ST. PETERSBURG, Russia, Nov.

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

Excerpt from report by GTRK Vaynakh TV, Chechen affiliate of official Russian state broadcaster, on 18 January [Presenter] A direct railway route has been opened to Baku. The new Baku-Kislovodsk route will pass through almost all North Caucasus entities.

A Utah couple accused of kidnapping their daughter to keep her from getting married have pleaded guilty to reduced charges Wednesday.

Chechen rebels have claimed responsibility for a gas pipeline blast in Russia's southern Volgograd Region, Kavkaz-Tsentr website has reported.