The Russian Statistics Service announced positive figures for most of the industries, with an overall production growth at 6.9% on year in June, the highest growth since November, 2004 (12.5%)

The recent remarks from Ernst&Young could undermine Russia’s appeal for foreign investors

New increase in pay has been promised to public workers from September 1, 2005 by Mr Zurabov, healthcare and social development minister

Only 9.1% of Russians have access to Internet, with most of users in Moscow and other cities

Petrol prices may skyrocket again as the government makes it $140 for each tonne of crude oil exported.

Again Russia-IC features a run-down of the Russian shares market.

The Hermitage presents its Russian Empire style collection in new exposition halls of the Genshtab in St.-Petersburg

Volkswagen Passat arrived in Russia with a new line of highly comfortable models – Trendline ($24.815), Comfortline ($29.490) and Highline ($31.740)

Gloomy times are in store for Russian economy in the next couple of years, experts say, overshadowed by volatile inflation rate and slower GDP growth, meagre investment and ramshackle infrastructure

Experts covered by an RBC daily survey indicate that appropriations for science are divided in the unbalanced way where R&D institutions...