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. Last Updated: 07/27/2016

09/08/2009

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FSB Reopens Starovoitova Murder Inquiry

The Federal Security Service said Monday that it has reopened an investigation into the 1998 murder of State Duma Deputy Galina Starovoitova after new evidence surfaced, offering new hope that justice might finally be served in the high-profile case.

Monitors Criticize City Vote

An independent election-monitoring group criticized election officials Monday for refusing to register all but one opposition candidate for next month’s Moscow City Duma elections.

Gazprom Blasts Bank, Engineering Firm

The Moscow Times
The state-owned gas and electricity giant on Monday accused Bank of Moscow and engineering company E4 of poor business practices as it is seeking to recover more than $300 million in investment.

Pop Star, Chechen Fight Over Son

A prominent Chechen businessman and the daughter of pop diva Alla Pugacheva began court action Monday in a headline-grabbing battle for custody of their 11-year-old son.

Real Estate Market Begins to Bottom Out

The Moscow Times
In August, prices for residential real estate decreased by just 0.7 percent in St. Petersburg and 0.3 percent in Moscow, according to the Construction News Agency.

Ex-Lehman Banker Named VTB's New CFO

Reuters
Herbert Moos, who spent 14 years at Lehman Brothers, will replace Nikolai Tsekhomsky as chief financial officer at state-run bank VTB, sources said Tuesday.

Solvay To Buy Majority Stake in Sodium Group

Reuters
Solvay, the world's leading maker of soda ash, a key raw material for glass, said it was buying Sodium Group's 90 percent stake in Bereznikovsky Sodovy Zavod and 100 percent stake in Berkhimprom, which are merging.

$287M Resort Plan For South of France

By Timofei Dzyadko / Vedomosti
A pool of Russian investors bought 400 hectares of land from a French citizen in La Chaume, about 70 kilometers from Nice and eight kilometers from Entrevaux.

Auditors Warned of Decrepit Equipment at Dam

The Moscow Times
Federal auditors found during an inspection in 2007 that 85 percent of the equipment at the Sayano-Shushenskaya hydroelectric power station, where an accident last month killed 75 people, was worn-out and needed to be replaced.

RenCap Restores Precrisis Exec Salaries

Vedomosti
After bringing back precrisis salaries in dollar terms in July to employees at the vice president level and lower,
the bank is now going to extend the raises to its executives.

Severstal Reports Q2 Net Loss of $290M

Reuters
It was the third consecutive quarterly net loss for the country's largest steelmaker and the third steel major to finish the period in the red.

Duma Working Group to Protect Social Tax

Vedomosti
Disputes about replacing the social tax with insurance payments from 2010 have all but ended, replaced by a fear of the unknown.
A man taking a break with his sandwich board offering a crisis sale on secondhand goods near Belorussky Station on Monday. The Economic Development Ministry said GDP will grow in the second half of 2009.

Issue 4227

A man taking a break with his sandwich board offering a crisis sale on secondhand goods near Belorussky Station on Monday. The Economic Development Ministry said GDP will grow in the second half of 2009.

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