Issue #1430 (94), Tuesday, December 2, 2008 | Archive
 
 
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LOCAL NEWS

CONDOMS PROMOTED ON WORLD AIDS DAY

As the world marked International AIDS Day on Monday the youth branch of the democratic party Yabloko in St. Petersburg called for condom-vending machines to be installed in or near hostels, universities, clubs and other places frequented by young people.

 

RAISING OIL OUTPUT STILL STATE’S GOAL

MOSCOW — Anyone who thinks that oil and wealth automatically go hand in hand obviously hasn’t been paying attention to export revenues in recent months.

MASKED PROTESTORS SAY CITY IS BECOMING A GAS CHAMBER

By felling the trees and abolishing eco-friendly trams on Ligovsky Prospekt, the authorities have turned the boulevard into a “gas chamber,” members of the city’s preservationist movement, who held an “unsanctioned” protest there on Sunday, said.

A dozen protesters put on gas masks and respirators to highlight increasing levels of pollution caused by the local authorities’ policy of reducing of the city’s protected green areas and allowing construction companies to fell trees to make way for elite apartment buildings.

 

ASSAULTS ON ACTIVISTS SLAMMED AT CITY RALLY

Unscrupulous employers and corrupt state officials were behind a recent wave of criminal attacks on social and labor activists in Russia, speakers during a rally in support of the assaulted activists in St.


All photos from issue.

 

NATIONAL NEWS

CONSERVATORY LESS THAN HARMONIOUS OVER RECTOR

Intrigue surrounding the election of the new rector of the St. Petersburg Conservatory continued this week as one of three candidates for the post, Alexei Vasiliev, the rector of the Rimsky-Korsakov classical music college, withdrew his name in unclear circumstances.

 

OPPOSITIONISTS DETERMINED TO PRESS AHEAD

A new democratic movement’s local conference was prevented from taking place by the authorities at the weekend and an activist carrying stickers for an anti-Kremlin rally later this month was detained, but organizers behind both events say they will not be deterred.

NEW GENERATION OF BALLISTIC MISSILES TESTED

MOSCOW — Russia has begun producing a new generation intercontinental missile, a senior government official said on Monday, after a successful test launch.

Russia’s military hailed Friday’s test of the Bulava, a submarine-launched ballistic missile that can carry nuclear warheads to targets more than 8,000 kilometers away, after a host of mishaps that had raised doubts about its future.

 

CHURCH SLAMS PRIEST FOR EXHIBITING ICON OF STALIN

Soviet leader Josef Stalin might seem like an unlikely subject for an icon, but one priest disagrees — and his stance has sparked an angry response from the church.

GEORGIAN PRESIDENT DEFENDS ‘DIFFICULT CHOICE’

TBILISI, Georgia — Georgian President Mikheil Saakashvili on Friday mounted a fresh defense of his country’s assault on South Ossetia in August, denying accusations that Tbilisi had been the aggressor in the disastrous war with Russia that ensued.

Under fire from opponents who say he started a war that Georgia could not win, Saakashvili defended his actions on the night of Aug.

 

ATHLETES FACE DOUBLING OF SENTENCES

LONDON — The world governing athletics body has asked the Court of Arbitration for Sport (CAS) to double the two-year suspensions imposed on seven female Russian athletes for manipulating doping samples.


 

LOCAL BUSINESS

CRISIS NO PROBLEM FOR MILLIONAIRE FAIR

MOSCOW — In its brief history, Moscow’s Millionaire Fair has become a symbol of the exorbitant wealth that has been acquired by some during years of an oil-fueled economic boom.

This year, the glitzy show of mega-yachts, private helicopters and designer villas has been overshadowed somewhat by the global economic crisis, but that didn’t stop the fair’s organizers from seeming like they were in their own little world.

 

BP AGREES TO BACK EXPANSION OF CPC

MOSCOW — BP said Friday that it would back the long-delayed expansion of the CPC pipeline from Kazakhstan to Russia as early as December if it faces no obstacles in selling its stakes in the venture.

CENTRAL BANK DEVALUES RUBLE TWICE DURING COURSE OF WEEK

MOSCOW — The Central Bank on Friday allowed the ruble to depreciate for the second time in a week and said it would raise key interest rates in an effort to reduce capital outflows.

The trading corridor of the dollar-euro basket was widened by 1 percentage point, or 30 kopeks, for the third time this month, continuing on a track of gradual devaluation widely criticized for encouraging speculation and depleting foreign currency reserves.

 

MINISTER: INVESTMENT EXTENSION WOULD AID GENERATORS

MOSCOW — Electricity generators may get an extension on investment programs that they agreed to, while power distributors facing bankruptcy may be handed over to grid companies or generators to administer, Energy Minister Sergei Shmatko told journalists Saturday.

IN BRIEF

Ukraine Gas Bill

MOSCOW (SPT) — Naftogaz Ukrainy raised almost all the money it needs to pay for its September gas imports to a Gazprom subsidiary, Interfax reported Saturday.

Naftogaz has already paid $100 million out of a total of $380 million that it has agreed to pay by Dec.

 

EUROCHEM UPS STAKE IN GERMAN POTASH MAKER

FRANKFURT — Russian fertilizer maker EuroChem raised its stake in German potash and salt supplier K+S on Friday, raising questions over its plans for the rival company.

RusAl Nominates Prokhorov

MOSCOW — United Company RusAl has nominated Onexim Group president Mikhail Prokhorov to the board of Norilsk Nickel, RusAl said in an e-mailed statement Friday.

Norilsk Nickel confirmed the information, saying it had accepted Prokhorov’s candidacy in a list with the other RusAl candidates Wednesday.


 

REAL ESTATE

THE FUTURE OF COMMERCIAL PROPERTY IN PETERSBURG

Real estate experts and consultancy agencies are unanimous — despite the negative blow of the credit crunch, Russian commercial real estate has reaped excellent results over the last couple of years and, driven by confidence in the market and expanding investment possibilities, is expected to continue to grow.

 

JOB CUTS RAMPANT AS DEVELOPERS SLOW DOWN

The country’s real estate developers have started slashing staff as funding for their construction projects has dried up, industry sources and headhunters said on Thursday.

DESPITE CRISIS, RUSSIANS HUNT FOREIGN PROPERTY

Vacationing abroad has become something of a tradition for Russians who can afford it, and now many are also choosing to invest in property in other countries. This trend is being affected by the global financial crisis and new conditions for investment.

The geography of Russian interests is wide and in almost every corner of the world one can meet Russians who own real estate there. As well as seeking out properties in traditional hotspots in Western Europe and the Mediterranean, the global financial crisis has exposed opportunities in, for example, such Latin American markets as Brazil, Panama and in the Dominican Republic.

Meanwhile, Southern European markets such as Cyprus, Bulgaria, Turkey, Croatia and Montenegro remain popular among Russian investors for the climate and emergence of Russian emigre communities.

 

YEAR-ROUND RURAL RESIDENCES

A country house for Russians is no longer necessarily an old hut built by his grandparents on a standard 600-square meter plot with outdoor “facilities,” large vegetable garden and a small farm with domestic animals.


 

OPINION

5 WAYS TO MANAGE RUSSIA’S CRISIS

Finance Minister Alexei Kudrin always considered himself an advocate of the free market, while the members of Britain’s Labor Party have often been criticized for being too socialist. Now it turns out that Kudrin is even more left-leaning than his British colleagues are.

 

DON’T RUSH TO DECLARE THE U.S. DONE

Bitter anti-U.S. rhetoric from the Kremlin has been seen as a symptom of Russia’s return to its Soviet past. But while the words may be similar, the gist of today’s anti-Americanism in Russia could not be more different.


 

SPORT

MAN U GAINING ON CHELSEA IN TITLE RACE

LONDON — Chelsea dropped their 12th home point of the season as Arsenal came from behind to beat the Premier League leaders and allow champions Manchester United to gain ground at the top.

Champions Inter Milan took a six point lead in Italy after city rivals AC Milan were humbled 3-1 by mid-table Palermo while Barcelona inched four clear in Spain thanks to Real Madrid’s loss by the same score at Getafe.

 

ENGLISH CRICKETERS SLAMMED FOR CUTTING SHORT TOUR OF INDIA

SYDNEY — England’s cricketers were guilty of employing double-standards for quitting their tour of India because of security fears, former Pakistan coach Geoff Lawson said on Monday.



 
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