Bank VTB has become the first Russian bank licensed to open a subsidiary in China.

Russian oil companies Gazprom Neft and Lukoil formed a joint venture, the official press release of the companies says.

Mitsubishi Motors is going to build a new plant in the Russian Federation. The construction site is located in the Kaluga Region, which earlier attracted another foreign car-manufacturer, Peogeot Citroen.

Since 26 December new 300х250 banners advertising a special promotion action by Megafon, one of the Russian biggest mobile network operators, appeared on Yahoo! pages.

Gazprom has offered to pay ?1 billion for a bundle of Serbian oil&gas assets including 51% of the State-ruled oil company NIS, 50% of the South Stream gas pipeline segment crossing the territory of Serbia and a part of the underground natural gas storage Banatski Dvor.

VSMPO Avisma, the world’s largest titanium manufacturer, received a $1.25 billion contract from Boeing Corporation to supply titanium forgings in 2011-2015.

Russian Bank VTB seems prepared to begin building residences in the Hammersmith, London. The amount of investments in the project will approximately make up 130 million pounds ($260 million).

Iranian authorities and Russian United Aircraft Corporation are now holding talks on sale of a license to produce medium range Tu 204-100 and regional Tu 334.

Over a half of Russian entrepreneurs are ascertained that all “big Russian bucks” were acquired by reprehensible means. Only 21% of businessmen and 6% of Russian citizens don’t maintain this position.

Russia plans to create a national Cyrillic domain in 2008. The names of sites in the new Internet zone will be written only in the Russian Language, which promises to make surfing the Internet more convenient for Russian users.