Karelia-Upofloor Oy, one of Europe’s largest flooring manufacturers, opened a plant to produce parquet flooring blocks in the Kaluga Region, Russia.

Daimler AG has filed an application to the Russian Federal Antimonopoly Service in order to increase its stake in Russia’s largest truck manufacturer Kamaz.

The MAN Group, one of Europe's leading manufacturers of commercial vehicles, engines and mechanical engineering equipment, is set to launch truck production in Russia

Carlsberg, the leader of the Russian beer market, entertains the possibility of closing several factories in Russia if the excise duty on beer is increased by 200% as the Russian Ministry of Finance suggests.

Today Russian Internet Week, Internet 2009, opened in the Exhibition Centre of Moscow. The presentation of the first Cyrillic top-level domain name .РФ is announced to become the focal event of the week.

10-ruble banknotes will no longer be issued starting 2010, the spokesman for the Bank of Russia said today.

Rusal, the world's largest aluminum and alumina producer, plans to apply to sell shares at Euronext, a pan-European stock exchange based in Paris.

Russian gas monopolist and Nigeria-based Oando signed a memorandum of understanding to jointly develop oil and gas fields in the gulf of Guinea.

Renault is set to invest ?240 million in new car models based on Renault platform, the spokesman for AvtoVaz, Russia's largest but now troubled car-maker, said.

Danone, a French food-products company, is launching a low budget line of dairy products aimed to stop slumping sales in Russia.