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. Last Updated: 07/27/2016

06/24/2005

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Press Review

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

Henman Ousted by Russian Minnow

Russia's unseeded Dmitry Tursunov conquers the Briton 8-6 in the fifth set.

Car Bombs Kill Dozens in Baghdad

Nearly 40 people have died in a rash of car bombings in Iraq's capital over a 12-hour span, including two coordinated blasts early Thursday that killed 15 and wounded 28 more in a central Baghdad shopping district, police said.

Chinese Flee Heavy Floods

Heavy floods have slammed into towns across southern China, killing at least 80 people, leaving dozens missing and forcing almost 700,000 to run for their lives, state media and residents said on Thursday.

The Real News in Downing St. Memos

It is now nine months since I obtained the first of the ""Downing Street memos,"" thrust into my hand by someone who asked me to meet him in a quiet watering hole in London for what I imagined would just be a friendly drink.

Forward Toward True Reform

A road map for Russian reform needs first and foremost to establish the institutional infrastructure required by a developed country. As with the problem of basic values, the question of what comes first -- a high level of economic development or the institutions that accompany it -- has no simple, straightforward answer.

Business in Brief

Central Bank Reserves Russia's foreign currency and gold reserves rose by $400 million to $146.9 billion in the week ending June 17, the central bank said Thursday. The reserves were unchanged in the week ending June 10, after falling from a record $147.1 billion in the week to May 27. (Bloomberg) May Retail Sales Up 13.3% Russian retail sales grew 13.3 percent from May 2004 to May 2005, the highest annual increase since December, as economic growth and the prospect of higher wages prompted consumers to spend. The annual increase was higher than April's 12.2 percent gain and beat the median economists' forecast for 11.9 percent. Retail sales rose 0.1 percent on the month after a 1.7 percent monthly increase in April, the State Statistics Service said in a report Thursday. (Bloomberg) Producer Prices Rise 2.7% Russian producer prices rose 2.7 percent in May from April, which was faster than expected, as higher prices for oil and other commodities drove up costs for manufacturers.

Ford to Double Output by '06

Ford will sink another $30 million into Russia to more than double its output by January next year, the company’s top European executive said Thursday.

Alfa Wins Options in Turkish Gambit

Alfa Telecom's landmark $3.3 billion financing deal with Turkey's Cukurova Group represents a bold advance in Alfa's battle with Sweden's TeliaSonera for control over Turkey's largest telecoms company, analysts said Thursday.

Yukos Ready to Sell Its Last Core Assets

Shattered oil company Yukos could sell off its core assets if “absolutely necessary” in order to pay the remains of some $28 billion in back tax claims, Yukos vice president Frank Rieger told the company’s annual shareholders’ meeting on Thursday, news agencies reported.

Alfa Makes Gains in Telenor Fight

Alfa Group has won the upper hand in elections to the board of VimpelCom, the country's second-biggest mobile phone operator, but said a dispute with rival shareholder Telenor over expanding into Ukraine was left unresolved.

News in Brief

Belarus' Rights Record A presidential human rights body has accused Belarus of a raft of abuses, including a crackdown on political opponents, nongovernment organizations, independent media and electoral violations, Interfax reported Thursday. The group, the Presidential Council for the Development of Civil Society and Human Rights, said the situation in Belarus was of ""deep concern"" and was harming Russia's ties with Western Europe and the international community because of the planned political and economic union between Minsk and Moscow. The statement was surprising, as the Kremlin has not criticized Belarus' human rights record. (AP) Population Shrinks 0.2% The population dropped by 286,600 in the first four months of the year, the State Statistics Service said Thursday. The service said in a statement that the population dropped by 0.2 percent from Jan. 1 and stood at 143.2 million as of May 1.

Draft of Subsoil Law Submitted to Duma

The government has submitted to parliament the draft of a new natural resources law that seeks to bar foreign companies from developing some of the country's most lucrative mineral assets.

Gref, Fradkov Square Off Over GDP

Economic growth is slowing and gross domestic product will not double by 2010, regardless of the target set by President Vladimir Putin, Economic Development and Trade Minister German Gref said at Thursday's Cabinet meeting.

Journalist Jailed Over Unpublished Article

A journalist has been sentenced to seven months in prison on charges of slandering a Saratov official in an article that was never published.

Festival to Get Chechnya Rocking

A six-hour rock music festival in Chechnya would seem an unlikely effort to return peace to a place where rebel attacks and mysterious abductions remain common.

Russian News Channel Inches Forward

State media holding VGTRK reiterated on Thursday that the launch of a 24-hour Russian-language news channel was a priority and said it hoped to win a tender to operate a new youth-oriented channel.

Putin Voices Worries About Afghanistan

The president warns leaders at a regional security summit that Afghanistan's terrorist bases and drugs trade pose a growing threat.

After Beslan, BBC Reviews Guidelines

The British Broadcasting Corporation will introduce a time delay on its live coverage of sensitive news events such as the school massacre in Beslan and the Sept. 11, 2001 attacks in the United States, the company said Thursday.
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