The tragic shipwreck of Bulgaria on the Volga River that took lives of 125 people was the result of a system where corruption, irresponsibility and indifference to human lives goes one step further with ineffective policy, unable to solve the problems Russia faces today. On the material of the Western media.

The Forbes magazine has made a ranking of countries with bad economies. This is a real revolution: this year a list of ten countries includes three representatives of the Commonwealth of Independent States. Residents of Armenia, Ukraine and Kyrgyzstan will be very surprised to know that their economies can't stand comparison with Swaziland or Nicaragua.

Russian billionaire Viktor Vekselberg doesn't want to be associated with other Russian oligarchs. He keeps aloof from politics and prefers to deal with the creation of Russia's economy and high technologies.

Russian politics and business become more and more interrelated. Russian businessman Mikhail Prokhorov recently headed the party Pravoe Delo. Why Prokhorov decided to become a politician and to head a party?

Viktor Vekselberg, large Russian conglomerate, may invest about 3 billion dollars in a plant redevelopment. The concept involves changing the speciality of Likhachev's plant and rehousing. The plant occupies 275 acres, it is one of the largest places for construction in Moscow.

In his most recent interview to several tabloids Mikhail Khodorkhovsky discusses the opportunities for Russia's development in the new decade and what may prevent the country from achieving the goals.

Top 20 richest people in Russia, according to the Forbes.

Russia's largest Internet search engine Yandex has officially announced about its plans to list shares on Nasdaq in New York. Yandex N.V., the parent company of Yandex, registered in the Netherlands, said it had sent a request to the Commission's Securities and Exchange to list shares on Nasdaq.

Giorgio Armani S.p.A., the investment vehicle of Italian designer Giorgio Armani is going to build spa resorts in the South of Russia. The company will start its first project soon in the Caucasian Mineral Waters, some sites for other resort centers are already seeking by the company in Karachay-Cherkessia region.

A hacker attack hit Russia’s most popular resources. In response to the cyberattacks the authorities were considering blocking some internet services, including Skype and Gmail. But at last it was told Russia won’t ban these sites. So what was the need for this hysteria?

Three crimes were committed in Russian republic of Kabardino-Balkaria. Three tourists were shot by a masked gunmen, then a bomb was detonated by unknown persons on a ski lift and another bomb was found in a car in ski resort village. Till this time terrorists had been attacking only police and security forces, without touching tourists and other people. But their plans changed, causing an outflow of tourists from the region.

Billionaire Rupert Murdoch is going to sell his assets in Russian business. "This is purely me, I’m sorry: the more I read about investments in Russia, the less I like the feel of it. The more successful we’d be, the more vulnerable we’d be to have it stolen from us, so there we sell now", — said Murdoch.

Jack Randall was one of those american managers who believed in a Moscow's eldorado. In his home city in New Jersey a long way to make a good career had been waiting for him. But suddenly he was invited to work in a Moscow bank on a post that would take him about 10 years to reach if he has been workring for it in his home city. There was something more to come — luxury apartments in the centre of Moscow and a Lexus car provided by the employer.

Experts go on discussing political, economical, and financial implications of resignation of Yury Luzhkov and appointment of Sergey Sobyanin to the post of Moscow mayor. Archnadzor – a public movement that consistently supports preservation of historical sites and cultural heritage of Moscow – has its own standpoint.

Experts from the United Nations Organization strongly believe that Russian government should develop and introduce special measures for eliminating poverty in order to achieve so-called Millenium Development Goals

Russian President Dmitry Medvedev on Tuesday, on a state visit to China, abruptly sacked veteran Moscow mayor Yuri Luzhkov after nearly two decades in charge.

Most experts now believe Luzhkov, who is 74, will be forced to retire next summer. But previous predictions of his removal have not come to pass.

A series of vigorous statements by top Russian officials in recent days show Russia placing anti-narcotics in Afghanistan on an equal footing with the worldwide war on terrorism.

Another ugly scandal convulse Russian police. The head of the Directorate for Combating Economic Crimes and three police officers in Siberian Zabaikalsky Territory are suspected of taking bribes worth more than $450,000.

It's the August 31, less than a quarter of an hour to the planned march of the "Strategy 31" opposition movement in the centre of Moscow. The mayor's office and city government are planning to treat the rally as a provocation.