When I heard the news earlier today that Russia is about to loan Iceland $5.4 billion (the equivalent of 1/3 of Iceland’s GDP) to bail out the financially crippled country’s ailing banks, I thought...
It looks like Baltika Beer are expanding into the British market in a big way, and it looks like conquering London is just the first phase of Baltika’s ambitious plans. Not only did I...
The Russian Duma has today voted in favour of allowing Gazprom to form its own private army. Reuters reports: A law backed by 341 lawmakers in the 450-seat State Duma lower house of parliament...
The Russian government has finally bitten the bullet, decided it wants to be in the World Trade Organisation more than it wants to be seen as a haven of music piracy, and closed Allofmp3.com....
Update, April 2009: After an almost two year break, Mosnews has returned from the dead. Last month I reported that the Mosnews website was no longer being updated with new stories. Sadly, it looks...
Ozon.ru, Russia’s largest online bookstore, has received $18 million in venture capital funding from Cisco systems and German firm Index Ventures. The money will go primarily on expanding Ozon’s logistical infrastructure, by allowing them...
In a surprise move, Aeroflot have made a bid for the Italian flag carrier Alitalia: Aeroflot joined with the largest Italian bank, UniCredit, on Monday to bid for most of the 49 percent stake...
The Moscow offices of PricewaterhouseCoopers, the largest of the Big Four global accounting firms, were searched by Russian tax police yesterday. PwC are accused of failing to pay 243 million rubles (about $9.3 million)...
Despite being founded by a Russian, Google is only the eighth largets search engine in Russia: Leading the pack was Yandex, a privately held Russian search engine that was visited by 64 percent of...
If you live in the UK, you might want to check out Russian Godfathers, which will air on BBC2 this Thursday. Basically it looks like it will be a 50 minute roundup of who’s...
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