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. Last Updated: 07/27/2016

08/24/2007

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Poland Ties Russia After Trailing by 2

Poland struck twice in the second half to hold Russia to a 2-2 draw in an exhibition match late Wednesday.

Democracy With a Kazakh Twist

Until now, Kazakhstan, which has generally been viewed separately from other Central Asian republics, stood on its own in the political sense as well. But with the recent parliamentary elections there, which President Nursultan Nazarbayev called ""the final act of constitutional reform and a reference point for the new political history of Kazakhstan,"" any distinctions between Kazakhstan's political system and those of its neighbors have become a thing of the past.

Please Don't Take Offense

A hundred years from now, the chapter on this period in Russian history textbooks will be called ""??? ???????."" ??????? is a rich verb.

Official Says Foreign Borrowing Too High

The level of domestic banks' foreign borrowing, now at 15 percent of combined banking sector assets, is too high, the country's top banking supervisor said Thursday.

Atlant-Soyuz Purchases 4 Boeing 737s

Domestic airline Atlant-Soyuz is buying four Boeing 737-700 passenger jets, the companies said Thursday at the MAKS 2007 air show. The catalog price of the order is $249 million. It was listed as unidentified by Boeing last year and is accounted for in the U.S. giant's 2006 order totals, but the deal was announced at the air show.

Prodi Plans Meeting on Kashagan

Italian Prime Minister Romano Prodi said he was planning a trip to meet leaders of Kazakhstan, where he would seek an agreement to allow Eni to continue its work in the Kashagan field, the largest oil discovery in 30 years.

Alcohol Tracking System Postponed

The government has decided to postpone the deadline for the implementation of an automated alcohol monitoring system, known as EGAIS, from a manual to a fully automated regime from the start of November, Deputy Prime Minister Alexander Zhukov said Thursday, Interfax reported.

Average Power Prices Reach a Record High

The country's average electricity prices on the free market hit an all-time high this week, due to rising gas prices and an abnormally warm summer, exceeding levels in some European states.

Execs Spend Big on Luxury Jets

Bombardier, Dassault and Embraer are among the firms seeking to cash in on the craze for business jets.

Swiss Court Rejects Yukos Files Request

Switzerland's highest court has blocked a bid by Swiss judicial authorities to give Russia bank documents linked to former owners of the bankrupt oil firm Yukos, the Swiss news agency ATS said Thursday.

Sugar Duty to Be Reviewed

The Economic Development and Trade Ministry expects the government in September to examine setting a higher seasonal tariff on raw cane sugar imports from December 2007 to the end of May 2008, a ministry source said Thursday.

Business in Brief

BP Offers Gazprom LNGReserves Fall by $5.5BlnRussia Pays Portuguese DebtNovatek Profit Rises 20.5%VTB Not to Buy Back SharesOGK-6 Reviews SpendingTimchenko's Surgut StakeCoal Firm to Build PlantsNIS, Jat Control SoughtMMK Buys Fortescue Stake

Shirtless Putin Gets Tongues Wagging

When he flexes Russia's diplomatic and military muscle, President Vladimir Putin always makes headlines.

Critical Ingush News Site Under Fire

Prosecutors said Thursday they have opened a criminal case against Ingushetiya.ru, a web site known for its investigations of corruption among Ingush authorities, for incitement of ethnic hatred.

Campaign Against Graft Gathers Speed

An anti-corruption campaign focusing on regional officials is intensifying in what appears to be a Kremlin-orchestrated prelude to parliamentary and presidential elections, analysts said Thursday.

Georgia and NATO Aim For Speedy Radar Link

Georgia's radar sites will probably be integrated into NATO's radar system by the end of this year, earlier than planned because of worries about Russian military flights, the Georgian Defense Ministry said Thursday.

Peruvian Transsexual Surprises Kidnappers

A former police officer and a friend got a surprise when the Peruvian woman they thought they were kidnapping on a Moscow street turned out to be a pre-operative transsexual.

News in Brief

Nationalists Blamed in BlastCrash Grounds BombersKirkorov Watch Loses ValueLast-Ditch Bid on Kosovo

NGOs Buried by Mountain of Paper

In a blizzard of bureaucratic absurdity, the new registration law for nongovernmental organizations has created administrative hurdles threatening to put many out of business and deterring others from setting up shop at all.

Inaction Derails Country's IT Boom

President Vladimir Putin's ambitious plans to turn the country's IT industry into an economic powerhouse are being derailed by labyrinthine bureaucracy and endless jousting by government officials, industry players say.
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