Designer to Open Local Cavalli Clubs

By Irina Filatova

Moscow’s famed Praga restaurant will remain largely unchanged if it is chosen as the site for a Cavalli Club.

Italian fashion designer Roberto Cavalli plans to open night clubs in Moscow and St. Petersburg this year, with the investment in the projects possibly exceeding 4 million euros ($5.48 million), a real estate consulting company said Monday.

Chigirinsky Plans $700M for Moskva-City

By Irina Filatova

Shalva Chigirinsky, the real estate and oil tycoon whose plans to build the tallest tower in Europe vanished with the 2008 crisis, wants to construct a building about half the size in the Moskva-City business district, officials said Monday.

Foreigners Barred From Purchasing Border Land

By Natalya Krainova

The decree, signed by President Dmitry Medvedev on Sunday and posted on the Kremlin's web site, lists 380 border areas in 48 regions where foreign individuals and companies are not allowed to buy land.