The Federal Service for Supervision of Transport has finished the investigation of the Bulgaria shipwreck which happened on July 10. It confirmed a version that water flowing through open cabin windows in a heavy storm was a direct cause of the Bulgaria's shipwreck. Still negligence and incompetence of ship owners and the crew are among causes.

Employers won’t be obliged to compensate sick leaves. The Social Insurance Fund will take this function instead from 2013.

AvtoVAZ posted a 2 billion ruble ($70 million) net profit to Russian Accounting Standards in the first half of 2011, after a 724 million ruble loss in the same period last year.

Since August 10 paying taxes in Russia will take just some minutes without visiting a bank and filling in a form. Now it could be done due to Internet service QIWI Bank (CJSC) - QIWI Purse.

Russia's RTS stock index dropped 7.8% to 1,657.77 as falling oil prices hit the heavily represented energy sector. MICEX index sank 5.5% today to 1499,8.

The Federal Antimonopoly Agency of Russia is to conduct an enquiry into mobile network charges of Russian operators, following claims that their cost depends on the choice of an alphabet.

The labor book can be abolished in Russia from 2012. The Ministry of Health will prepare the draft bill to introduce changes into the Labor Code of Russia.

793 companies out of 40 counties are to take part at the International Aviation and Space salon MAKS 2011, which will be held at the exhibition site of TEC Russia in Zhukovsky, Moscow region in August 16 – 21, 2011.