By 2025 the vast majority of Eastern European and former Soviet countries will have the oldest population in the world, which will jeopardize the economic system of the region.

Yesterday BSH Bosch und Siemens Hausgeräte GmbH, one of the European top manufacturers of home appliances, opened a refrigeration appliance plant under St. Petersburg.

Russians don’t like paying taxes – that is true, and for over 10 years they haven’t filed an income-tax return, especially if had additional sources of revenue like a lease of an apartment. Soon they will have to pay taxes for it, but only in case their neighbors inform the tax service about illegal lease and new people living next door.

Russia has proposed a new organization to coordinate world grain trade should be created, the Russian Minister of Agriculture said Wednesday. The new organization has already been called Grain OPEC, as their structures have much in common.

Russia may abolish 5% duties on ready-made mobile phones. However, it doesn’t mean that prices on mobile phones at the retail market will automatically go down.

A new bill binding all able to work citizens on welfare to do public works has been introduced to the State Duma. The bill implies severe cut of periods of welfare payments to the people, who refuse to do this.

Russian oil companies are not eager to invest funds in associated gas processing technologies, but they may be pushed to do it by the government going to make gas disposition a compulsory condition of license agreements.

Russian aircraft MiG constructor intends to export 350 upgraded MiG 29 fighters with the total value of 10-12 billion US dollars by 2020.

Starting 18 June Russia imposes temporary limits on supplies from the Belgian and Danish meat processing plants along with Icelandic and Korean fish plants due to 60 tons of harmful products have been identified recently.

Gazprom may be forced out of the Nord Stream gas pipeline project, said Neelie Kroes, the European Commissioner for Competition.