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. Last Updated: 07/27/2016


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'Productive' Funds Flowing to Russia

Russia rose through the ranks of European countries in which foreign direct investment produced the most jobs and facilities last year, going up to fifth place, an Ernst & Young survey said.

EU Will Review Visa Proposal, But Quick Changes Unlikely

The European Union will "study" a Kremlin proposal on introducing visa-free travel, but no changes to tough border restrictions are planned, a senior diplomat said Wednesday.

Volkswagen Introduces New Russian Budget Car

Volkswagen said it would start taking orders this week for a new budget car for the Russian market. The car's main advantage will be its price, which will make buyers eligible for two government subsidies.

Firm Investigated Over Medvedev-Like Ads

Anti-monopoly officials have opened a probe into an ad campaign that used images resembling President Dmitry Medvedev to hawk garden supplies and construction equipment.

Kimberly-Clark Announces 'Great Ambition' for East Europe

Kimberly-Clark opened its first factory in Russia and Eastern Europe on Wednesday after investing $170 million in what it hopes to be a launchpad for expansion in the region.

Pilots Were Warned in Polish Crash

The Associated Press
Poland has published cockpit conversations of the final minutes before the April plane crash that killed President Lech Kaczynski, revealing the pilots' fatal decision and officials' influence.

Orthodox Taxis Drive a Fine Line

Taxi company Moskovskaya Troika has been doing swift business by seeking a niche market of Orthodox believers. But the company has dealt with complaints that it discriminates against Muslims and other non-Orthodox.

Comstar Triples Q1 Profits

Fixed-line telecoms operator Comstar easily beat forecasts by more than tripling first-quarter profits thanks to higher sales, lower debt costs and a one-off gain.

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