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
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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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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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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