Articles by Yulia Shmidt



New Rules Put Clinical Testing in Doubt

Clinical testing of medication may become illegal in Russia after the government issued insurance requirements for participating patients that are practically impossible to satisfy.

Heat Bites Into Sales of Summer Sweets

Sales of sugary goods have fallen at least twice as hard as usual this summer, as the abnormal heat causes consumers to stay away from sweets, retailers and producers said.

Wal-Mart Continues Discussions on Buying Lenta

Wal-Mart is currently in discussions with TPG Capital, a private equity fund and owner of a 25 percent stake in St. Petersburg retailer Lenta, on the possibility of buying it shares, an executive at the Russian retail firm said.

Entrepreneurs Plan New 5-Star Hotel

Four Seasons currently has two signed contracts to manage hotels in Moscow — Hotel Moskva and a hotel on Sofiiskaya Naberezhnaya, but the future of both projects is uncertain.

Drugs Price Freeze Could Hurt Supply

Producers are warning that price controls on pharmaceuticals could mean that some medicine will disappear from shelves.

Putin's Proposed Ban Worries Drug Sector

Pharmaceutical companies say prescription medicines may not reach the market if drug representatives are banned from meeting and greeting doctors.

State Railways to Offer Retail Space in Stations

But potential bidders say the lots are either too large or too pricey given the risky market.