Siemens AG has reached agreement on the transfer of the license for the production, sale and servicing of the gas turbine installations SGT5-2000E with capacity of 165 megawatts to Russia's power engineering equipment giant Power Machines (RTS: SILM), the Russian

The capitalization of the Russian stock market, based on Russian Trading System trading, increases 0.18%, or by $2.065 billion from the previous session, to $1146.497 billion on Monday. The leaders in market value were Gazprom (RTS: GAZP), with $269.615 billion,

Trade between Russia and China is expected to reach $35bn by the year-end, Russian Prime Minister Mikhail Fradkov said during a meeting with China's Finance Minister Renqing Jin in Moscow. He pointed out that there was great investment potential for

The real number of mobile communication service subscribers grew 7.1 percent to 77.8m people in Russia in the first six months of 2007, Euroset's Vice President Vladimir Bogdanov said, citing the company's research data. The subscriber base stood at 160m

Rosneft and Aeroflot - Russian Airlines have signed a general strategic partnership and cooperation agreement, the companies announced in a joint press release. The document states that the deal was concluded on a mutually beneficial long-term basis with the aim

Ryazan region Governor Georgy Shpak and Guardian Glass Ryazan director Yanos Egud signed an investment agreement on the construction of a plant in the region that will produce float glass, an official from the regional government's press service told Interfax.

Russian GDP and industrial production could grow at least 7% this year, Deputy Prime Minister Alexander Zhukov, said at a national business forum in Moscow. "GDP growth will be at least 7% and industrial production will grow approximately as much,"

As of June 1, 2007, Russia's grain reserves amounted to 11.08 million tonnes, a 10.7% drop as compared with the same period of 2006, when the figure stood at 12.4 million tonnes. According to Rosstat, the grain reserves of agricultural

The Russian automobile market grew 51% in money terms and 28% in volume in the first half of 2007 compared with the same period last year. The Russian automobile market stood at $20.6 billion in the first half of 20076

The Russian holding company Interros will invest $1.5 billion in sports and recreational facilities in Sochi and Krasnaya Polyana, Interros President Vladimir Potanin said commenting on Sochi's win in the race to host the XXII Olympic Winter Games. The volume

The average cost of a minimum set of foodstuffs in Russia in June increased by 4.8 percent, and as of the first half of 2007- by 13.1 percent. In late June, it amounted to 1,666.3 roubles per month, the Russian

Russia's inflation amounted to 1 percent in June 2007, the Russian Federal State Statistics Service (Rosstat) reported. Therefore, inflation stood at 5.7 percent in January-June 2007. According to the service's data, consumer prices grew 2 percent or more in six

Magnitogorsk Iron & Steel Works (MMK) (RTS: MAGN) and truck maker Kamaz (RTS: KMAZ) signed a strategic partnership agreement on Thursday. "The agreement calls for constant and long-term trade relations with all Kamaz enterprises, including priority orders and other forms