Russian companies are welcome to do business in Iraq on equal terms with other foreign firms. Thus, Russia’s writing off Iraqi debts doesn’t secure business privileges for Russian firms.

Top managers from Renault Company are coming to Russia to revive the national car industry. These are the people, who pulled Japanese Nissan out the tailspin in the late 1990s.

The leading watch companies have tried to make the ideal Russian billionaire’s watch for over 15 years. However, the modern consumers of luxurious items are more particular about watches than they used to be in the 1990s.

Rostik’s-KFC, the joint venture set up by Kentucky Fried Chicken and Rostik Group, plans to invest $40 million in 80 fast-food restaurants in Russia and the CIS countries.

Russian senator has suggested that all internet publications visited by over 1000 people per day must be registered as Mass Media.

The Russian plant of Ford located under St. Petersburg will start manufacturing Ford Mondeo cars in September 2008. The company plans to produce up to 25 thousand Ford Mondeos in 2009.

Ukraine’s debt for one month of supplies is about $500 million, while the gross overdue debt the country owes for gas has reached $1.5 billion.

The Russian authorities plan to invite bids for at least two long-expected tenders on development of giant mineral deposits located in the east of the country.

The oil production rates at the Sakhalin I project operated by Exxon Mobile will evidently reduce by 25% due to the field depletion.

Development Company Limitless, a business unit of Dubai World, intends to build a town for 12-14 thousand people under Moscow.