Russian Ministry of Economy reduces its GDP growth projection for 2013

According to the business daily RBK News (www.rbc.ru), Russian Deputy Minister of Economy Klepach briefly commented on the GDP growth forecast for 2013 by saying “it won’t even reach three percent”, significantly reducing the previous forecast of 3.6 percent. The Deputy Minister promised to present the official forecast in April, but it is already clear…

Russian healthcare professionals in competition with soothsayers and psychics

Vedomosti’s recent editorial analyzes the preferences of Russian inhabitants when it comes to taking care of their health, quoting, among others, Moscow’s chief cardiologist Yuriy Buziashvili, who complains that medical professionals in Russia compete not only with their foreign colleagues, but with the local soothsayers and psychics as well. According to Buziashvili, Russians spend approximately USD…

Latvian bank awarded a temporary injunction against Russian debtor

Business daily Vedomosti (http://www.vedomosti.ru/companies/news/10131851/arest_polatvijski#ixzz2NsXXvP78) reported that the Commercial Court of the Yamal-Nenetsk region ordered a preliminary injunction against a Russian company Severneft, based on a lawsuit filed by a Latvian bank Reverta after Severneft’s decision to liquidate. The Latvian bank is attempting to collect a loan of USD 75 million approved to another Russian company,…