Rosneft and State Oil Company of the Republic of Azerbaijan signed a cooperation agreement in the Azeri capital, Baku.

Transaero, one of Russia's biggest airlines, posted impressive 1H 2013 financial highlights, says RBC daily.

The campaign to drive out illegal migrants could have an impact on the national economy, experts say.

Obolon, one of Ukraine's major producers of beer and soft drinks, has put its supplies on hold after the Russian customs reportedly blocked its exports on the border.

The Kremlin is putting its bet on a new road around Moscow, an ambitious project worth billions of US dollars which was announced at the St Petersburg Economic Forum earlier in June.

Rostech, a state-run corporation, is planning to announce a deal with Canadian bombardier at the MAKS 2013 aviation show, says Vedomosti.

The French company Bonduelle, a leading manufacture of canned, frozen and fresh vegetables in Europe is to launch a new can production plant in Krasnodar Krai.

Only 70 businessmen have so far been freed from jail in accordance with the so called economic amnesty approved by the Russian parliament earlier this year, says Newsru.com.

Qiwi, a leading provider of payment services in Russia and the CIS, has seen an impressive growth in revenue, stock prices and capitalization as investors are gradually getting an idea of the company's operations, says Vedomosti.

The alliance of three major car producers in Russia - Renault, Nissan and Avtovaz - has seen its share of the Russian market shrink below 30 percent in 1H 2013, despite earlier plans to capture 40 percent of the market by 2016, says Vedomosti.