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?

Russian officials have discovered Swedish mobile operator Tele2 signal in the Moscow region. The company has no permission to work on this territory. The Federal Service for Supervision in the Sphere of Telecom, Information Technologies and Mass Communications (Roskomnadzor) has already warned Tele2 of a licenses revocation possibility.

A month after beginning the exchange, Russian Yandex has started a project that will cetrainly allow the company to increase the capitalization. The largest Russia's search engine Yandex and its competitor Rambler has signed an ageement. From this month Rambler will use the search engine of Yandex.

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.

Russian Army ex-colonel Yuri Budanov was shot dead this Friday. There were six shots made by unknown person, four of them struck Budanov in the head.

The Ministry of Economic Development has signed four agreements with global automakers to boost country's auto industry. This is the beginning of increase of investments made into country’s economy.

There are a lot of books, documentaries and studies, devoted to Russian mafia. This article shows a European view of this criminal phenomenon, which scares the world.

From this moment any company may share with other companies their electronic documents instead of paper documents using. Web Service Diadoс appeared in Russia, it is used for transmitting documents via Internet.

The Forbes has researched the deal over Moscow's major avenue. Tverskaya street is a profitable place, it's an "eldorado" for retailers. But who owns Tverskaya street?

BP's and Rosneft's deal for $16 billion collapsed. Russian state-owned company is out of the agreement with BP due to the refusal of the Russian shareholders of TNK-BP to sell its stake in the company, at this moment Rosneft is searching for the new partners.

Alexander Izosimov, Chief Executive of Vimpelcom, will quit the company. Under his leadership Vimpelcom grew into a global telecommunication giant, becoming the first global company with Russian roots. Vimpelcom will replace Izosimov with Norwegian chairman Jo Lunder.

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.

Russian authorities are criticizing the owners of Domodedovo airport. The Prosecutor's office claims that the ownership structures at Domodedovo airport may affect the security of the state. The accusations can destroy the company's plan to appear at the exchange as well as to push the airport to join the alliance with Sheremetyevo and Vnukovo state's airports.

It's been a long time since Russia and China couldn't agree on future gas supplies and have already fallen out due to the terms of existing contract for oil supplies. Russian side has accused China of violating the treaty and asks to return 100 million dollars of the debt. Otherwise, Moscow will take the matter to the international court.

Ivan Kaspersky, 20-year-old son of Russian software tycoon Yevgeny Kaspersky has been kidnapped on April, 19. Two days later Russian mass media reported that the teenager had been kidnapped by a group of people who asked his father for a 3 million euros ransom.