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The Moscow Times Moscow Guide – Winter 2008

Since the middle of autumn one of the most important topics of discussion, could only be … no, not the financial crisis… New Year! The winter issue of The Moscow Times Moscow Guide is entirely devoted to New Years celebrations. Seven great ideas for celebrating the “Night of Nights” will help readers finalise their plans and choose how and where to party, give fresh ideas and lots of practical advice.

And don’t forget – problems will come by themselves, but happiness and luck need an invitation. That why the more cheerful and light-hearted your celebration of the coming holiday is, the happier and more successful 2009 will be for you.

The Crisis: Signs of a Kremlin Fearful Of Unrest
Sociologist Yevgeny Gontmakher has painted a disturbing picture of what might emerge from the financial crisis, forecasting continued unemployment, huge protests and spreading violence.

Market Matters: Huge Grain Harvest No Boon for Farmers
This year Russia is enjoying the biggest grain harvest it has ever seen -- and farmers couldn't be more worried.



Tuesday, January 06, 2009 Updated at 31 December 2008 22:36 Moscow Time.

The Moscow Times » Issue 4000 » Business

RZD Will Invest $63Bln in Far East

01 October 2008Russian Railways, the monopoly that operates the world's longest rail network, said Tuesday that it would invest about 1.6 trillion rubles ($63 billion) to improve service in the country's Far East federal district.

The state-owned company will upgrade its existing network and build new track by 2030, it said in an e-mailed statement.

President Dmitry Medvedev, who toured the Far East last week, said poor transportation is holding back the economy of the area.

New lines will help Russia exploit vast reserves of natural resources, including Elga, the country's largest untapped coking-coal field in the Sakha republic.

Russian Railways gave no details of how it will finance the upgrade. Chief executive Vladimir Yakunin said last week that the company plans to raise "a few billion dollars" this year.