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Welcome
to our Hotel Network!
Your non stop hotel reservation guide for Hotels in
Russia. We
searched multiple suppliers for the best Room Rate available. Often
GDS (Global Distribution System) suppliers have different room rates, due
to the fact that they individually buy blocks of rooms from hotel chains.
Check
first our Last Minute &
Hot Deals where we put a Montly update of all known LAST MINUTES! of
all Hotel Reservation Suppliers. This to get & let you informed about
all known Discounted deals in Europe!!!
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The defeat
of the Russian Empire in World War I led to the seizure of power by the
Communists and the formation of the USSR. The brutal rule of Josef STALIN
(1924-53) strengthened Russian dominance of the Soviet Union at a cost of
tens of millions of lives. The Soviet economy and society stagnated in the
following decades until General Secretary Mikhail GORBACHEV (1985-91)
introduced glasnost (openness) and perestroika (restructuring) in an attempt
to modernize Communism, but his initiatives inadvertently released forces
that by December 1991 splintered the USSR into 15 independent republics.
Since then, Russia has struggled in its efforts to build a democratic
political system and market economy to replace the strict social, political,
and economic controls of the Communist period. A determined guerrilla
conflict still plagues Russia in Chechnya.
A decade
after the implosion of the Soviet Union in December 1991, Russia is still
struggling to establish a modern market economy and achieve strong economic
growth. In contrast to its trading partners in Central Europe - which were
able to overcome the initial production declines that accompanied the launch
of market reforms within three to five years - Russia saw its economy
contract for five years, as the executive and legislature dithered over the
implementation of many of the basic foundations of a market economy. Russia
achieved a slight recovery in 1997, but the government's stubborn budget
deficits and the country's poor business climate made it vulnerable when the
global financial crisis swept through in 1998. The crisis culminated in the
August depreciation of the ruble, a debt default by the government, and a
sharp deterioration in living standards for most of the population. The
economy subsequently has rebounded, growing by an average of more than 6%
annually in 1999-2001 on the back of higher oil prices and a weak ruble.
This recovery, along with a renewed government effort in 2000 and 2001 to
advance lagging structural reforms, have raised business and investor
confidence over Russia's prospects in its second decade of transition. Yet
serious problems persist. Russia remains heavily dependent on exports of
commodities, particularly oil, natural gas, metals, and timber, which
account for over 80% of exports, leaving the country vulnerable to swings in
world prices. Russia's industrial base is increasingly dilapidated and must
be replaced or modernized if the country is to achieve sustainable economic
growth. Other problems include widespread corruption, lack of a strong legal
system, capital flight, and brain drain.
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