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. Last Updated: 07/27/2016

07/17/2002

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The Polish President's Mission

Today, the Polish government is once again in the hands of those who, in 1989, were on the losing side. They are the same people -- but not quite the same.

Stock Option Reform Is the Real Thing

Coke announced this week that it would start counting against its yearly earnings the options it grants employees.

Forestry Industry: Ripe for Carving Up

Now that the oil and metals industries have been divvied up, the forestry industry is next on the agenda.

Putting 'Civil' Into Civil Service

Four days had passed since a new law aimed at easing the bureaucratic burden on businesses took effect. But at the state tax office in Nizhny Novgorod, the hurdles to register a company were as high as ever.

News in Brief

Emergency Landings MOSCOW (AP) -- A KrasAir Tu-134 carrying 73 people skidded onto a runway in the eastern Siberian city of Irkutsk early Tuesday after its front landing gear failed to descend, sending up smoke and alarming passengers. No one was injured, said Viktor Beltsov, spokesman for the Emergency Situations Ministry. The pilot of the passenger plane reported after takeoff from the western Siberian city of Krasnoyarsk that the strut of the front landing gear had been damaged and that the plane would have to make an emergency landing in Irkutsk, Beltsov said. After the landing, the 66 passengers and seven crew were evacuated. Meanwhile, a Yak-42 carrying the Rotor soccer team made an emergency landing Tuesday in the southern city of Volgograd because one of its engines failed soon after takeoff, Interfax and Itar-Tass reported. The team was evacuated and flew to Moscow on a different plane.

Spartak Maintains Hot Streak

Russian champion Spartak edged closer to the top of the Premier League table after beating city rival Dynamo 1-0 in a scrappy Moscow derby on Monday.

Russian Cycling Veteran Happy in Support Role

Lance Armstrong's teammate Viaceslav Ekimov is determined to carry on racing for another two years and help the American in his bid to win a fourth and fifth Tour de France.

Population Urged to Retain Dollars

The government warned dollar-hoarding Russians not to rush exchange points Tuesday as the dollar dipped lower than the euro for the first time in 2 1/2 years.

Moscow, Minsk Tie Knot on Arbitration

Court rulings on business disputes in either Russia or Belarus are now legally binding in both countries.

Sukhoi Skips Farnborough Over Debts

Sukhoi will not send its fighter jets to a major air show in Britain for the first time in 12 years out of fear that a Swiss company may try to impound the craft over a debt dispute.

In U.S., Ivanov Mulls Mideast Action Plan

U.S. Secretary of State Colin Powell met Tuesday with Russian, Arab, European and UN leaders seeking approval of an ""action plan"" to assist the Palestinian people over the next three years.

A Group Collects Votes for Marijuana

Members of the Transnational Radical Party held what they called a ""street referendum"" in downtown Moscow, extolling the virtues of legalizing light drugs.

Georgia Extradites Suspect in 1999 Apartment Bombings

A man suspected of involvement in deadly 1999 apartment bombings has been extradited to Moscow following his arrest in Georgia.

5 Go on Trial in Tsaritsyno Rampage

Five young men went on trial Tuesday on charges of participating in a racially motivated rampage in an outdoor Tsaritsyno market last year that left three people dead.

Nestle Buys Up 'Holy Water'

Swiss-based food and beverage giant Nestle has paid an estimated $50 million for Saint Springs, or Svyatoi Istochnik.

The President With a Golden Gun

Years after President Vladimir Putin hung up his Cold War suit as an agent in the KGB, a new novel has propelled the president back into action as a Russian James Bond battling Chechen rebels.

Business in Brief

Debt Fund Shortage MOSCOW (Reuters) -- Russia is unlikely to accumulate as much money as planned in a fund designed to help meet 2003 foreign debt payments due to poor fiscal discipline and lower oil prices, a Finance Ministry source said Tuesday. The government wants to funnel 197.8 billion rubles ($6.28 billion) into a special financial reserve to help service $17 billion of debt in 2003. The source said the reserve shrank to between 38 billion and 40 billion rubles from 88 billion rubles at the start of the year and the ministry expected it to increase by just 71 billion rubles. Gas Price Collusion? MOSCOW (MT) -- The Anti-Monopoly Ministry has accused Yukos and LUKoil subsidiaries of violating a federal law on competition by colluding to raise prices for gasoline and diesel fuel, Interfax reported a ministry official as saying Tuesday.

Press Review

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