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Searching for a New Strategy On Migration

By Olga Troitskaya

... stay for up to three months while searching for a job. In response to growing discontent with the high level of immigration, the authorities have started to limit access of foreigners on the Russian labor market. The introduction of labor quotas for CIS immigrants helped to lower their official number: from 6 million people in 2007 to 4 million in 2009 to 1.7 million in 2011 and 2012. But instead of deterring potential immigrants, this policy has only pushed millions of them into the shadows. Russia's...

Putin Looks to Strengthen Ties With Former Soviet Neighbors

By Alexander Bratersky / The Moscow Times

... CSTO and other countries like Ukraine, Uzbekistan, Azerbaijan and Moldova. Meeting with his Ukrainian counterpart Viktor Yanukovych on the sidelines of the summit, Putin called on Ukraine to ratify a free trade agreement it has signed along with other CIS states. Relations between Russia and Ukraine have grown increasingly tense since former Prime Minister Yulia Timoshenko was jailed last year. She was sentenced to seven years on charges that she signed a damaging gas treaty with Russia during Putin’s...

Sleepless in Russia: The Challenges of Hotel Automation

By Alexander Skoblo and Andras Haragovitch / Salans

... New York could marvel through a large glass window at Yobot, the world's first robotic hotel luggage handler that stores your luggage for you, without the awkward "Should I be tipping the bellboy?" moment. Alex Skoblo Partner and Head of CIS Hotel & Hospitality Practice Group Salans Approximately a year ago, pedestrians walking by the Yotel Times Square hotel in New York could marvel through a large glass window at Yobot, the world's first robotic hotel luggage handler that stores your...

Luxury Hotels Compete to Raise Service

By Alec Luhn / The Moscow Times

... luxury segment, market players said. Service is a key component of what these hotels are selling. Along with brand image, superior service is the main way that luxury hotels attract guests, said Marina Usenko, head of Jones Lang LaSalle Hotels Russia & CIS. "It's the image and the level of attention and level of service they give to clients," Usenko said. As competition on the luxury segment in Moscow continues to grow — several premium hotel projects, including a Four Seasons hotel...

Nationwide Hunt Begins for Business Angels

By Justin Varilek / The Moscow Times

... out — by selling their share to a larger investor or through an initial public offering, or IPO. The most well-known exits have been from Sapato, Qik, Evernote and EPAM, said Kanr Lidzhiyev of Preqveca.ru, an analytical website devoted to Russia and CIS private equity and venture financing. He estimated that these companies yielded returns of eight times, 10 times and even higher. “But, no one mentions the failures,” he said. “There are a few super-successful exits and an unknown number of failed...

Syria Thriving on Russian Coal

Reuters

... euro from the dollar in deals facilitated by the Syrian state bank and black-market players, a cement company executive said. "We use banks in Damascus and Moscow," Al Badia Cement procurement official Tarik Al-Akkari said at the Adam Smith CIS Coal Conference. "We use the National Bank of Syria. And we use the black market. The black market is very active." International sanctions have made it difficult for Syrian businesses to obtain U.S. dollars and deterred many shippers from...

VimpelCom Stock Shaken by Court's Payout Ban

Reuters

... dividend payments to shareholders. The injunction is the latest chapter in a legal case brought by the Federal Anti-Monopoly Service following an increase of Telenor's voting stake in VimpelCom, a multinational telecoms group with assets in Russia, the CIS, Italy and North Africa. The antitrust watchdog filed the lawsuit in April, alleging that the deal between Telenor and Sawiris violated a Russian law on foreign ownership of Russian companies. "In connection with this newest injunction …...

Putin-Fatigue Will Be His Achilles' Heel

By Lilit Gevorgyan

... property. These challenging reforms require a fresh vision, energy, devotion and time to materialize. But as Putin will be nearing his 70th birthday by the end of his third presidential term, he may not be fit for the job. Lilit Gevorgyan is Russia/CIS country analyst at IHS Global Insight, Jane's Information Group. 458177

O1 Properties Pulls IPO, Blames Instability on World Bourses

By Rachel Nielsen / The Moscow Times

... Vivaldi Plaza, Olympia Park and Lesnaya Plaza, three of which are newly completed. It also has two sites under development. The outlook for commercial real estate is optimistic, said Charles Boudet, managing director for Jones Lang LaSalle in Russia & CIS. The real estate consulting firm has served as middleman for many leasing deals in Olympia Park and Vivaldi Plaza. At both O1 Properties and other sites, "the deals that we've been closing include a component of growth," he said, with companies...

Real Estate Prospects in Russia Promising

By Steve Openshaw / Deloitte CIS

... global economic crisis between 2008 and 2010. Growth has since returned to the market and looks set to continue, although global developments and local bureaucratic issues could create problems. Steve Openshaw Real Estate Group Leader Deloitte CIS The Russian real estate market was hit hard by the global economic crisis between 2008 and 2010. Growth has since returned to the market and looks set to continue, although global developments and local bureaucratic issues could create problems. ...

The Impact of Recent Legislation on Russian M&A Deals

By Andrey Ageshin and Roman Kolpakov / Art De Lex Law Firm

... there is currently a trend in which about one fourth of the market share is made up of transactions the state companies are involved in. By the same token, major transactions are usually made between Russian companies. We believe that market growth in CIS will continue. As for the Russian M&A market, prospects are rather positive. Foreign investors are greatly anticipating the Russian Federation's accession to the World Trade Organization after the World Trade Organization Ministerial Conference approves...

Residents Band Together at Elite Village

By Rachel Nielsen / The Moscow Times

... attending kindergarten at Rosinka. “We are scared that it could happen,” he said. Out of all of the residents who have had disagreements with management, “our situation was probably the most extreme,” said another resident, a CIS national who runs the Russian division of a tech company. He declined to be named because he didn’t want his job linked to his Angelovo complaints. His last service contract expired in October 2010, and he hasn’t had one since then —...

Lawyers Greet WTO Warmly

By Alec Luhn

..., countries may try to resolve disputes through consultations and, if that fails, have a WTO panel hear the case. Both stages of the procedure require the services of technical and legal experts, said Alexander Bychkov, a partner at Baker & McKenzie CIS specializing in tax and customs law. Meeting the conditions of WTO multilateral agreements and individual commitments will generate new work for lawyers. Already, foreign companies have sought expert advice from Baker & McKenzie on raising trade disputes...

Low State Salaries at Heart of Doctor Deficit

By Peter Spinella / The Moscow Times

... drugmaker in Moscow or a clinic in Europe. "In France, a doctor working at a hospital earns 7,500 to 10,000 euros [$10,000 to $13,000] a month," Caroline Galliaerde, CEO of recruitment and executive search company Brainpower in Russia and the CIS, said by e-mail. "Highly professional specialists earn even more." A marketing director at a pharmaceutical firm in Moscow gets a starting salary of 150,000 rubles ($5,000) a month, according to Brainpower. A marketing manager or product...

How to Win in the Human Age

By Felix Kugel / ManpowerGroup Russia & CIS

... evolved over time, and that our models and business strategies so deeply rely on, are changing as a result of powerful macro-economic forces conspiring to reshape our world. Felix Kugel Vice President & Managing Director ManpowerGroup Russia & CIS We live in the most transformative era the world has ever seen. The familiar economic systems and structures that have evolved over time, and that our models and business strategies so deeply rely on, are changing as a result of powerful macro-economic...

Efimov, Dmitry

... institutes; participation in profile exhibitions; technical consultations concerning industrial applications of different kind of plastics; business trips; claim service; check and preparation of commercial offers. 06/2005 - 11/2006 - Russia and CIS representative of engineering company "Hecht International" (Germany). Start-up project in Russia. Company’s direction of activity: design, engineering and installation of clear water and gas treatment and transportation systems, including...

Mid-Level Ready to Take In Tourists

By Peter Spinella / The Moscow Times

... tourism program and easing visa regulations. "I don't see a direct link between our business and the number of parks, but it is a positive development for the city," said Mikhail Kolesnik, Marriott's director of development for the Russia/CIS/Eastern Europe area. "The city needs to establish a real market-oriented tourism program." "When you're coming to Moscow from Europe, you're not coming to walk in a park," HVS's Korobkin said. "Let's be realistic, the number...

Making Money With Today's Retail Model

By Natalia Tischendorf / Jones Lang LaSalle, Russia & CIS

What are the latest trends in the retail real estate market, and why are the regions still so challenging for many developers and investors? Natalia Tischendorf National Director, Capital Markets Department Jones Lang LaSalle, Russia & CIS What are the latest trends in the retail real estate market, and why are the regions still so challenging for many developers and investors? Retail real estate has become one of the first sectors in Russia's real estate market to climb back to its...

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