Unilever unveils plans to build Russia’s largest ice cream plant
3 Jul, 11:00 PM
Unilever plans to spend $140 million to build Russia’s largest ice cream factory and tap the country’s increasing appetite for cones and popsicles.
Eccentric Russian businessman leads return to gold standard
2 Jul, 07:50 PM
German Sterligov, modern Russia's first millionaire, is spearheading an effort to use gold to avoid the current instability of the world economic system.
Russia’s Avtovas reports $796 million loss
2 Jul, 02:30 PM
Russian car maker Avtovas has reported a net loss of 24.7 billion rubles ($796 million) in 2008 against a profit of 3.7 billion rubles in 2007.
Belarus harbors naval ambitions
30 Jun, 06:27 PM
Landlocked Belarus’ Transport and Communication Ministry has announced that it wants to develop a merchant navy, to convey the 20 million tons of cargo it currently transports over water.
Russian bishop warns employers that wages arrears threaten their souls
30 Jun, 04:24 PM
Another Russian Orthodox Church leader has spoken out against the growing problem of unpaid debts. This time, the leading cleric in Russia's Kuzbass mining region spoke about unpaid wages. Earlier this month, the Church agreed to help cut down on alimony nonpayment.
General Motors halts production at Russian plant due to low demand
30 Jun, 02:58 PM
Troubled US automaker General Motors Corp said Monday it will halt car production at its Russian plant in St Petersburg for two months due to low demand.
Alfa Group halts talks with Telenor - report
30 Jun, 01:26 PM
Russia's Alfa Group, locked in a five-year boardroom war with Norwegian telecoms group Telenor, has halted talks over a potential merger of the companies' Russian and Ukrainian assets, an Alfa official said.
Russia and Azerbaijan sign major gas agreement
30 Jun, 11:05 PM
Russia has signed a deal for gas supplies from Afghanistan, making direct shipment of gas from the ex-Soviet state to Europe impossible.


















