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State could seize Moscow’s biggest airport
Published: 03 April, 2008, 13:23
A court decision has thrown into doubt the ownership of Domodedovo Airport in southern Moscow. Privately owned East Line is accused of illegally acquiring the facility a decade ago.
The court ruling came into effect on March 20, following legal action by the Federal Property Agency. East Line now fears it may lose the rights to its property – Russia’s biggest and most modern international airport.
The East Line group privatised the airport in the 1990s and spent more than a $US 1 billion on building a new terminal and refurbishing what was already there.
Domodedovo has been rated as the best airport in Eastern Europe by the Airports Council International.
03.04.2008, 09:44
Nobel Prize winner shares secrets of micro-creditFor three decades, Bangladeshi economist and Nobel Peace Prize winner Muhammad Yunus has been using micro-loans as a weapon to fight poverty. With loans as small as $US 10, he helped millions to launch small businesses. Now he is in Moscow to share his id |
03.04.2008, 13:39
Government denies charging UK investor with tax fraudThe Interior Ministry has denied bringing charges against William Browder, head of a major investment fund operating in Russia. Business newspaper Kommersant reported earlier that Browder had been officially accused of tax dodging. |
