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    Kim Visits Power Plant in Amur, En Route to Ulan-Ude

    Aug. 22 – North Korean leader Kim Jong-Il toured a hydroelectric plant in the Amur region yesterday as he traveled by train through Russia on his first visit in nine years. Kim crossed into Russia on his armored train Saturday at the invitation of President Medvedev, with the two leaders expected to meet later in[…..]

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    Dalian Riots Won’t Affect Russian Tourism

    Aug. 19 – Demonstrations in the northeast Chinese city of Dalian will not impede the tourist sector of Russian Far East, market participants declared. Demonstrators in the port city of Dalian, in Liaoning Province, faced down a wall of police in riot gear in front of the municipal government office last weekend. Minor scuffles broke[…..]

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    Japanese AGC to Construct US$250 Mln Factory in Siberian Tomsk

    Aug. 18 – The Asahi Glass Company (AGC), a Japanese manufacturer of automobile glass, plans to construct a glass factory in the Siberian Tomsk region, according to the region’s vice-governor Oksana Kozlovsky. ″The decision to build the factory in the Tomsk region with investment totaling US$250 million was made in Bruxelle last week,″ she told[…..]

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    Russia Wants to Boost Trade with Korean Peninsula

    Aug. 16 – In a message to North Korean Supreme Leader Kim Jong-il, Russian President Dmitry Medvedev said his country is willing to step up cooperation with both Koreas including a trilateral project in gas, energy and railway construction, North Korea’s state-run KCNA news agency reported Monday. “[The project] will contribute to stabilizing the situation[…..]

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    European Commission May Ease Travel to EU for Kaliningrad Residents

    Aug. 1 – Residents of the Russian enclave of Kaliningrad may soon be able to visit relatives and do business in the European Union border region with special permits for regular crossings, instead of visas, under a proposal unveiled by the European Commission on Friday. The European Commission has proposed allowing the states bordering Kaliningrad[…..]

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    Russia Needs More Overseas Tourists to Attract Foreign Investors

    Jul. 29 – Russia has to grow its tourism industry to attract more foreign investment to the economy, following Georgia and Brazil as role models. “There are synergies between foreign investment behavior and the number of foreign tourists visiting the country,” Oleg Mazurov, CEO of Allianz Rosno Asset Management writes in his column in Russian[…..]

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    Russian Government Better Off Not Selling Natural Monopolies

    Jul. 20 – While the Russian cabinet has been trying to accelerate privatization, foreign experts suggest it may be better to ease up, saying that selling the “natural monopolies” could possibly be counter-productive. Giving a speech at the St. Petersburg Economic Forum this June, President Dmitry Medvedev demanded that the government correct plans for privatization[…..]

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    Russia to Relieve Foreign Investors from Gains Tax

    Jul. 19 – Russian President Dmitry Medvedev has signed a law that makes amendments to Article 309 of the Russian Tax Code. The law makes the Russian securities market more attractive to foreign investors as it states that income received by them from sale of shares in Russian equities listed on a stock exchange is[…..]

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    Sberbank to Expand to Europe

    Jul. 18 – Russia’s Sberbank will buy the Eastern European arm of Oesterreichische Volksbanken for an estimated US$1 billion. The deal could be sealed by the end of July and will give Russia’s biggest lender a platform to establish a global presence. VBI would serve as a springboard to further expansion in Europe, RIA Novosti[…..]

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    Lithuania to Break Gazprom Control Over its Energy Market

    Jul. 15 – Lithuanian President Dalia Grybauskaite has signed a new law that will break the Gazprom gas monopoly’s control over supplies and distribution in the Baltic state. In doing so, Lithuania has become the first European Union country to begin implementing new regulations seen as a major test of the EU’s determination to slow[…..]

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