Leaders and outsiders: Where to do business in Russia
The Public Opinion Laboratory (LIOM) has published its ranking of the most business-friendly Russian governors
Carmakers turn to BRICS for growth
Despite a moderate downturn in car sales seen in Russia from the beginning of the year, the country is a critical automobile market, which is projected to surpass Germany in the future
Red Wings awaits clearance for take off
Red Wings is currently awaiting a reinstatement of its operator's license and is expected to resume flights on June 1st. The airline is planning to focus on low-cost flights
RusAl Profit Dives 45% but Beats Forecasts
RusAl, the world's largest aluminum producer, posted a 45 percent drop in first-quarter recurring net profit due to lower aluminum prices, but the result beat forecasts and its shares rose more than 3 percent in early trade.
While Russia's electricity exports decline, imports rise
High water levels in Scandinavia provide the Nord Pool Spot with cheap hydro-generated power and leave Russia at a competitive disadvantage
Russia's auto industry goes into high gear
A second wave of automobile production localization hits Europe’s soon-to-be largest car market as Russian manufacturers are forced to compete with incoming foreign giants. To the surprise of many, small and compact cars are king
Arkhangelsk: Science's gateway to the North
Asos shifts focus to Russia, Amazon to follow
International online retailers are flocking to Russia. Following the footsteps of American eBay and Chinese Taobao, Asos launched a Russian website. Amazon is expected to follow soon
Microsoft Teaches Computer Literacy
For the last three years, Microsoft has trained hundreds of thousands of Russians in computer literacy for free thanks to a deal reached at the St. Petersburg International Economic Forum. The company is now engaged in financing seed startups in Russ
Russian investment to flow into Southeast Asia
Last year Russia invested $2.2 billion in ASEAN countries and received some $1.4 billion in return investment. Experts believe it is necessary to tap into this growth potential and boost investment flows in both directions
Acer seeks to overtake Samsung, Apple in Russian tablet market
Acer plans to capture 25 percent of the Russian market for tablet computers. Given Acer's current standing among competition, even with aggressive marketing the goal seems unrealistic.
Preparations for G20 summit in St. Petersburg under way
Representatives of G20 leaders are continuing preparations for the St. Petersburg summit.
Russian interactive content app conquering Korea
Following its successful launch in Russia and English-speaking countries at the end of 2012, the NARR8 app for iPads and Android devices has now hit the Korean market
Moscow takes 2nd place globally among in number of billionaires
Russia’s capital is home to more billionaires than any city in the world except New York
Russia’s Qiwi hits NASDAQ
The company operating Russia’s largest instant payment system has conducted an IPO on the Nasdaq stock exchange. Valued at $884 million, 23% of Qiwi’s equity and 2.9% of its voting stock will be in free float
Bridgestone to build a plant in Ulyanovsk Region
Bridgestone is to build a production facility in Russia, which will help it to increase its share of the rapidly growing CIS auto components market by 2016
Will China trigger new economic crisis?
China’s government has published a plan of new economic reforms. The new measures will limit the interference of the state in the economy. The plan’s authors believe that this may speed up the country’s economic development
Too much aluminium
The global aluminium market is struggling with an oversupply crisis. Russian aluminium giant RUSAL believes manufacturers should cut back on production
Foreign Policy Magazine Names 23 Most Powerful Russians
VTB begins 100 billion-rouble sale of shares
The supervisory board at VTB Bank has approved additional share issues worth 100 billion roubles ($3.2 billion). The shares may be offered in mid-May