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. Last Updated: 07/27/2016

02/22/2005

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Press Review

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

IKEA's Next Project Is $400M Giga Mall

Just two months after IKEA opened the country's largest mall, Mega Khimki, the Swedish furniture giant is planning to surpass its own record with the construction of a $400 million, 240,000-square-meter shopping center near Moscow.

St. Pete Seeks to Smooth Static Over Power Supply

Four new power substations will boost St. Petersburg's electricity infrastructure and solve the problem many potential investors currently face when buying city property, officials said.

Northern Capital Mulls Vote on Chinatown Development

St. Petersburg's Legislative Assembly is to examine holding a referendum on the construction and development of a Chinatown in the Krasnoselsky district, local media reported Thursday.

Hotel Firm Acquires First Link in Chain

Russian Hotels announced it would complete the acquisition of the 68-room Yakhont Hotel in Krasnoyarsk in March. It will become the first property of what later may become a countrywide chain of mid-range hotels, the company said.

Massive 'Bolshoi City' Gets Green Light

City Hall is about to begin an ambitious project that, according to experts' estimates, could cost as much as $100 billion -- construction of the so-called ""Bolshoi City,"" located on 800 hectares northwest of the Moskva-City development.

France Cuts Ministers' Housing Perks

The French government has acted swiftly to try to end a furor over a Cabinet minister's luxury apartment, signaling its determination to prevent political scandals as it struggles to push through economic reforms.

Bush Seeks Thaw While Talking Tough

U.S. President George W. Bush, on a trip to thaw relations with Europe, prodded Russia not turn its back on democratic advances.

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