DAVOS, Switzerland, January 26, 2011 /PRNewswire/ -- - North Caucasus Resorts Company (NCRC) incorporated to manage $15bn public-private investment in five new ski resorts in the Caucasus - President Medvedev: "Peak 5642 is going to transform the Caucasus." - Akhmed Bilalov, Vice-President of the Russian Olympic Committee, appointed Chairman of the Board of NCRC: "Terrorists achieve nothing - We won't consider for one moment pulling back from our project" - First phase of plans to be presented at Davos event tonight The North Caucasus Resorts Company (NCRC), the newly-incorporated state enterprise charged by the Russian Federal Government with implementing a $15 billion programme called Peak 5642 to develop mountain resorts in the Caucasus, will tonight present the first phase of its plans to investors. At an event taking place at the World Economic Forum in Davos, Akhmed Bilalov, Vice-President of the Russian Olympic Committee, appointe

Researchers said Monday that traces of a previously unknown Bronze Age civilization have been discovered in the peaks of Russia's Caucasus Mountains because of aerial photographs taken 40 years ago.

Russia Monday agreed to relocate the sites for the bobsled and luge tracks for the 2014 Winter Olympics, U.N. environmental officials said Monday. The U.N.

By McCauley, Marissa The home for the 2014 winter Olympics has been chosen, and the location has some environmentalists alarmed. The natural beauty of Suchi, Russia, located on the coast of the Black Sea near the Caucasus Mountains, will be discovered by an international clientele.