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Loan Crisis Threatens Boom in Kazakhstan

The Moscow Times - №3750, tuesday, september 25, 2007

By Nariman Gizitdinov / Bloomberg

Some Kazakh banks, struggling to borrow from abroad, have stopped lending to home buyers and builders, threatening the country's eight-year economic boom, the government said.

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Continue reading Comments (0) 25-09-2007

Federation Island Has Putin Approval

The Moscow Times - №3750, tuesday, september 25, 2007

President Vladimir Putin gave his tacit approval to a spectacular plan to create a massive artificial island off Sochi's coast at the city's sixth International Investment Forum last week, the company behind the project said in a news release Saturday.

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Continue reading Comments (0) 25-09-2007

Russian interest in Greek resorts is on the rise

A recent picture of the medieval fortress in Cyprus’s Paphos harbor. Property prices in Paphos have nearly doubled in the last three years.

NIKOS ROUSSANOGLOU

Russian private investors have appeared increasingly interested in the real estate markets of the Mediterranean, particularly those of Greece and Cyprus, in recent months.

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Continue reading Comments (0) 4-08-2007

Economy of Russia

More than a decade after the collapse of the Soviet Union in 1991, Russia is now trying to further develop a market economy and achieve much more consistent economic growth. Russia saw its comparatively developed centrally planned economy contract severely for five years, as the executive and the legislature dithered over the implementation of reforms and Russia's aging industrial base faced a serious decline.

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Continue reading Comments (0) 8-06-2007

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