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Today's paper. Last Updated: 02/21/2012
Articles by Irina Filatova
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Forum Considers Next President's Economic Policy

Influenza and routine work confused the plans of participants in this year's Krasnoyarsk economic forum Friday, as some government officials and entrepreneurs ignored the event that claims to be one of the biggest venues for the country's business to meet with the political elite.

New Property Tax a Work in Progress

If the government's plans come to fruition, this year will be spent completing property evaluations across the country according to market-based standards, paving the way for the implementation of a new property tax, which could partially enter into force as early as 2013.

VTB Buyback Details Finalized

State-controlled bank VTB will buy back its stock from retail investors at the 2007 issue price of 13.6 kopeks per share over the next two months in a move aimed at preserving the reputation of the country's second-largest lender.

Putin Has Plethora of Business Ideas

President of state-controlled bank VTB Andrei Kostin on Thursday called for business to support the government ahead of next month's presidential election, hinting that entrepreneurs' participation in opposition protests could be hazardous to their health.

Russia Last in BRICS For Faith in Business

Russia has seen the degree of confidence in its authorities falling dramatically this year in the wake of recent anti-government protests, as a survey said Wednesday that only 26 percent of respondents trust the government, down from 39 percent in 2011.

Oktyabr Getting Facelift, Residents Concerned

Walking along the Moskva River embankment a couple of kilometers from the Kremlin, passersby won't smell the sweet chocolate aroma that filled the air just a few years ago.

VTB Buyback Idea Fails to Impress

Prime Minister Vladimir Putin’s idea to buy shares of state-controlled bank VTB back from retail investors who had borne losses as a result of the global financial crisis appeared to find little support among government officials and the bank’s minority shareholders.

Boob Tube Advertising Still Outdoing Internet

Although the number of Russia's Internet users is steadily growing, television is likely to remain more important for advertisers, who are expected to spend half of their ad budgets on TV commercials over the next decade.

Depository Affecting Rostelecom's Listing

State-controlled telecoms operator Rostelecom might give up its plans to proceed with listing on the London Stock Exchange after a central securities depositary is launched in Russia by 2013.

Investors Give Rallies Mixed Reviews

Climate was a recurring theme at a forum Thursday with government officials and investors discussing Moscow's severe frost and the impact next month's presidential election will have on the business environment.

Kudrin Says Job Swap Not Decided in 2007

Former Finance Minister Alexei Kudrin, who has offered to mediate talks between the Kremlin and the opposition, said he did not believe that Vladimir Putin and Dmitry Medvedev agreed four years ago to switch jobs in 2012.

Hotel Prices Rising, But Still Not Exorbitant

The number of quality hotel rooms in Moscow is expected to grow 6 percent this year to 32,500, as several international hotel chains plan to put eight big projects into commission.

Putin Proposes Park on Rossiya Site

Prime Minister Vladimir Putin has proposed creating a park near the Kremlin on the land formerly occupied by the Rossiya Hotel to improve the traffic situation in the city center and benefit Muscovites.

Nord Gold Ponders Investor Awareness as Trading Begins

Nord Gold, the gold miner whose split-off from Severstal is underway, was valued at nearly $2.8 billion during the first day of its trading in London on Thursday, in what the company said was a predictable result.

Finnish Politics Won't Fluster Bilateral Trade

Finnish businessmen said Tuesday that they expect economic relations between Russia and Finland to strengthen in the future regardless of who wins the race for the presidency in both countries, where elections are rapidly approaching.

Shuvalov: Russia at 'Boundary'

The anti-government rallies across Russia last month were an indication of the country's active economic development rather than political instability, and more protests are possible with the future growth of Russia's economy.

Severstal's Gold Miner Split-Off Is Successful

Steel giant Severstal said Monday that enough minority shareholders agreed to swap the steelmaker's shares for the securities of its gold-mining unit Nord Gold, paving the way for the unit's London listing later this week.

Soldatenkov Stepping Down From MegaFon

Telecommunications giant MegaFon is preparing for changes in its management structure, with the announcement Friday that chief executive Sergei Soldatenkov plans to step down after nine years at the helm.

Putin Threatens Firings Over Tariffs

Prime Minister Vladimir Putin on Thursday threatened to oust governors of regions where utility tariffs have skyrocketed this year if he wins the presidential election in March.

Santa Out-Earning Ded Moroz

When Anatoly Shishkin found an online advertisement by a private kindergarten seeking a freelancer to portray Ded Moroz, or Father Frost, at a kiddy party five years ago, he didn't expect that the one-off job would become a long-term career.

Putin Says 4-Year Income Is $570,000

Prime Minister Vladimir Putin earned about 17.7 million rubles ($570,000) over the last four years, with part of the income coming from 10 bank accounts where he has 5.7 million rubles, according to an income declaration.

Miner Gets Seat on Federation Council

Pavel Maslovsky, CEO and board member of gold miner Petropavlosk, is giving up his position with the company to become a Federation Council senator.

City Office Boom Moving Toward the Suburbs

Information technology companies were the leading tenants of new offices in Moscow this year, taking the largest portion of space in a segment that is expected to exceed $3 billion in value.

Unified MICEX-RTS Bourse Begins Trading

With the ring of a bell and a salvo of red and blue confetti, trading on the merged MICEX-RTS bourse started Monday in a major step toward turning Moscow into an international financial center.

Wait for WTO Membership Is Over

The World Trade Organization officially welcomed Russia as a member Friday, bringing the curtain down on the country's 18-year accession process.

Commerce Chamber Sees Positive Changes

The outcome of the parliamentary elections in Russia is expected to be beneficial for domestic business because the new State Duma structure will provide a democratic environment for discussing new legislative initiatives.

Bentus Gets Major Distributor

Johnson & Johnson has agreed to become an official distributor of skin sanitizers produced by domestic manufacturer Bentus Laboratories, part of the localization trend by drug makers seeking to capitalize on the country's robust pharmaceutical market.

OECD Outlines Steps to Accession

Russia should improve its business climate and further modernize its economy to  the standards of the Organization for Economic Cooperation and Development, as a number of problems still hamper the country's accession to the group.

Putin Blames Clinton for Unrest

Prime Minister Vladimir Putin accused U.S. Secretary of State Hillary Clinton of instigating the public protests against the State Duma elections as tens of thousands of people signed up to rally this weekend.

Drug Maker Sees Market Risk

The growth of the domestic pharmaceutical industry might decline next year if the situation in Europe and the United States, which are struggling to fight a sovereign debt crisis, deteriorates.
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