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Russian Business and Law News

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29.09.2011 18:14

The largest submarines in the world Dmitry Donskoy, Arkhangelsk and Severstal are to be written off and cut into metal. The further use of them is impossible because of restrictions, placed by START.

29.09.2011 11:54

The revival of hemp growing traditions in Russia would have 100 bln Rubles (about $ 3.4 bln) annual turnover and create 1 mln jobs.

28.09.2011 18:03

Russian companies Tupolev, the plant Aviastar-SP and Syrian airline Syrianair have signed a memorandum of intent on supplying Tu-204SM passenger jets.

28.09.2011 16:27

Russian agrochemical holding EuroChim, owned by Andrey Melnichenko, intends to acquire BASFs fertilizer assets located in Belgium and France.

27.09.2011 11:41

Italian Eni, one of the major Gazprom partners in Europe, intends to start oil business in Russia. The company is negotiating with Rosneft about joining oil extraction project in Vale Shatskogo in the Black Sea.

27.09.2011 10:58

The American company Coca-Cola intends to invest $ 3 bln into the Russian economy for the nearest five years. According to the agency, Coca-Cola has already spent $ 3 bln for the all time of its presence in the Russian market.

26.09.2011 16:21

Russian mobile operators Mobile TeleSystems (MTS) and Vimpelcom (brand Beeline) have signed an agreement on joint building and using fourth generation nets (LTE).

24.09.2011 17:00

The 250th anniversary of the State Hermitage Museum in Saint Petersburg, which will take place in 2014, will cost federal budget 12 mld Rubles (about $ 400 mln).

22.09.2011 18:05

Rusal considers the possibility of building an aluminium plant in Iran, which would make the 9% from its whole production, writes the newspaper Kommersant. The U.S. sanctions against Iran make some difficulties for the project realization.

22.09.2011 15:52

In 2011 German Metro Group, famous for its small-scale wholesale hypermarkets, is to open some food shops of 40-100 sq meters in Russia. Afterwards Metro plans to develop the new format on franchise.

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