Arcelor Mittal, the world’s largest steel company, announced it is ready to acquire three Russian coal pits from Severstal for $720 million.

A new 27-storey business centre with a media facade capable of broadcasting video images will soon be built in Moscow.

The Russian department of Ferrero will build its first factory in Russia to produce confectionary products under the well-known brand.

PSA Peugeot Citroen and the authorities of the Kaluga Region have signed an agreement on construction of a car-making plant under the city.

Novolipetsk Steel, one of the world’s largest steel producers, is going to acquire Novexco Limited based in Cyprus and Novex Trading (Swiss) for ?77 million from United Steel Group.

Gazprom and OMV AG have signed a cooperation agreement, OMV AG said. According to the document, a 50% stake in the Central European Gas Hub GmbH (CEGH) at Baumgarten, now totally owned by OMV AG, passes to the Russian gas monopolist.

In 2007 the Internet surfers made 66.2 billion search requests, 566 million of which fell to Russian Yandex.

About 15 stores will be reportedly opened in the RF, as an attempt to build the business in a foreign country in view of falling consumption in the USA.

Quick, a Belgian fast-food restaurant, performing as a competitor to McDonald’s, plans to open its first four cafes in Russia by April 2008 and about one hundred during the next 5 years.

Recently a new research on world dwelling prices in the luxury segment has been conducted by Global Property Guide. London maintains the top position with $24 thousand for 1 square meter.