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Today in Russian Business – Dec 20, 2011

The head of the Federal Road Agency explains that part of the difficulty of cracking down on corruption in the sector is caused by companies changing their names daily.  The CEO of Petropavlosk, Pavel Maslovsky, is leaving his post to take up a government position in the Amur region, ‘where the company owns four gold mines’.  Domodedovo Airport is seeking a potential buyer.  Real wages have risen 7.1% this year, allegedly in part thanks to increased consumer demand.  Reuters suggests that income inequality is to blame for United Russia’s poor performance in the recent elections.  Billionaire Mikhail Fridman is planning a $1 billion real estate investment package for East coast U.S. properties.