Articles by Olga Solovyova



Sugar Boom Could Sour Under WTO

Russia might take steps to protect its sugar producers from imports after it joins the World Trade Organization later this year.

Yury Milner Leaves Mail.ru

Internet company Mail.ru Group announced Wednesday that its board chairman Yury Milner will leave the company, with its current chief executive Dmitry Grishin becoming CEO and chairman.

Yandex Uses Its Own Services for New App Wired

Yandex on Tuesday presented their new service, Yandex.Navigator, which is available on iOS and Android OS.

Railway to Invest $34M in Renovations

Russian Railways will invest more than 7 billion rubles ($34 million) in reconstructing railway stations this year, including 4.3 billion rubles for the reconstruction of stations in Moscow.

Leaders Not Swapping Residences

Under Russian law, the future president and prime minister should swap their official residences after the March 4 presidential election.

Stable Rental Rates Spark Office Moves

The Moscow office market looks set to maintain consistent momentum in the first part of 2012. Stable rental prices are likely to encourage tenants to relocate.

Electronic Signatures Coming

The country is one step closer to a new electronic signature system now that the FSB has taken steps to amend the 2011 electronic-signature law.

2011 Mail.ru Income Outperforms Yandex

Internet company Mail.ru said Friday that it increased net income by 156.9 percent last year to hit $207.6 million, putting it ahead of fellow market player Yandex, which achieved a 51 percent increase to $179.3 million net in 2011.

Accuracy a Challenge For Real Estate Sites

Accuracy and reliability are the main challenges for real estate databases on the Internet.

Medicine Makers Warned to Prepare for WTO

New regulations are needed on the pharmaceuticals market before Russia enters the World Trade Organization.

Finam in Conflict Over Perlov House

The Finam investment company is facing allegations from former Perlovy & Co. general director Zhanna Kirtbaya that it is illegitimately taking over a downtown landmark.

Waiting for WTO, Food Chains Look To Regions

Average food import tariffs in Russia will drop from the current 10 percent to 7.8 percent as soon as Russia's entry into the World Trade Organization is complete, but challenges remain in taking advantage of the new status, industry experts agreed during the Food Business Summit in Moscow on Thursday.

Kangaroo Meat May Return to Russian Tables

Australia is making a renewed effort this year to lift a 2009 ban on imports of kangaroo meat to Russia.

Family Center Slated for Moskva-City

Family entertainment will be added to the activities at Moskva-City with the opening of Masterslavl, or the City of Craftsmen, in the fourth quarter of the year.

Deal Makes Rusmolco Industry Leader

Agricultural producer and trader Olam International of Singapore and RussiaТs Rusmolco announced an УunprecentedФ investment deal Monday to make Rusmolco an international leader in dairy production.

Landlords Reveling in High-End Demand

About 850 high-end apartments were available for rent in Moscow at the end of last year according to industry experts, with more than half of that number costing approximately $6,000 per month.

Universal Card Held Off Another Year

The universal electronic card demonstrated by President Dmitry Medvedev in the spring of last year is facing delays, with the rollout that was scheduled for this month being pushed to January of 2013.

E-Commerce at $10Bln in 2011

Commerce on the Russian Internet amounted to $10.4 billion in 2011, according to media reports Ч an increase of 30 percent over the previous year Ч as leading e-commerce websites like Avito.ru saw huge increases in users and turnover.