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. Last Updated: 07/27/2016

11/29/2012

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Better Business Climate Gets New Impetus

Business executives are urgently calling on the government to improve conditions for entrepreneurship, which they say remains massively underdeveloped because of stifling bureaucratic and administrative hurdles.

What the Papers Say, Nov. 28, 2012

BBC Monitoring
A roundup of today's Russian-language newspapers

Q&A: Economist Wermuth Keeps Shepherding Progress

After nearly two decades in and out of Russia, Jochen Wermuth no longer pretends to be a disinterested observer.

Former Agriculture Minister Figures in $16M Fraud Case

The Interior Ministry on Wednesday named former Agriculture Minister Yelena Skrynnik as a witness in a criminal investigation into a $16 million fraud at the ministry.

Alekperov's Social Enterprise Invests $4.8M Over 5 Years

An organization set up and financed by LUKoil chief Vagit Alekperov has provided interest-free loans totaling $4.8 million over the past five years to self-supporting projects that benefit disadvantaged or underserved people, it said Wednesday.

Rusnano Inspires U.S. Drug Company to Move to Russia

Decked out in a white lab coat and chatting freely with scientists, Rusnano chief Anatoly Chubais seemed particularly cheerful Wednesday as he welcomed American pharmaceutical company Selecta Biosciences, which aspires to develop the world's first anti-smoking vaccine.

New Georgian Economic Minister Counting on Russian Trade

Reuters
Georgia's new economic minister says his country, beset by high unemployment and low per capita output, wants double-digit growth rates in two or three years through the injection of pro-business policies.

Rossia Airline Announces $26M Loss for 2012

The Moscow Times
The Rossia airline, a subsidiary of state carrier Aeroflot, will report losses of 1.03 billion rubles ($26 million) for 2012, rather than planned profits of 793 million rubles, Vedomosti reported Wednesday.

Prison Revolt Yields More Questions Than Answers

There were either 250 participants or about 1,000. They demanded improved conditions or nothing at all. Their protest was plotted by criminal masterminds or it was spontaneous.

MegaFon Trading Down at Start of IPO

Reuters
Shares in MegaFon fell nearly 3 percent in their market debut Wednesday following a bumpy ride for the issue.

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