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After the central Bank’s 11th consecutive refinancing rate cut which way is Russia’s economy headed?

India and Russia link up to boost trade Like tea and biscuits, different but complimentary. Russia and India stand at the heart of the BRICs, the emerging markets that investors love to love.

Russian cash for cars programme roars out of the blocks This week saw the start of Russia’s cash for cars programme, aimed at boosting local carmakers and offering car owners the chance to upgrade cheaply.

Russia to bridge budget deficit with bond issue Russia's budget deficit in January and February reached $6.6 billion, according to the Finance Ministry. The government hopes to limit the annual deficit to about 7% in 2010 and fill the gap between income and spending.

Russia needs Indian investment Uralsib Chief Strategist, Chris Weafer, believes that India could provide Russia with much needed investment.

Russia – India PM’s talk on boosting private slice of trade pie Prime Minister Putin’s New Delhi visit comes as Russia and India are looking to double bilateral trade, and boost the private sector's role in it.

Avtovaz approves long-term business plan Russian car giant, Avtovaz, unveiled its plan to invest $3 billion Euro over the next decade to upgrade production and modernization, reports Vedomosti daily.

Eni chief calls for South Stream and Nabucco to link up South Stream and Nabucco, the two major southern European pipeline projects, linking the Caspian region with Europe, should join forces according to Paolo Scaroni, head of Italian energy company, Eni.

Russian economic rebound enters soft patch Rising unemployment and weak business activity means Russia's economic recovery is running out of steam, with forecasts being pared back as economists wait for signs of traction.

Megafon posts FY 2009 Net Income of 45.3 billion Roubles Russian mobile phone giant, Megafon, has posted a FY 2009 Net Income of 45.3 billion Roubles under US GAAP.

Gazprom Neft posts 4Q 2009 net profit of $638 mln Gazprom’s oil production arm, Gazprom Neft, has posted a 4Q 2009 net profit of $638 million under US GAAP.

Russian casino finds neutral ground A cruise ship has begun selling tickets in Russia for regular trips from St. Petersburg to Helsinki that will allow the company to get around Russians laws banning gambling on most of its territory.

Car sales slump rolls through into 2010 Russian car sales have continued to fall sharply over the first 2 months of 2010 according to statistics from the Automakers Committee at the Association of European Businesses

Alfa-Bank reveals names of largest borrowers In an anticipation of an upcoming Eurobond issue, Alfa-Bank has disclosed the names of 10 of its largest borrowers who account for nearly a third of the banks loan portfolio, according to Kommersant.

Nissan to build Murano in Russia in 2011 Japananese automaker, Nissan, has announced that it will start building its sport utitlity vehicle Murano model in Russia beginning in 2011.

Customs Union eyes single currency Since the launch of the customs union with Belarus and Kazakhstan, Russia has toyed with the idea of taking the common market one step further - with a single currency.

Sberbank mooted as buyer of 20% stake in Garanti Bank Sberbank is not commenting on Reuters report suggesting it is preparing to bid for a 20.85% stake in turkey’s Garanti bank.

Severstal posts FY 2009 net loss of $1.037 billion Russian steel and mining company, Severstal, has posted a FY 2009 net loss of $1.037 under IFRS.

Crude search pushes new scientific frontiers As global oil reserves decline, crude extraction has become a more challenging task - prompting companies to spend more on research.

Taxes take the gloss off domestic printers Russia's magazine industry has been hit by the economic crisis – but also by tariffs and regulation. Many publishing houses not only buy paper abroad, but even print magazines overseas.

KHL: that baby sure can run Life's such a funny picture You ask - Russian FM answers Oh, that charming Sophie and her questions.

More women rise to corporate peaks More and more women are taking senior-level positions in Russian business - according to a survey by PWC and the Russian Managers Association in the run up to International Women’s Day.

Ukrainian President’s Moscow trip brings gas to fore again Newly elected Ukrainian President, Viktor Yanukovich, has made Moscow his first state visit, with the hotly disputed price for gas a key item on the agenda.

Move from rouble mooted for economic union First Deputy Prime Minister Igor Shuvalov has suggested that that a currency union between Russia, Kazakhstan and Belarus would be "the next logical step."

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Women’s day puts lining on cosmetics sector rebound The approach of March 8 - Women's Day in Russia – puts the focus on women’s gifts with flowers, candy and cosmetics popular, as the business of adding to the beauty of Russian women hots up.

Mortgages stimulate real estate sales boost February 2010 saw an increase in the number of real estate deals in Moscow according to official data, with Kommersant reporting the market is being fuelled by an increase in mortgages.

New retail law comes into effect in Russia This week has seen a new trade law come into force. It regulates retailers and suppliers in an attempt to make their relationship more transparent and prices lower. Insiders say the effect may be the opposite.

Avtovaz to slash prices on low cost models Avtovaz will slash prices for late model Lada 2105s and Lada Kalinas according to a Vedomosti report referring to Igor Burenkov, director of external relations at Avtovaz.

New car strategy agreed as Prokhorov jumps the lights on hybrids Investment into Russia's car industry may top $40 billion in the upcoming ten years, after the Russian government has given the go-ahead to the country's car strategy on Thursday.

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Top Russian companies

Russia grab Paralympics medal count lead

Defending champions Rubin have started the new Premier League season with a win

Technical problems deny Petrov Bahrain finish

Jordan’s King talks arms and peace in Moscow

Putin talks business in New Delhi

Moscow hits back at US human rights accusations

India and Russia link up to boost trade

Russian cash for cars programme roars out of the blocks

Russia to bridge budget deficit with bond issue

Russia needs Indian investment

Russia – India PM’s talk on boosting private slice of trade pie

Avtovaz approves long-term business plan

Eni chief calls for South Stream and Nabucco to link up

High prices get on expats’ nerves

Grim side of life in hot spots on show in Moscow

Historama, March 12

Russia grab Paralympics medal count lead

Defending champions Rubin have started the new Premier League season with a win

Technical problems deny Petrov Bahrain finish

Historama, March 12

Star on course to meet Solar system identified

Space crew being put through their paces