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. Last Updated: 07/27/2016

07/30/2009

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New Timber Rules Paralyze Industry

In better years, Olga Vladimova’s midsize timber company employed 120 people. These days, it has only four.

Medvedev Faces Balancing Act in Central Asia

President Dmitry Medvedev will arrive in Dushanbe on Thursday to kick off a trip intended to bolster his country’s influence in Central Asia.

Opposition Scores Narrow Win in Moldova

The Associated Press
Near final parliamentary election results put four center-right opposition parties ahead of the Communist Party, which has ruled the impoverished country since 2001. Posted 3:02 p.m.

Shelling Heard in South Ossetian Capital

Reuters
Two loud explosions were heard from the capital of Georgia's rebel South Ossetia overnight and each side accused the other of shelling, underscoring tensions a year after their five-day war.

Gas Taxes Won’t Be Raised

The Moscow Times
The government will not raise taxes on natural resources extraction or export tariffs on gas to cover a looming budget deficit, a government source told reporters Wednesday after a meeting to discuss the 2010 federal budget.

Airlines See Passengers Down 20%

Reuters
The country’s airline industry saw passenger numbers slump by nearly a fifth in the first six months of 2009, although the depth of the slowdown eased in June, the Federal Air Transportation Agency said Wednesday.

Mobius May Double Russia Portfolio

Combined Reports
Mark Mobius said Wednesday that he plans to double Templeton Asset Management’s emerging-market assets to $50 billion within two years.

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