dyukov, said Friday.

Sechin Sees Resolution With TNK-BP
By Miriam Elder / Staff Writer Moscow prosecutors, meanwhile, find two ‘insignificant’ labor violations during an investigation of the firm.

1,000-Car Garage to Be Dug Under Tverskaya
The Moscow Times Moscow is planning to build 2.5 million square meters of underground facilities in the next three years, including a spacious parking facility under Tverskaya Ulitsa, a municipal official said Friday.

Developer Bets Prokhorov $10M He Will Fail
Reuters Billionaire Mikhail Prokhorov plans to snap up Russian real estate on the cheap as developers buckle under the weight of expensive materials and credit, but a top Moscow property developer is betting $10 million he can’t.

No Russia Correction Amid Global Gloom
By Catrina Stewart / Staff Writer Summer may have arrived in Moscow, but ongoing gloom on global financial markets just keeps raining on its parade.

Cement Prices Take First Drop
By John Wendle / Staff Writer The price of cement in Moscow and the surrounding regions has dropped by nearly 10 percent this month, the first decrease that the soaring construction market has posted since 2005.

Uralkali Billionaire Buys Trump's Florida Home
Reuters Urals fertilizer billionaire Dmitry Rybolovlev is the new owner of Florida’s most expensive house after paying U.S. property tycoon Donald Trump $100 million for the waterfront property.

Moldova Gets Support to Boost Wine Sales
The Moscow Times Moldovan Prime Minister Zinaida Greceanii won support from Prime Minister Vladimir Putin on Friday for an increase in Moldovan wine sales in Russia.

Opinion

When I Say Russia, You Say ...
On June 12, amid the festive revelry of Russia Day, a goodly chunk of the populace may have missed the bell for round two of Rossia television's ""Name of Russia"" contest, a ""grandiose"" national project whose odd-sounding title should not obscure its noble aim -- to identify a single individual as the most significant figure in Russian history.

Richard Lourie: Advice for President Obama
Hard as it will be for Barack Obama to bring change to Washington should he become president, it will be harder still to bring change to Washington's relations with Moscow.

Matthew Collin: Worrying Sign Of Crackdown On Azeri Press
It's been some time since the name of Che Guevara struck fear into capitalist souls. Now the Argentine revolutionary is more of a money-spinner himself -- a hip totem used to sell countless numbers of T-shirts and other trinkets carrying his iconic bearded visage.

Sports

Jubilation Greets Unexpected Victory
By Nadia Popova / Staff Writer Football fever climbed another notch Saturday night as more than 500,000 fans took to the city's streets to celebrate Russia's 3-1 upset victory for a place in the semifinals over the Netherlands in Euro 2008.

Russia Surges Into Semi Full of Confidence
Reuters Russia has steamrollered its way past Netherlands into the Euro 2008 semifinals with an exciting brand of football and an ever-growing self-belief.

City Wise

Diky Ris Hits the Center
By Nathan Toohey / Staff Writer The opening of the original Diky Ris late last year was promising, as the democratic Japanese eatery offered more than just the typical selection of sushi, sashimi and rolls, including some other Asian cuisine.

Go for a Walk in a Garden
By Lara McCoy Roslof / Special to The Moscow Times What to Do

Career

Embracing the Unexpected
By Maria Antonova / Staff Writer Once a typical American girl from Colorado, Laura Williams left the city for a tiny village in rural Russia.

Restaurant News
By Nathan Toohey / Special to The Moscow Times

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