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. Last Updated: 07/27/2016


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Press Review

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

TV Show Kindles a Debate About Stalinist Years

Four nights per week for the last month, Alexander and Rimma Lavruk have slipped onto their couch and into the past, Russia's and their own.

Mutual Fund Taps Into Inteko

In the city's largest deal of its kind to date, the Construction Investments real estate mutual fund has acquired an unfinished apartment building in western Moscow from Inteko for $37 million.

Ramstore Enters St. Pete's Retail Ring

Turkish company Ramenka marked its arrival on St. Petersburg's retail scene last week by opening the first of its Ramstore hypermarkets planned for the city.

Luzhkov: Time to Raze '60s-Era 9-Story Houses

In his quest to clear new plots for construction, Mayor Yury Luzhkov said last week that he will approve the demolition of 1960s nine-story apartment blocks and other types of ""uncomfortable"" housing.

Koreans Splash Out On $20Bln Trade Zone

South Korea began construction last week of a multibillion-dollar free trade zone, hoping to lure global businesses by cutting red tape and providing a site close to the booming China market.

$160M Marina for Mega Yachts

Puerto Rico banks have loaned developers $107 million to build a mega yacht marina in the U.S. Virgin Islands, officials said late last week.

Rebel Keep Up Attacks as Fallujah Is Secured

U.S. warplanes, artillery and mortars attacked areas across Fallujah on Monday as die-hard insurgents held out to the last in the weeklong battle.

Powell Resigns Cabinet Post

U.S. Secretary of State Colin Powell and three other Cabinet members submitted their resignations, a senior administration official said Monday, as the reshuffling of U.S. President George W. Bush's second-term team escalated.

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