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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

Dementyeva Angers a Defeated Venus

Venus Williams has rejected accusations from Yelena Dementyeva that she played up the effects of a foot injury in their Nasdaq-100 Open quarterfinal Wednesday in which the Russian dumped the second-seeded American out of the tournament.

Business in Brief

WBD Buys Uzbek Firm TASHKENT, Uzbekistan (Reuters) -- Leading juice and dairy producer, Wimm-Bill-Dann, said Thursday it would buy a 76.98 percent in Uzbek Toshkentsut dairy producer next week and invest a further $7.3 million in its development. It would acquire the Toshkentsut stake at a trading session of Uzbekistan's stock exchange for a total of $130,000 next week in an agreed deal with the Uzbek government, which is selling its stake, board chairman David Yakobashvili told reporters in the Uzbek capital. Wimm-Bill-Dann is the only bidder, he said. Yakobashvili said $7.3 million would be invested in the venture by 2008, including $1.5 million to pay off its debts. Soros Hawking Svyaz KIEV (Reuters) -- Billionaire benefactor George Soros was quoted late Wednesday as saying he hoped to get rid of his stake in Russia's state telecommunications group Svyazinvest but declined to say who his buyer might be.

Corporate Foreign Debt Jumps 56% to $75Bln

Debt owed to foreigners by Russian companies and banks increased by 56 percent to $75.1 billion last year, as falling interest rates abroad sent firms borrowing overseas.

Heineken Plans to Build $40M Plant in Sverdlovsk

The world's No. 2 brewer, Heineken, is negotiating the construction of a $40 million plant in the Sverdlovsk region, Sverdlovsk Governor Eduard Rossel announced this week.

Manufacturing Sector Roars Back to Life

After sputtering for three consecutive months, growth in the manufacturing sector accelerated in March and was unscathed by the ruble strength, Moscow Narodny Bank said Thursday.

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