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

Zubkov Subdued in Gazprom Debut
By Anatoly Medetsky / Staff Writer In a departure from his trademark brusque public style, First Deputy Prime Minister Viktor Zubkov read from prepared notes while delivering a carefully worded maiden speech as chairman of Gazprom on Friday.

Estonian Leader's Freedom Call Creates Storm
By Anna Smolchenko / Staff Writer The Kremlin left the Estonian president off the guest list for a Finno-Ugric conference last year. It might wish that it had snubbed him again this weekend.

Football Loss Can't Dampen Fans' Enthusiasm
By Max Delany / Staff Writer ""Only Russia and only victory,"" a drink-sodden football fan sang without irony as he rode the metro home alone at 1 a.m. Friday.

News in Brief
Putin Eyes Call-In Show2 Bombs Rock AbkhaziaBerezovsky-Belarus Link?For the Record

Rebel Bishop Refuses to Leave Church
The Associated Press A renegade Russian Orthodox bishop defied a church order barring him from leading services Sunday and rejected a demand that he repent.

Cash Couriers Robbed During Football Game
By Alexi Shaw / Special to The Moscow Times As much of the city was engrossed in a football match, armed assailants attacked two cash couriers delivering money to a Russky Standart bank branch in southwestern Moscow, killing one and briefly making off with millions of rubles.

Business

EU Takes 'Leap of Faith' in Medvedev
By Anna Smolchenko / Staff Writer Russia and the European Union on Friday kicked off long-delayed talks on a new partnership pact after the EU appeared to concede to a key demand by President Dmitry Medvedev.

Sberbank Gives Investors Conservative Reward
By Nadia Popova / Staff Writer Sberbank, the country's largest lender, will stick to a conservative dividend policy after 29 percent growth in profits at the state-owned bank from 2006 to 2007, CEO German Gref said following a shareholders meeting Friday.

Foreign Investors Eagerly Eye Chance to Buy Into Farmland
By Nigel Hunt / Reuters Record prices for crops such as wheat and corn this year have sparked a surge of investment interest for farmland in Russia and Ukraine, a region with large untapped potential but also significant risk.

Business in Brief
Coal Mines' Work HaltedAlrosa Ups May Prices 25%Ruble Corridor to WidenAcron Purchases ExplorerBanks Buy Telecoms StakesAnti-Monopoly WarningFor the Record

Paulson to Meet Medvedev, Putin
Reuters U.S. Treasury Secretary Henry Paulson arrived Sunday in Moscow for talks with President Dmitry Medvedev and Prime Minister Vladimir Putin.

Finns Get Nowhere in Timber Feud
By Oleg Shchedrov / Reuters Finland's president makes her case over timber tariffs during a meeting with Medvedev.

Lavrov: Few Concessions Over WTO
By Nikolaus von Twickel / Staff Writer Moscow will make few compromises with the European Union in a wood tariffs dispute seen as the final hurdle in the country's bid to join the World Trade Organization, Foreign Minister Sergei Lavrov said Friday.

Putin Offers Assurances On Inflation
The Moscow Times Prime Minister Vladimir Putin said Sunday that a recent decision to boost the minimum wage ""shouldn't have a serious effect"" on inflation.

Putin Lauds Ukraine's Gas Payments
Reuters, AP, Bloomberg Prime Minister Vladimir Putin on Saturday praised Ukraine for making timely payments for its gas supplies this year during new pricing talks and welcomed a pledge to host Russia's Black Sea Fleet until 2017.

Struggling Stocks Spur New Record Oil Prices
Reuters, Bloomberg, MT Oil hit another record of just under $143 as global stocks tumbled last week, with the Dow briefly dipping into bear market territory as investors sought safety in gold, government debt and the Swiss franc.

Opinion

Life After Death in EU
According to a Brussels anecdote, the main revelation of every European Union presidency at the end of its six-month stint is that there is life after death after all.

Vladimir Frolov: Putting Some Meat in EU Summit Talks
In Khanty-Mansiisk on Friday, Russia and the European Union finally kicked off negotiations on a new strategic agreement.

Alexei Bayer: Hiddink No Corrupt Nincompoop
Economists and investors like talking about the BRIC countries, meaning Brazil, Russia, India and China. Besides making a clever acronym, it would seem that the four don't have a lot in common as far as history, culture or economic structure is concerned.

City Wise

Ride the Library Train
By Lara McCoy Roslof / Special to The Moscow Times What to Do

Looking Behind The Mirror
By Svetalana Osadchuk / Staff Writer Women are starting to pay attention to the composition of their cosmetics.

Dining

Wall St. Watering Hole
By Nathan Toohey / Staff Writer Wall St. Bar, as the name might suggest, is positioning itself as a place for stock traders and the like to unwind after a hard day working the markets.

Salmon Kebab
Chef's Secrets

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