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. Last Updated: 07/27/2016

08/14/2007

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A Formula for Improving Competitiveness

It is true that Russia lacks global competitiveness and suffers low labor productivity. This subject is often presented, however, from a one-sided perspective, and little attention is paid to the contributing factors behind the problem.

Unity Needed in the Kosovo Talks

Eight years ago, the West went to war over the fate of Kosovo, the impoverished scrap of land that is chiefly populated by ethnic Albanians but still formally part of Serbia.

Pepsi Seen Closing In on Juice Giant

Reports that PepsiCo was set to buy a 76 percent stake in Lebedyansky caused a sharp spike in share prices Monday for the country's largest juice maker. The deal, estimated to be worth at least $1.5 billion, would be the largest ever in the Russian juice sector and value the company at about $96 per share, Kommersant reported Monday, citing sources close to the proposed deal.

Business in Brief

Gazprom Hits Belgian SnagFederal Grid Shares SwapEvraz to Buy Shares in UnitsTax Body to Be SplitIndia Opens Up to GazpromDaimler Mulls Own BankProsperity Buys in TelecomsAluminum Exports RiseFerrous Exports Drop 9.3%

Tele2 Sells Irkutsk Unit for $1.6Bln

STOCKHOLM -- Sweden's Tele2 said Monday that it was selling operations in the Irkutsk region to VimpelCom for about 1.6 billion Swedish crowns ($236 million), but that it still planned to expand in Russia.

Kazakhs Up Uranium Assets

ALMATY, Kazakhstan -- Toshiba, Japan's biggest maker of nuclear reactors, sold a 10 percent stake in its Westinghouse Electric unit to Kazakhstan's state uranium miner to gain access to the world's second-largest reserves of the metal, Almaty-based Kazatomprom said in a statement Monday.

ShalkiyaZinc Eyes $150M Loan

ShalkiyaZinc, owner of Kazakhstan's largest zinc deposit, said Monday that it expected to arrange up to $150 million in debt finance from Barclays Capital to fund expansion of a mine and construction of an ore-processing plant.

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