Testimonials
"Since its launch in 1992, The Moscow Times has been the one indispensable daily newspaper for the English-speaking community in the Russian capital. With its excellent, independent reporting of current affairs and outstanding business coverage, it makes topical issues both accessible and absorbing. The idea of starting the working day without the Moscow Times would be unthinkable. Congratulations to the Board and staff on fifteen years of achievement and keep up the good work."-Neil Cooper, Russia Director Russo-British Chamber of Commerce
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Business: RenCap Cuts RTS '08 Target to 2,350
Renaissance Capital on Monday slashed its year-end forecast for the benchmark RTS Index from 3,000 to 2,350 and increased its equity risk premium for the country from 4 percent to 5.5 percent in a sign of continued investor jitters.
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Wednesday, September 03, 2008
Updated at 03 September 2008 0:41 Moscow Time
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Issue 3980 Published: 3 September 2008 Download PDF
Medvedev Praises EU Over Sanctions
By Simon Saradzhyan / Staff Writer President Dmitry Medvedev on Tuesday praised the European Union’s decision to reject slapping sanctions on Russia over its war with Georgia but criticized the Western bloc for failing to understand the Kremlin’s motives in the conflict.
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Putin Clinches Deal for Uzbek Pipeline
By Anatoly Medetsky / Staff Writer Prime Minister Vladimir Putin on Tuesday secured agreement from Uzbekistan to start building a new gas pipeline to Russia in a deal that bolsters Moscow’s sway over Central Asian energy supplies.
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Police Raid Yevroset's Headquarters
The Associated Press Law enforcement officers raided the Moscow headquarters of mobile phone retailer Yevroset late Tuesday, RIA-Novosti reported.
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Wrestlers Test Positive for Marijuana
The Associated Press Two Russian sumo wrestlers have tested positive for marijuana use, two weeks after another Russian was banned for life from the sport after being arrested on suspicion of possessing the drug.
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One in 10 Russians Found Guilty of Crimes
The Moscow Times More than one in 10 of the country’s citizens have been convicted of crimes over the past 15 years, a retired Supreme Court judge wrote Tuesday in government daily Rossiiskaya Gazeta on Tuesday.
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Czechs Urge Transdnestr Pullout
The Associated Press Czech Prime Minister Mirek Topolanek said Tuesday that Russia should pull its troops out of the separatist Moldovan region of Transdnestr, easing a stalemate made more dangerous by the war in Georgia.
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Duma to Get Down To Business
By Natalya Krainova / Staff Writer State Duma deputies will reconvene Wednesday for a fall session that will tackle the federal budget, small business woes and education reform.
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Ticket Sales Slump for Western Acts
By Vladimir Kozlov / Reuters The Sex Pistols and Lenny Kravitz are among the acts that have struggled to sell tickets as Russians' appetite for Western music fades.
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Lavrov Denies Singling Out Turkey
By Murad Sezer / The Associated Press Foreign Minister Sergei Lavrov insisted Tuesday that strict new import measures were not aimed at punishing NATO-member Turkey for allowing U.S. warships to steam through its waters to deliver aid to Georgia.
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Bank Sees Lower '09 Inflation
Bloomberg Russian inflation will probably slow to below 10 percent next year, in line with a call by Prime Minister Vladimir Putin, UralSib said Tuesday.
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Exxon Hikes Sakhalin-1 Forecast for This Year
Bloomberg ExxonMobil forecast annual production of 9.2 million tons (185,000 barrels per day) in 2008 from the offshore Sakhalin-1 oil and gas development, up from its earlier estimate, Interfax reported Tuesday.
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BP Pipeline 'Undamaged'
Bloomberg BP said Tuesday that the Baku-Supsa pipeline, which transports crude from Azerbaijan to Georgia’s Black Sea, coast was “undamaged” and was closed because of security concerns.
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Ukraine Faces Trade Review Over Its WTO Entry
Bloomberg The Economic Development Ministry may change the terms of its trade agreements with Ukraine because of Kiev's entry into the World Trade Organization, a ministry official with direct knowledge of the review said.
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Mechel Guns for German Metals Deal
By Nadia Popova / Staff Writer Mechel, the country’s biggest coking coal producer, is seeking German anti-monopoly approval to acquire indirect control of metals trader HBL Holding, the German Federal Cartel Office said Tuesday.
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AiRUnion Passengers Stranded
The Moscow Times Hundreds of passengers were stranded around the country Tuesday due to delayed AiRUnion flights, as airports keep planes grounded because of the company’s outstanding debt.
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Tajikistan Returns to Rationing Electricity
Combined Reports Electricity rationing is returning to Tajikistan, with cuts nationwide every night from 10:30 p.m. to 3:30 a.m., except in the capital and district centers, the head of the national power company said Tuesday.
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Business in Brief
New Kovykta CheckUralkali Mulls BuybackNovolipetsk Seeks $2BlnLandmark VAT RulingGrain Harvest Up 37%
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Spend City Day Clowning Around
By Maria Antonova / Staff Writer Circus artists from all over the world have gathered in Moscow to perform at the Moscow International Youth Festival of Circus Arts, which coincides with City Day.
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Currency Exchange
USD/RUR - 23.5 EUR/RUR - 37.1
Weather
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