russia

Mail.ru Group and DST, controlled by Yury Milner, made $2.5 billion on the Facebook IPO. They still hold $4.6 billion worth of shares in the social network

Partial solar eclipse in Vladivostok

"Let's bike it" bicycle parade was held in central Moscow on 20th of May 2012 to popularize cycling in Russia.

Microsoft plans to invest tens of millions of dollars in research and development program in Russia

The G8 summit indicated that Moscow and the West will work together to resolve global problems

In the wake of a legislative attack on the LGBT community in a number of Russian cities, “The Human Library,” an innovative project designed to promote dialogue, reduce prejudices and encourage understanding, opened its doors in Moscow

Andrei Sviridenko taught modern telephones to transmit voice and show video; now he is focusing his attention on cell phone operators hoping to offset losses from the shift of traffic toward free providers

Russia’s efforts to diversify the economy must focus on creating demand for modernization at home rather than only exporting products abroad.

Yet another copycat project has come out of the internet incubator Fast Lane Ventures in Moscow. This time it’s a clone of Eventbrite called Eventmag. Funded by ru-Net and Fast Lane, Eventmag aims to help the Russian event organizers to sell tickets online. The two investors agreed to put several million dollars into the venture. ru-Net [...]

Special guest of the Reconstruction Fashion Exhibition opening was PETER JENSEN, a Danish born, London-based designer who presented this latest "THELMA" A/W 2012-13 collection at the opening ceremony.

During the annual Night at the Museum event, locals and tourists alike had the opportunity to attend a number of exhibitions and performances in some of the Russian capital’s most beautiful and interesting spaces

Barque "Sedov" leaves on its first round the world voyage from St. Petersburg

President Vladimir Putin replaced the unpopular education and health ministers, renewed most of the economic bloc, formed two new offices and split one ministry in the new Cabinet

Vladimir Sorokin’s “Ice Trilogy” is an extravagant and ambitious work, but not without its pretensions

Each week, Voice of Russia hosts Red Line, a discussion about global events as seen from Moscow.

By Andrei Skvarsky.

Renaissance Capital argues that this month’s 7.2% decline of the Russian ruble versus the dollar is not much to worry about.

Various currencies have been going down against the dollar, and the ruble has been doing better than, for example, the Polish zloty, the Hungarian forint or the Czech koruna, which have slid versus the dollar by 9.6%, 9.7% and 7.4% respectively since the start of May, Milena Ivanova-Venturini, deputy head of equity research at the Moscow-based investment firm, points out.

Nor does RenCap expect the weaker ruble to fuel inflation as “the global shock is deflationary by nature”, Ivanova-Venturini says. And, besides, the Russian consumer is more mature and no longer reacts to the ruble’s weakening by “running to the bank” to convert rubles into foreign currency deposits.

The weaker ruble is likely to benefit resource companies, among them Rosneft, Lukoil, Uralkali, Phosagro and Rusal, according to Ivanova-Venturini.

Russia’s efforts to diversify the economy must focus on creating demand for modernization at home rather than only exporting products abroad

Russia has seen a renewed interest in regional elections as voters look to change the system from the bottom up

The Russian consumer electronics and computer online retailer Ulmart, which was not included in top 30 Russian internet companies, has raised $70 million from the founders of Lenta supermarket chain, reported newspaper Vedomosti. That investment could increase by another $30 million to $50 million in 2012, depending on financial performance. Ulmart generated revenues of 14 billion Roubles [...]

Russia trounced Slovakia 6-2 in Sunday's final to win the world hockey championships title for the fourth time in the modern era and the first time since 2009