Tagged: Business/Economics

Russia bails out Iceland.  Media reacts in horror.

Russia bails out Iceland. Media reacts in horror.

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...

Baltika beer in Britain

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...

Gazprom’s private army

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...

Allofmp3 dies, and is reborn

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....

Mosnews – RIP

Mosnews – RIP

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 Last month I reported that the Mosnews website was no longer being updated with new stories.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 Amazon) gets $18m venture capital

Ozon.ru (Russia’s Amazon) gets $18m venture capital

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...

Aeroflot bid for Italian airline

Aeroflot bid for Italian airline

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...

PricewaterhouseCoopers investigated by Russian police

PricewaterhouseCoopers investigated by Russian police

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)...

Google struggles in Russian internet market

Google struggles in Russian internet market

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...

Russia’s Godfathers

Russia’s Godfathers

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...