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CeBIT opens seeking new image: Let's talk

Chancellor Angela Merkel and Spanish Prime Minister Jose Luis Rodriguez Zapatero opened the annual I

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Vodokanal to Lose Property Tax Exemption

City Hall has decided to cancel tax exemptions for St. Petersburg's water supplier, Vodokanal. Witho

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Palace in City Center Sold Off

The firm Tsertum-Invest, a partner of Tashir and Gazprombank and a co-owner of the Blagoveshchensk V

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Hungary Replaces VEB in Malev

BUDAPEST — Hungary's re-nationalization of Budapest-based airline Malev contravenes rules banning st

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Analysts See Potential In City Investment Trends

The volume of foreign investment in St. Petersburg decreased by 6.8 percent to 5.5 billion last year

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Kuzbass Considers IPO on Recovery in Demand

MOSCOW — Kuzbass Fuel, a Russian producer of coal for power stations, is considering an initial publ

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Deripaska's GAZ Completes Debt Restructuring

MOSCOW — GAZ Group, the Russian carmaker owned by billionaire Oleg Deripaska, "officially completed"

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Foreign Investment Plummets in 2009

MOSCOW — Foreign direct investment fell in 2009 to a fourth of the level of previous years, while au

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Putin Tightens Policy On Mortgages

MOSCOW — Prime Minister Vladimir Putin said Friday that the government would only support mortgages

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Investment in Russian Real Estate Falls Sharply

MOSCOW — The volume of investment in Russia's real estate market dropped dramatically in 2009, broug

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