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. Last Updated: 07/27/2016

02/25/2010

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M&A Activity Fell 62% in 2009

The M&A market crumbled as the financial crisis ushered in higher levels of uncertainty about future economic development, increased risk aversion, a larger gap in valuation expectations between buyers and sellers, and a liquidity crunch that made it difficult to fund deals, KPMG said in its annual report on the market.

Grozny to Host Kadyrov Street-Racing Tournament

The Moscow Times

More than 30 drivers have applied to participate in the one-kilometer race on Saturday night, which is open for everyone to participate in or watch, the Chechen government said in a statement.

Russia, EU Tackle Visa-Free Travel

A European initiative to lift travel restrictions could be put into practice "in a short time," Foreign Minister Sergei Lavrov said at a joint news conference with new EU foreign policy chief Catherine Ashton.

2 Senior Police Officers Fired in Stern Graft Warning

Colonel Vyachaslav Yakovlev and his deputy, Colonel Andrei Sidorenko were dismissed from their leadership of a department in the city's police criminal task force, after officers under them were accused of kidnapping a Belarussian businessman and his son for ransom.

Government Asks Investors for Privatization Feedback

By Anna Peretolchina / Vedomosti

The government is planning to ask investors what assets they would like to buy from the state, an idea proposed by First Deputy Prime Minister Igor Shuvalov to speed up privatizations.

Record Snowfall Reminds of Luzhkov's Bid to Play God

Mayor Yury Luzhkov suggested in September that expanding technology normally used to fight rain could blast snow clouds out of the sky and spare the city's residents — and its budget — from some of Moscow's winter hassles.

Apple iPhone 3GS to Hit Shelves in March

By Igor Tsukanov / Vedomosti
VimpelCom and Mobile TeleSystems both said they would start selling the iPhone 3GS soon.

Driver in Fatal Crash Facing Charges After Blogosphere Outrage

The Moscow Times
Anna Shavenkova plowed her car into two sisters on a sidewalk in Irkutsk on Dec. 2. A security camera taped Shavenkova getting out of the car to look for possible damage to the hood, paying no attention to the seriously injured women lying nearby, and the video later surfaced on YouTube.

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