Gref Urges Diversity to Preserve Growth
By Anna Smolchenko
Staff Writer
The country needs to urgently diversify its economy if it wants to maintain current rates of growth, Economic Development and Trade Minister German Gref told top lawmakers Monday.
State Eyes Airports Holding, Paper Says
By Conor Humphries
Staff Writer
The government is considering consolidating the state’s airport holdings into one company, Kommersant reported Monday, citing a source in the Transportation Ministry.
Firms Jump on the SMS Bandwagon
By Conor Humphries
Staff Writer
With digital pictures, competitions, MP3s and ring tones, the market is now worth $80 million per year, a consultancy says.
Big 3 Fixing Phone Fees, Paper Says
By Maria Levitov
Staff Writer
New agreements on mobile interconnection fees are set to squeeze smaller mobile operators out of the market and may land the country's three largest mobile operators in trouble with the Federal Anti-Monopoly Service.
Court Rules Against Office Demolition
By Conor Humphries
Staff Writer
Europa House, a major Western-financed office building near Chistiye Prudy, in central Moscow, may finally open its doors after five years of legal wrangling following a decision by the Moscow Arbitration Court.
Location, Location ... Inflation
The Moscow Times
In the third part of a four-part series on Moscow neighborhoods, seven realtors answer the question: Which are Moscow's most overrated suburbs and why?
EU Dangles Rewards for Energy Pact
By Jeff Mason
Reuters
As Russia edges toward agreement on energy principles with Group of Eight leaders, the European Union is offering several rewards: cash, technology and access to a huge market that is hungry for oil and gas.
IEA Denies Trying to Block Gazprom
The Associated Press
The International Energy Agency on Monday denied it was trying to rally European governments against Gazprom's plans to expand its business into Europe, countering claims by a top Gazprom official.
TNK-BP: Tax Claims Total $2Bln
The Moscow Times
TNK-BP on Monday declined to confirm a Vedomosti report that back tax claims against the oil major amounted to $2.33 billion.
Brits See Coal as Alternative to Gazprom
By Miyoung Kim and Karolina Slowikowska
Reuters
Soaring oil and gas prices, doubts about Russian supplies and advances in clean technology are fuelling a revival of Britain's coal industry ahead of a review of energy policy expected next week.
World
EADS Faces Threat of Jumbo Lawsuits
Reuters
Announcements of production delays on the A380 superjumbo have prompted disenfranchised investors to file lawsuits.
Orders of Airbus Jets Plunge
Reuters
Airbus orders plunged by more than half in the first six months of the year as confusion over its product range robbed the company of wide-body sales throughout the second quarter, new figures showed Monday.
Germans Lose Again -- On Ads
By Jeffrey Goldfarb
Reuters
The World Cup has boosted advertising spending in many countries, but not in the host nation Germany, where most of the matches were shown on public television, new data released Monday show.
