Issue #776 (42), Tuesday, June 11, 2002 | Archive
 
 
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LOCAL NEWS

PUTIN SLAMS ANNIVERSARY PLANNING

President Vladimir Putin slammed local officials at a meeting with representatives of city and regional governments over the weekend, criticizing them for mismanaging funds allocated for the construction and repair of city infrastructure and cultural monuments ahead of St.

 

POLICE TAKE RAP FOR FAILING TO STOP TROUBLE

MOSCOW - As Moscow cleaned up the mess left by rampaging soccer fans, the Moscow City Police took the heat Monday for failing to foresee and avert the riot, and opposition political parties voiced fears that the Kremlin may use the street violence as a pretext for curbing civil liberties.

Chinese Journalist Held Over Falun Gong Info

A Chinese journalist who was in St. Petersburg to report for The Epoch Times, a U.S.-based newspaper, on the Shanghai Summit between President Vladimir Putin and leaders from China and the former Soviet Central Asian Republics was arrested on Friday for handing out leaflets in support of the Falun Gong movement in front of the Astoria Hotel, the Agency for Investigative Journalism reported on Monday.


All photos from issue.

 

NATIONAL NEWS

ANALYST: YELTSIN'S COMMUNIST DEATH-KNELL WAS PREMATURE

MOSCOW - Surfacing from retirement last weekend to make a rare televised appearance, former President Boris Yeltsin - looking healthier and thinner than he has in years - predicted the looming demise of the organization that had opposed his every move as president.

 

NAZARBAYEV AIMING FOR PEACE AND STABILITY

ALMATY, Kazakhstan - Last week, as the leader of India stared past Pakistan's president and refused to meet with him, despite the entreaties of President Vladimir Putin, the summit all three were attending got little mention.

COMMISSION PROPOSES DATES FOR DUMA, PRESIDENTIAL POLLS

MOSCOW - The Central Elections Commission has proposed dates for the next parliamentary and presidential elections, among a series of measures meant to bring election law into line with other federal laws.

CEC chief Alexander Veshnyakov said on Friday that the next State Duma election should happen on Dec.

 

IN BRIEF

Pasta Blaze

ST. PETERSBURG (SPT) - The press service for the city fire department said Monday that a fire at a local pasta-production facility, Makaroniya Fabrika, had been brought under control.


 

LOCAL BUSINESS

LOCALS LOOK GOOD IN SOFTWARE

Although India remains the world leader in the software-outsourcing industry, Russia is catching up rapidly, according to information-technology analysts attending the Second Software Outsourcing Summit in St. Petersburg last week. The three-day conference was held at the Pulkovskaya Hotel, attracting nearly 500 representatives from 200 software companies and IT associations from over 25 countries.

 

U.S. MARKET STATUS ONLY FIRST BATTLE IN TRADE WAR

MOSCOW - For Russia, graduating from the school of non-market economies is a bit like turning 18 in the United States: You become old enough to vote and go to war, but you still have years to wait before you can legally celebrate with a drink.

KOZLOV REVEALS PLANS FOR MAJOR REFORM AT CB

Speaking last week at the annual banking congress in St. Petersburg, Andrei Kozlov, first deputy chairperson of the Central Bank, told bankers that they have three years to modernize.

In that time, Kozlov said, the Central Bank will perfect its bank-inspection facilities and develop a system for guaranteeing deposits.

 

WESTERN BANKS CHASE NEGLECTED SMALL-BUSINESS SECTOR

In St. Petersburg's banking market, opportunities for small businesses and private individuals to receive credit are limited. Nevertheless, over the last year, a number of banks have announced plans focusing on work with the small-business sector, with foreign banks in St.

NOBLE TOUCH AT DEUTSCHE BANK

MOSCOW - Alexis Rodzianko first came to Russia to run United City Bank in 1995, but his aristocratic family has a long and illustrious history here that earned his great-grandfather a place on Lenin's hit list.

"The first people with this surname were in Ukraine in the middle of the 17th century," says Rodzianko, now a managing director at Deutsche Bank Moscow. "They were landowners and served the tsars in various capacities, marrying into the Russian nobility.

 

CARRYING CASH GOING OUT OF STYLE WITH LOCALS

The total number of plastic cards issued in St. Petersburg and operating along international payment lines is set to pass 2 million this year.

Though bankers may be pleased by the huge rise in numbers, they're even happier about the way their clients are using the cards: customers are keeping their money in their accounts longer and using their cards more often to pay directly for goods and services.

RUSSIAN BANK'S FALL OFFERS INVESTORS A CAUTIONARY TALE

MOSCOW - It looked like Investment Banking Corporation was the West's fair-haired poster child of fiscal responsibility in the often rough-and-tumble world of Russian banking.

It was among the first banks to have its books audited to international accounting standards, and it assisted the EU's Tacis on a project to introduce international accounting standards to the Russian banking system.

 

OPENING EYES TO RUSSIA'S INVESTMENT GAMBLE

WESTERNERS frequently comment that Russians oscillate between extremes. They say the Russian character mirrors the country's dramatic changes in seasons and climate.


 

OPINION

EUROPE IS A BETTER OPTION FOR RUSSIA

In response to "Euro Skeptic," Letters, June 4.

Dear Editor

I'm visiting St. Petersburg for the first time in my life, for business reasons, and I'm glad to see a very beautiful town and proud to know that some of the most beautiful palaces were built by Italian architects.

 

WHY IS PUTIN CONTINUING TO TRUST KUCHMA?

UKRAINIAN PRESIDENT Leonid Kuchma arrived in St. Petersburg on Sunday for a summit meeting with President Vladimir Putin.

An important item on the already-crowded agenda was recent moves by both countries toward closer ties with NATO.

LAUGH, AND THE WORLD LAUGHS WITH YOU

IF you really feel like leaving, nobody can make you stay. I'm sorry, but I've felt like getting out of here for a while now. So that's what I'm doing.

I've already heard the question "why?" hundreds of times over the last little while, and the other day, when I heard it again, I just pointed out our office window at the hundreds of cars that, in the process of trying, themselves, to get out of the city, had turned St.

 

CHRIS FLOYD'S GLOBAL EYE

While the lumbering giants of the American media make their clumsy bows of obeisance to the presidential paymaster filling their corporate goodie bags with tax-cut candy and merger massage oil, a few snippets of unsalted truth about the real world continue to spill from the croker sacks of the lean and hungry provincial papers.


 

WORLD

INDIA MOVES TO LESSEN TENSION

NEW DELHI - In a move to reduce tensions with Pakistan, India took what it called a "significant step" on Monday by announcing that restrictions on flights to and from Pakistan will be lifted soon.

"I don't think that it's modest," said India's spokeswoman for the Ministry of External Affairs, Nirupama Rao.

 

COSTA, SERENA WILLIAMS TAKE FRENCH TITLES

PARIS - Albert Costa beat fellow-Spaniard Juan Carlos Ferrero, 6-1, 6-0, 4-6, 6-3, on Sunday in the French Open final for his first major championship.

Inamoto Raises His Game To Sink Russia

YOKOHAMA, Japan - Junichi Inamoto couldn't have come up with a better time or place to improve his performance, scoring the only goal as Japan beat Russia 1-0 on Sunday.

Japan now has four points in two matches, while Russia has three. Belgium is third with two point and Tunisia is last with one, following Monday's 1-1 tie between the countries.



 
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