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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

Gazprom Nears Libya Gas Asset Deal

01 October 2008Gazprom is set to cement its entry into the Libyan oil and gas market this month by finalizing an agreement with Italian energy giant Eni as part of a broader asset swap, both companies said.

The move comes after a sustained diplomatic push by the Kremlin to improve relations with the North African state and could see Eni developing projects along Russia's Arctic coast.

The announcement came after a meeting Monday in Moscow between Gazprom CEO Alexei Miller and his counterpart at Eni, Paolo Scaroni, and would herald Gazprom's entry into the Elephant oil project in Libya.

The agreement is part of a memorandum signed by the Italian firm when it bought into Gazprom to help the Russian company expand its business overseas.

Speaking Tuesday, Scaroni said Eni had an interest in developing various projects in the Arctic Sea, Interfax reported.