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With gold prices hitting all time highs should Russia to be thinking of selling some of its reserves?

Budget surplus and liquidity - Russia's economic airbag Capital outflows rise, industrial output slows, but Russian politicians and economists are confident the country is weathering the global credit crisis.

Rostropovich art collection returns to Russia The art collection of celebrated cellist Mstislav Rostropovich, bought by Russian businessman Alisher Usmanov, is to find its permanent home in a palace in St. Petersburg.

Rotating skyscraper to transform Moscow skyline Russia's capital is set to follow the example of Dubai, and get its own spinning building. The design is the latest in a series of bold architectural adventures that are changing Moscow's skyline.

Business travellers welcome new Moscow hotel Affordable hotel rooms are like gold dust in Moscow, so the opening of a new hotel aimed at business travellers will be greeted with a fanfare by the business community. The former Soviet hotel, Mezhdunarodnaya, has...

Public rebuke takes shine off VTB’s results Russia's second largest bank, VTB, has announced its results for the first half of the year. Profits of US 504m were in line with market expectations, but VTB’s stock price fell after critical comments about the bank by...

Brand Russia aims to win more tourists Although this year’s Moscow international tourism fair attracted three times as many participants as it did in 2006, most analysts believe the country is only just beginning to realise its potential as a tourist...

Russia's biggest carmaker up for sale Russia's largest carmaker Avtovaz may sell a stake to Aleksey Mordashov, chief of Severstal, or magnate Alisher Usmanov, who heads MetalInvest.

Russian mobile operator enters Indian market Russian consumer services company Sistema has bought a 10% stake in Indian telecoms operator, Shy-am Telelink. The deal is worth $US 11.4m.

Russia drops out of business top 100 - World Bank Russia has slipped 10 places in a World Bank league table on how easy it is to do business around the globe. The report ranks Russia 106th out of 178 countries, slipping behind China for the first time.

Celtic Resources says Severstal offer too low Irish mining group Celtic Resources, which operates in Russia and Kazakhstan, has rejected a takeover bid by Severstal. The Russian steelmaker has made an offer to buy 73% of Celtic, in which it already owns a 26% stake.

New Superjet 100 unveiled in Russia Russia's first modern commercial passenger aircraft, the Sukhoi Superjet 100, has been unveiled in the far eastern city of Komsomolsk-on-Amur. The airliner is intended to replace most of the country's outdated short and...

Sukhoi set to unveil new passenger plane Russia’s long-awaited new passenger plane, the Sukhoi Superjet 100, is to be unveiled. The new jet, built in the Far East of the country, is expected to replace most of Russia’s outdated short and middle range civil...

Russian homebuyers flock to Bulgaria With house prices at home going through the roof, many Russians are looking abroad to get a foot on the property ladder. And Bulgaria is increasingly becoming the destination of choice. Its culturally similar to Russia...

Ex-soldier makes Abkhazian spice his business Rauf Djikirba from Abkhazia survived conflict with Georgia to find a new life in a very different field. Now he is known as the ‘Adzhika King’ for becoming a successful exporter of the traditional hot sauce.

Supermarkets still catching on and catching up Supermarket chains are increasing their presence in Russia's food retail market, but experts say the sector is still underdeveloped.

Private military contractors: new way of waging war? The U.S. security firm Blackwater USA has been at the centre of a scandal over the way it operates in Iraq. The Iraqi government has revoked Its licence following a firefight involving the company’s employees that left...

Sochi forum delegates wind down after work With a record attendance and $US 23 BLN worth of deals in the bank, the International Investment Forum in Sochi has been deemed a success. City leaders say the event was a dress rehearsal for the 2014 Winter Olympics...

Winter Olympics in spotlight at today's Sochi forum The 2014 Olympics in Sochi are the focus of day two at the International Investment Forum taking place in the city. Businessmen and politicians from Russia and abroad will discuss how to prepare the Black Sea resort for...

Nordstream pipe may take another twist A UNESCO world heritage site Sweden's Island of Gotland is wrapped in a heated debate about the route of Russian gas to mainland Europe via the Nordstream pipeline.

Thousands of delegates gather in Sochi for Investment Forum The sixth annual International Investment Forum is underway in the future Olympic City of Sochi. Businessmen and politicians from Russia and across the world are taking part. Its goal is to attract investment to...

Nord Stream says it will not face delays in construction Russian-German company Nord Stream says it won't face delays in building a new gas pipeline linking Russia and Western Europe despite Estonia's refusal to let it carry out geological surveys near its coastline.

Will EU slam door on Russians buying energy networks? The European Commission intends to block foreign energy suppliers from buying EU’s gas and electricity networks – a move that could hit Gazprom.

Dr. Frank Schauff Dr. Frank Schauff, CEO of the Association of EU businesses in Moscow, says that any protectionism is a mistake.

Lukoil to get advantage in tender for West Qurna-2 field: Iraqi FM Iraqi Foreign Minister Hoshyar Zebari has promised that Russian oil company Lukoil will have an advantage in a tender to develop the West Qurna-2 oil field. Iraq says it will not overlook Lukoil’s experience in the...

Big business and leisure meet in Sochi An international investment forum has officially kicked off in the Black Sea resort of Sochi. Around 10,000 people from about 60 Russian regions and 30 foreign delegations from the CIS countries, Asia, the EU, China,...

Russian businessmen ready to splurge on jets depite tax obstacles The world’s leading business aircraft producers have brought their latest models to the business aviation show in Moscow.

New EU energy plan might affect Gazprom In an attempt to make its energy market more competitive the European Commission suggests limiting the presence of energy companies from countries that do not give similar access to European firms. The new measures are...

Russian bankers at ease over cheaper dollar The U.S. Federal Reserve surprised economists and market watchers on Tuesday, with a bigger than expected cut in interest rates, in response to global credit fears. At a meeting of banking experts in Moscow leading...

Sochi forum to lure big business fish Russia's Black Sea resort city of Sochi is hosting its sixth annual International Investment Forum this week. The region is looking to attract more than $US 40 billion in investment over the next five years, as it...

Russia and Venezuela tighten ties Russia and Venezuela plan to boost bilateral trade, with an emphasis on energy and information technology. The two countries already share several high-profile projects.

Vladimir Ismailov: comments

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“We tried to find a compromise with Hitler” – last Polish Communist leader

Ex-broker bunkers down for real

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US Army follows footsteps of Alexander the Great – journalist

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