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. Last Updated: 07/27/2016

07/24/2007

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Deutsche Lends STT $470M

Deutsche Bank agreed to lend billionaire Shalva Chigirinsky's STT Group 12 billion rubles ($472 million) to refinance debt and develop new real estate projects.

Pirelli Seeks Partners to Enter Russia

Pirelli Real Estate, Italy's biggest property manager, may form partnerships to buy land and develop housing in Turkey and Russia, where the company expects returns to exceed those in Western Europe, the company's CEO Carlo Puri Negri said Friday in an interview.

Violations Seen at 365 Work Sites

Violations have been found at nearly three-quarters of all construction sites checked by the city's inspectorate over the past few weeks, a spokesperson for the agency confirmed Friday.

Olympics May Hit Old Believers

Sochi can relish its victory in the race to host the 2014 Winter Olympics but some local residents fear for their homes ahead of large-scale construction work.

EU Leaders Start to Talk Treaty

EU foreign ministers Monday were to begin four-month negotiations to complete a draft reform treaty meant to streamline the way the bloc operates.

Ruling Party Wins Big in Turkey Vote

Turkey's prime minister pledged to work toward national unity and fight terrorism after the Islamic-rooted ruling party won parliamentary elections by a wide margin.

Afghanistan's 'Father of the Nation' Dies

Former King Mohammad Zahir Shah, whose 40-year reign until his exile in 1973 coincided with one of the most peaceful periods in Afghanistan's recent history, died Monday. He was 92.

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