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. Last Updated: 07/27/2016

A brief look at the stories making headlines in the Russian-language press


World stock market professionals are likely to lose hope in the "new economy." Thus, the index NASDAQ June futures in Chicago fell by 110 points yesterday, which is the maximally permitted fall in the Chicago exchange for one day. The stock indexes in Europe and Asia are falling after the American ones. Only small investors in the USA are maintaining the electronic economy afloat by its optimism and unwillingness to admit losses.

Businessman Gennady Ivanov, 45, general General of the Kvarton concern, was killed yesterday. The story describes how it happened.

The Tax Ministry's plan for taxing citizen's incomes has been submitted by the government to the State Duma. The story reports on how the government has done it.

Microsoft, a leading American corporation, has lost almost one-fifth of its value and may be forced to break up. Economic analyst Mikhail Leontyev comments on the 'whims' of American antitrust legislation and the company's position in the American high tech market.

What is Deputy Prime Minister Valentina Matviyenko's political future? Seven politicians share their views on this question.

The joint collegium of the State Property Ministry and the Anti-Monopoly Ministry discussed a new scheme of privatizing state property and the problem of boosting small businesses. The story reports on how these two issues may be combined.

President-elect Vladimir Putin's trip to Murmansk showed that the head of state remembers his principle of "equally distancing all oligarchs." The story describes how Putin managed to force leading companies to state their differing views in public.

The CIS military has conducted in Moscow a commanding training session of the CIS united anti-defense system. The story highlights the session.

The International Monetary Fund decided to intensify control over the use of credits released to countries experiencing financial hardships. The story looks at the measure.

In an interview Yury Rovensky, general director of the new company Universe-Online, which began operations in March 2000 and has charter capital of $30 million, speaks about his company and about its commercial activities through the Internet.


Moskvich has become the first enterprise in Russia to have restructured all its debts to the federal budget according to the scheme of last year's Resolution No1002. This was stated by Deputy Prime Minister Viktor Khristenko.

The latest developments in the American high tech stock market show that investors have no intention of wasting their money buying up everything on the Internet. Now investors are chosing more carefully the Internet companies they prefer.

Tax Minister Alexander Pochinok promised to lower taxes by more than a third for the domestic advertising business. Along with this, the Finance Ministry stated that agencies rather than their clients will soon have to pay an advertisement tax.

The Sverdlovsk Regional Arbitration Court ruled out that a bankruptcy procedure be started in the Kachkanar GOK. The story reveals the essence of the measure.

At a session of managers of chemical enterprises and organizations, Deputy Economics Minister Andrei Svinarenko proposed that they independently combat anti-dumping by creating a special center that could defend their interests.

Mannesmann Director-General Claus Esser does not want to part with a machine-building section of his company, despite the fact that he has strong adversaries. The story looks at Esser's arguments and at his adversaries. (B2)

Deutsche Bank and Dresdner Bank have given up their plans to create a leading bank in the world. The story says why.

The Moscow Raiffeisenbank Austria announced a considerable lowering of its demands in relation to private depositors who would like to open accounts.

The European Bank for Reconstruction and Development has lost the court case against Runicom company, a shareholder of Sibneft, from which it demands a return of $58 million.

The St. Petersburg Telephone Network has struck an agreement with its creditor - the Japanese NEC corporation - on restructuring its $70 million debt.

Though only 2 percent of the Russian population use the Internet, it is already providing Russian express-delivery services a new and promising market in delivering foods and goods bought in virtual shops. The story describes the market and its services.


The story reveals the essence of UES head Anatoly Chubais's global plan for reforming the company, which was generally approved by its board of directors and now has to be regulated by several state departments.

Was the "by force" variant of regulating the Kosovo conflict a year ago inevitable ? In an interview NATO Secretary General George Robertson answers this and other questions about the NATO military operation in Yugoslavia.

State Duma deputy Konstantin Remchukov (Union of Right Forces faction) reports on how PR technologies may be used for positive goals, saying that everything depends on those who use them.

The International Monetary Fund, a major creditor of Russia, would like to have more information about the activities of its financial agencies, the Central Bank above all. The IMF has serious claims to the CB, which is accused of providing in 1996-1998 distorted information about its gold currency reserves. The story comments on the IMF's demands to the Central Bank.

The most widely publicized issues in Chechnya today are the presidential rule and the post of head of the republic. The story's title is "Will Vladimir Putin Become President of Chechnya?"

In an interview Rifkhat Shakirov, deputy head of the State Duma Power Engineering, Transport and Communications Committee, notes that concern about pipeline transport may become the foundation for CIS economic integration. The author explains why it's expedient today.

Sergei Rogov, director of the Institute of the USA and Canada, speaks about a dominant place of the USA in Russia's foreign policy in the not so distant future, saying that all calls to reject the "American tendency" in Russian policy are unrealistic.

Russia's permanent representative in the European Union Vasily Likhachov believes that both sides, despite differences, are willing to boost a strategic partnership. In an interview Likhachov talks about different aspects of Russia-EU collaboration.


New personnel changes began on April 5 in the group of commanders of the Russian federal troops in the North Caucasus. The story discusses several of them.

Mayor Yury Luzhkov met with deputy chief of the Kremlin administration Vladislav Surkov to discuss a new plan for state governance and improvement of relations between federal authorities and the regions. Along with this, the presidential administration has developed a plan to reform the federation, which envisages 12 federal okrugs (regions). What links these two events is the fact that Luzhkov is named as an author of the plan for the federation reform. Also covered in Noviye Izvestia.

In an interview Dmitry Zheleztsov, chief of the Avtobank products public sales board, speaks about new services Avtobank offers its clients and about the latter's gains from these services.


Sberbank and Tulamashzavod, a leading enterprise in the local military-industrial complex, have signed a cooperation agreement, which is the first case in the history of the local defense complex of a financial agency intending to collaborate with a defense enterprise. The story comments on the deal.


In an interview Alexander Livshits, presidential representative in charge of relations with the G-7 countries, and who recently returned from a trip to the USA, Canada and seven West European countries, talks about the aim of his mission, about his negotiations, about questions (particularly about Russian oligarchs) he was asked and about prospects of IMF credits to Russia.

The story reports on how the army's mood is changing for the worse because it understands the uselessness and absurdity of everything that is happening in the republic.

Former Soviet President Mikhail Gorbachev shares his views on the results of the presidential elections and on President-elect Vladimir Putin.

Deputy Prime Minister Valentina Matviyenko, who has quit the gubernatorial race in St. Petersburg and was ordered back to the government, will work in it only until May, since no vacancy was found for her in the new Cabinet.

That Vice Prime Minister Valetina Matviyenko has quit her gubernatorial election campaign in St. Petersburg highlights a new quality - unpredictability - of the newly-elected president, Vladimir Putin.

Moscow specialists in venereal diseases stated that a syphilis epidemic is raging in the city. The story shows main sources of the disease.

The story reports on what is happening in the Prosecutor General's Office on Ulitsa Bolshaya Dmitrovka, where its employees are worried by the fact that professionalism and adherence to principles are being ousted by other qualities. They doubt that their agency is capable of combating corruption.


State Duma deputy Irina Khakamada, a co-leader of the Union of Right Forces, explains why she has refused to join the gubernatorial race in St. Petersburg.

In an interview American economist Anders Auslund speaks optimistically about reforms in Russia. When asked about the fate of oligarchs, Auslund said Boris Berezovsky and others are fossils of the past transition period, who are only singing their swan-songs.

Mikhail Delyagin, director of the Globalization Problems Institute, shares his pessimistic views on the Russian economy, noting that if Russia before the end of 2000 fails to revive its investment climate, even the largest capital investment will not make it possible to replenish the wear and tear of equipment at enterprises, which amounts to 70 percent.

Russia's real estate and gold, due to circumstances outside its borders, are estimated at $184 billion. So why is Russia continuing to borrow from the International Monetary Fund? The story describes Russia's real estate and other wealth in different countries.

Four million women in Russia are beaten by their husbands at home every year. The newspaper gives examples and several recommendations saying what do in such cases.


The government decree allowing federal postal workers to carry arms with them to defend themselves from street bandits. Full text.