Articles by Conor Humphries

Suspected Hijackers Appear in Court

  • 24 August 09
  • Reuters
The eight suspected hijackers of the Arctic Sea cargo ship that went missing in the Atlantic Ocean appeared in a Moscow court on Friday to be formally charged with piracy and kidnapping.

Madonna Sold Out in Record of 4 Days

All 30,000 tickets for Madonna's debut show in Moscow sold out in four days, a record for Russian rock concerts, according to the company that organized the show.

Yeltsin Makes Comeback in Ireland

The former president's three-day trip includes a fishing expedition and, not surprisingly, some whiskey.

Label Bottleneck May Last Months

On July 1, the government rolled out an elaborate FSB-designed computer system intended to eliminate the danger of tainted alcohol and to improve transparency and accountability in the wine and spirits market.

Market Has Become Cleaner, Report Says

Russia's real estate market is becoming cleaner as more developers adopt Western practices a new global report by Jones Lang LaSalle says, classifying Russia alongside EU member states Greece and the Czech Republic as ""semi-transparent.""

Report: AvtoVAZ Director Resigns

  • 01 August 06
  • Staff Writers
AvtoVAZ general director Igor Yesipovsky has resigned, strengthening the possibility that a foreign carmaker like Renault may buy into the company, Kommersant reported Monday.

St. Pete to Get $11Bln Power Boost

Electricity monopoly UES and St. Petersburg Governor Valentina Matviyenko on Thursday signed off on a plan to pour $11 billion into St. Petersburg's electrical infrastructure by the end of the decade.

Rival for Aeroflot Based on KrasAir, Paper Says

The government is planning to create a state-controlled rival to flag-carrier Aeroflot by consolidating No. 5 airline KrasAir with stakes in four smaller airlines, Interfax reported Monday, citing an unidentified source in the Federal Property Management Agency.

IKEA Not Allowed to Build Store

Plans by Swedish furniture multinational IKEA to build a store on land it owns in northeast Moscow have been overturned by a court ruling that says the land is part of a national park, a senior environmental official said.

Wine Businesses Drying Out

From wine restaurants with no wine to hypermarkets with only one brand of whiskey, businesses are feeling the pain from the spectacular failure of a new system of alcohol excise labels.

St. Pete Firms Count Up Their Losses

While millions of dollars were lavished on world leaders at the Group of Eight summit this weekend, many St. Petersburg businesses were left out of pocket as swathes of the city's infrastructure were closed down.

Prices Push Buyers Beyond MKAD

Muscovites are increasingly buying up apartments in the Moscow region, the only place left where they can realistically find an apartment for less than $100,000.

City Hall to Help Hotel Developers

A plan to offer subsidies and discounts may attract more investment in hotels.

Boozing Is Good for Russia, Lobby Says

Alcohol ads are good for democracy and alcoholism doesn't hurt the economy -- or at least that's what Russia's alcohol lobby would have you believe.

Sibir Faces a Rough Ride After Airplane Crash

Sibir could well be the unluckiest airline in the world.

Firms Jump on the SMS Bandwagon

With digital pictures, competitions, MP3s and ring tones, the market is now worth $80 million per year, a consultancy says.

Court Rules Against Office Demolition

Europa House, a major Western-financed office building near Chistiye Prudy, in central Moscow, may finally open its doors after five years of legal wrangling following a decision by the Moscow Arbitration Court.

State Eyes Airports Holding, Paper Says

The government is considering consolidating the state’s airport holdings into one company, Kommersant reported Monday, citing a source in the Transportation Ministry.

Sibir Jet Veers Off Runway, 122 Dead

An Airbus jetliner slid off a rain-soaked runway, crashed into a concrete barrier and burst into flames at the Irkutsk airport early Sunday, killing at least 122 of the 204 people on board.

Aeroflot Rebuffs Smuggling Allegations

Flagship carrier Aeroflot on Wednesday dismissed as hearsay allegations that its staff members had been involved in the organized smuggling of counterfeit DVDs into the United States.

Mirax Eyes Skyscraper Expertise

Mirax Group, the Russian developer behind the Federation Tower, has set up a company to manage the tower and other skyscrapers popping up around Moscow.

As Moscow Shelves Empty, Wine Buffs Fret

The owners of Jean-Jacques, a French cafe in central Moscow, have been told to clear their shelves of about 300 types of wine by Saturday morning.

All Incoming Calls Will Be Free

All incoming calls to cell phones will be free starting this weekend, but cell phone users will have little to celebrate because their monthly bills are expected to stay about the same.

Dividing the Spoils of the Boom

More than 10 percent of the price of the average new apartment in Moscow goes into the pockets of corrupt officials, according to a recent report by Izvestia.

Gazprom Tapped for Big Electricity Role

Industry and Energy Minister Viktor Khristenko told the State Duma on Wednesday that he expected gas companies to play a big role in the restructuring of Russia's electricity market, saying they were in a key position to increase the notoriously low efficiency of the sector.

Developers Looking to IPOs

As Sistema-Hals readies to become the country's first foreign-listed developer, IPOs seem to be far off for the firm's local rivals.

After 7 Years, Cabinet Backs Chubais

  • 08 June 06
  • Staff Writers
The Cabinet on Wednesday agreed to liberalize the electricity market and approved a $90 billion investment plan for the sector.

Apart-Hotel Fad Spurred by Need for Faster Profit

When is a hotel room not a hotel room?

Pyotr I Hotel Opens Its Doors

Mayor Yury Luzhkov last week opened a new 134-room hotel on Neglinnaya Ulitsa in central Moscow, promising 15 more openings before the end of the year.

Russia Abandons An-70 Venture

Russia has finally pulled out of an ill-fated joint venture to produce the An-70 military transport plane in Ukraine after 22 years of crashes, political wrangling and failed sales pitches, according to Ukrainian Defense Minister Anatoly Gritsenko.