Oriflame, a world-known beauty company, is set to start a new manufacturing facility in 2013 under Moscow, Russia.

Russian Railways gained an official status of the General partner of the XXII Winter Olympics and XI Paralympics, which will be held in 2014 in Sochi.

Russia is launching first NPP project open to foreign investors – the Baltic nuclear power plant in the Kaliningrad Region.

A new gas company may appear in Russia in case Sibneftegaz, Purgaz and Nortgaz unite.

Russian car maker Kamaz is ready to open a truck manufacturing facility at the Russian-Indian joint venture Kamaz Vektra Motors Limited on 25 of February.

The head of the Moscow Duma Health Commission suggested that alcohol sales should be curtailed.

When implemented, the alliamce is due to become the second largest player on the Russian passenger car market after AvtoVaz.

Toyota's branch in Russia has announced the recall of 160 000 cars due to possible gas pedal problem.

Gazprombank, one of Russia's largest banks, may come out with an initial public offer at the London Stock Exchange.

Citroen has increased its share of the Russian car market by 0.5% - seems little but actually the car maker doubled its share of the market over a year from 0.4% to 0.9%.