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. Last Updated: 07/27/2016

10/10/2011

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Reasons Why Foreign Firms Are Forsaking Franchises

Christopher Wynne, an American living in Moscow and chief executive of Papa John's Russia, a local franchisee of the U.S. pizza delivery chain, said his company faces many problems, including bureaucracy and high interest rates.

Young Entrepreneur Up for Global Award

A business plan to create rehabilitation devices for cerebral palsy sufferers, created by Perm's Denis Kashin, won first place at a ceremony at Skolkovo and will be Russia's entry at the international finals for young entrepreneurs in New York.

Putin Gets a Surprise Birthday Gift on Twitter

Vladimir Putin's friends and fans tried to outdo one another for the prime minister's 59th birthday — but the biggest surprise came when a Twitter hashtag went viral.

$620M Earmarked for Environmental Cleanup Program

Lake Baikal, the Franz Josef Archipelago and Wrangel Island will be the first nature reserves to benefit from a 20 billion ruble ($620 million) environmental cleanup program, Natural Resources and Environment Minister Yury Trutnev said. 

Russian Orthodox Church Reform Called Biggest Since 1991

Russian Orthodox Patriarch Kirill is founding a dozen new eparchies across the country, a move some see as the greatest church reform since the Soviet dissolution, and others as a ploy to strengthen his power.

Dvorkovich Seeks Job in Medvedev Cabinet

President Dmitry Medvedev's aide Arkady Dvorkovich said he does not plan to stay in the Kremlin after the 2012 presidential election and hopes to join the Cabinet, which Medvedev has promised to reshuffle.

Deputy Mayor's Driver Held in Slaying

Investigators said the deputy mayor of the Moscow regional town of Podolsk was shot dead late last month in a plot by her indebted personal driver — who brazenly withdrew $10,000 from her bank account within an hour of reporting her murder.

Medvedev Takes Page From Stalin

Reuters
President Dmitry Medvedev dipped into Soviet leader Josef Stalin's lexicon to tell the ruling United Russia party on Saturday that it should not take success for granted in the State Duma elections in December.

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