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. Last Updated: 07/27/2016

03/26/2004

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Press Review

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

The Quest for 2nd Term Economic Success

Although most independent observers agree that last week's presidential election was unfair, there is little doubt that Vladimir Putin would have won re-election by a landslide even in an honest election.

When It's Easy to Be Negative

We foreign speakers of Russian get so balled up with double negatives -- ?????? ?? ??????, ?????? ?? ?????? (to do nothing, to see no one), that we fall apart on the simple negatives like ""there's nothing for me to do"" and turn it into the nonsensical: "" ???? ?????? ?? ??????. This would back translate as something like, ""I have there is to do nothing.""

Russians Glide to Gold and Glory

Tatyana Totmyanina and Maxim Marinin continued a Russian tradition Wednesday by capturing the pairs title at the World Figure Skating Championships on a night of perfect 6.0s.

Business in Brief

Toyota Mulls Plant LONDON (Reuters) -- Toyota, the world's No. 2 automaker, said it is likely to set up a plant in Russia within the next decade, according to Thursday's Times of London newspaper. ""We are planning to further expand capacity in the near future,"" Toyota president Fujio Cho told the Times. Cho said the number of cars exported to Russia was rising steadily, but the level of sales did not yet justify local production. ""Eventually we believe we may have to construct a plant in Russia. On a 10-year horizon, it could become a reality within that time,"" he said. $300M Severstal Bond MOSCOW (Reuters) -- Steel giant Severstal plans to issue its second eurobond of the year in April, amounting to $300 million with a maturity of over seven years, Vedomosti reported Thursday. The newspaper quoted lead manager Citigroup as saying Severstal would use the money for corporate needs, refinancing its existing debt and on new acquisitions.

EADS Wants Irkut Stake, but Skips IPO

European aerospace giant EADS said Thursday that it is interested in buying a stake in warplane maker Irkut Corp. as part of its expansion in Russia.

Gref Now Says GDP to Grow 6.4% in '04

The Cabinet on Thursday boosted its forecast for economic growth on the back of high oil prices and a stern warning from President Vladimir Putin to make more ambitious plans.

Tatneft Causes a Stir in Turkey

A minority shareholder in Tatneft took out a full-page ad in Turkey's largest newspaper Thursday accusing the majority shareholders of Russia's No. 6 oil producer of planning to strip cash out of Turkey's biggest refinery after they take it over.

Supermarket Chains Expect Bumper Year

Perekryostok and Kopeika, two of Russia's four largest supermarket chains, expect sales to rise by more than half this year as they open stores outside of Moscow.

Yukos-Sibneft Collusion Hearing Delayed

The Federal Anti-Monopoly Service on Thursday delayed until March 30 hearings into alleged collusion by the owners of Yukos and Sibneft before the companies merged, clearing the way for Yukos to try and change Sibneft's board on Sunday.

Cabinet Caps Gas Prices for '05

The government will cap domestic price increases by gas monopoly Gazprom in 2005 at 11 percent excluding inflation, despite the firm's calls for more, Economic Development and Trade Minister German Gref said Thursday.

Vimpelcom Net Soars 81% to $234M

No. 2 cellular operator Vimpelcom announced a sharp rise in fourth-quarter earnings Thursday, rounding off a bumper year in which it more than doubled its subscriber base.

Putin Cuts Back Presidential Staff

President Vladimir Putin has approved radical cuts to his staff, living up to his promise to announce changes in the presidential administration within 10 days after the election.

MVD Top Brass Told to Reform

President Vladimir Putin has taken aim at the Interior Ministry, telling a gathering of gray-uniformed, star-studded police generals that they need to turn their ministry into an efficient crime-fighting machine or risk having reforms imposed upon them.

News in Brief

Cyprus Russian Bodies NICOSIA, Cyprus (AP) -- Cypriot police are investigating the deaths of three Russians who were apparently killed with blows to the head, police said Thursday. Two men, 51 and 56, and a woman, 25, were found Wednesday night wrapped in nylon bags in the bathtub of a villa in the city of Paphos, a police statement said. Authorities have yet to confirm how their injuries were caused. Autopsies will be carried out to determine exact causes of death. No information has been released on the background of the victims or what they were doing in Cyprus. Fire at Gas Plant MOSCOW (AP) -- A fire erupted Thursday at a natural gas facility in central Siberia, injuring four people, officials said. The blaze raged at the gas distribution station near an oil refinery in the city of Omsk, about 2,250 kilometers east of Moscow, an emergency situations ministry spokeswoman said. She said that two gas canisters exploded and caused the fire, which was quickly extinguished.

Selling the House Where Tolstoy Lived

The museum dedicated to Alexei Tolstoy, one of the Soviet Union's most famous writers and a distant relative of 19th-century novelist Leo Tolstoy, came under threat Thursday as it was discovered that the house in which it stands, one of Moscow's finest art nouveau buildings, has been sold to a construction company.

Nevzlin Offers to Fund Party

Leonid Nevzlin, Yukos' largest shareholder not in jail, has offered to fund the new political party of opposition presidential candidate Irina Khakamada.

France, Germany Draft Visa Proposal

France and Germany have drafted a proposal to ease visa restrictions for some classes of Russian visa applicants to the European Union, according to recent reports in European newspapers.

Saakashvili Cracks Down Before Poll

Georgian President Mikheil Saakashvili moved against rebellious Adzharian leader Aslan Abashidze and launched a bold crackdown on crime in a lawless region as tension rose ahead of parliamentary elections.
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