The Fund Horizon Capital has acquired 4% of the on-line bank ZAO Tinkoff Credit Systems for $ 40 million. So the whole credit organization has been estimated in $ 1 billion.

Russian Internet company Mail.ru Group has claimed about its intention to expand in the international Internet markets, using its new global name my.com

Russian businesses may face a new tax which would be neither an income nor a payroll tax. Rather, it would be paid in advance and would not depend on whether you ultimately win or lose.

Yandex, the leading internet company in Russia, operating the country's most popular search engine and most visited website, today announced its unaudited financial results for the quarter ended September 30, 2012.

The Israeli company Strauss Group, which owns some coffee brands like Black Card (Chernaya Karta) and Platinum, is negotiating on selling its coffee business in Russia.

Russian retailers may get a permission to sell medicines, which do not require a prescription. Selling prescription-free medicines outside chemistries is to increase the competition in the pharmaceutical market and to cut down prices on the medicines.

In the South-East of Finland large stores have claimed they will accept Rubles as payments since December 2012.

New Microsoft operation system Windows 8 has come to Russia. The start of sales was done simultaneously with the whole world on October 26.

The largest Russian airline Aeroflot has confirmed its intention to found a low cost airline in Russia within a year, reports Interfax.

In October Mail.ru Group has sold a part of its shares in the social net Facebook. According to the company’s financial report for the third quarter, its share has reduced from 1.34% to 0.75%.