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. Last Updated: 07/27/2016

09/24/2009

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Putin to Cut Cell Phone Bill by 20%

The Cabinet approved a draft 2010 budget Wednesday after Prime Minister Putin stressed that it would cut spending for items like officials' car maintenance and cell phone bills, and offer a record increase in pension payments.

Georgia Considers Taking Gitmo Prisoners

Georgia is in negotiations with the United States about accepting a number of Guantanamo Bay prisoners, the resettlement of whom has become a trying issue for U.S. President Barack Obama since he issued an order to close the prison.

Utilities Get Creative to Collect Bills

In addition to using debt-collection agencies, utility companies are increasingly having to act as gumshoes, conducting investigations into their customers to help court marshals, or even acting as court marshals themselves.

Prokhorov Seals Basketball Deal

The Moscow Times
Russia's richest man will buy 80 percent of NBA club the New Jersey Nets in a deal that will see him invest $200 million into the construction of a new stadium for the club.

Chinese Traders Will Staff New Market

By Anton Filatov / Vedomosti
Chinese and Russian investors plan to open a new 10,000-square-foot market in north Moscow by the end of the year and say they will do all they can to avoid angering authorities as Cherkizovsky did.

Yandex Sells 'Golden Share' to Sberbank

By Maxim Glikin / Vedomosti
Yandex held a tender for the share among several state companies, and Sberbank won because it is "state-run, public and doesn't have direct interest in the Internet and media."

AvtoVAZ to Lay Off 27% of Work Force

Reuters
Those to be dismissed will include 13,000 pensioners, who are expected to leave in September or October, as well as 5,500 people approaching pensionable age.

Putin Calls for 'Stable' Arctic Partners

Reuters
After several years of curbing foreign participation in tapping its vast mineral resources, there are signs that Russia is once again opening up to foreign investors to develop hard-to-access oil and gas reserves in the Arctic and eastern Siberia.

Surging Ruble Tops Key Barrier

Reuters
The ruble broke the psychologically key 30 per dollar mark Wednesday as emerging markets are supported by data worldwide showing growth picking up.

Luxembourg Bourse Suspends Naftogaz Bonds

The Associated Press
State-owned Naftogaz is in talks to restructure a $1.6 billion loan which comes due this year, including $500 million in eurobonds that should be paid by Wednesday
Trains hauling coal Wednesday at the SUEK-controlled Borodinsky opencast colliery near Borodino, 150 kilometers east of Krasnoyarsk. Seven kilometers long and 100 meters deep, Russia’s biggest opencast coal mine was built from 1945-49 by gulag prisoners to produce 20 million tonnes of coal a year.

Issue 4239

Trains hauling coal Wednesday at the SUEK-controlled Borodinsky opencast colliery near Borodino, 150 kilometers east of Krasnoyarsk. Seven kilometers long and 100 meters deep, Russia’s biggest opencast coal mine was built from 1945-49 by gulag prisoners to produce 20 million tonnes of coal a year.

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