The MDM Bank co-owner Igor Kim has bought his subsidiary bank LTB in Latvia. This deal may be followed by Kim’s withdrawal from MDM capital

The co-owner of Vyatka bank and an ex-top manager of Binbank, Grigory Guselnikov has bought the Rolex flagship store in London. The property in Knightsbridge district cost him £12.5m.

Over $10 billion contracts were signed on International Aviation and Space salon MAKS 2011. It is a record sum in comparison with previous years.

The famous Arkhangelskoye estate may be sold out. The land, which used to be owned by the Ministry of Defense and then given to the museum on the Right of the Perpetual Use in mid 90es, is put out to tender. Now the Russia’s historic heritage may become a private property.

The State company Russian Railways is to invest 193 billion Rubles (6,440 mln $) into development of the Trans-Siberian Railway in 2011-2015.

Sukhoi Civil Aircraft has signed an agreement on intention on supplying 10 Sukhoi Business Jet in VIP configuration with an Indian leasing company Aviotech at International Aviation and Space salon MAKS 2011.

Russia has claimed about its plans to create a unique space hotel on the Earth orbit. It may host seven people in four cabins. The guests may enjoy the Earth views from the hotel.

Venezuela plans to transfer billions of dollars in cash reserves from European and U.S. banks to banks in Russia, China and Brazil.

International Aviation and Space salon MAKS 2011 has been opened in Zhukovsky today. Over two hundred new Russian and foreign air jets will be presented there.

From 2012 Belarus is to buy Russian gas at a reduced gas pricing formula.