Business & Finance

25 Percent of Russians Have Sex While Driving

About 25 percent of Russians have had sex while driving, a poll released by KRC Research and Goodyear revealed. And this is just one of the things that make them the worst drivers in Europe.

Popularity: 25% [?]

May 11, 2007

VTB, Russia’s Second-Biggest Bank Raises $8 Billion in IPO

VTB Group, Russia’s second-biggest bank, raised $8 billion in the world’s largest initial public offering this year, as investors seek to benefit from a lending boom in the former Soviet republic, Bloomberg reported on May 11.

Popularity: 2% [?]

Russian Billionaire to Invest $1.54 bln in Chrysler-bidder

Russian Machines, a unit of industrial holding Basic Element, owned by russian billionaire Oleg Deripaska, would indirectly acquire 20 million shares of auto parts supplier Magna International, raising speculation that the company is generating cash for a bid to buy Chrysler Group.

Popularity: 3% [?]

Russian Aluminium Tycoon Buys Into Austrian Construction Company for 1.2Bln Euros

Aluminum mogul Oleg Deripaska will buy a 30 percent stake in Austrian builder Strabag for 1.2 billion euros ($1.6 billion), boosting the clout of Europe’s fifth-largest builder in Russia.

Popularity: 5% [?]

April 27, 2007

Russian Brokerage House Distributes $20M Between Staff Members to Celebrate Success

The president and main owner of Russia’s premier brokerage house Troika Dialog Ruben Vardanyan will keep his 2004 promise to pay $10 million to company’s staff once its value exceeds $1 billion.

Popularity: 1% [?]

April 25, 2007

Sergei Mavrodi, Pioneer Russian Pyramid Fraudster Convicted

A Moscow court has found Sergei Mavrodi, founder of a multi-million-dollar investment scheme, involving at least 2 million people in the 1990s, guilty of massive fraud.

Popularity: 1% [?]

April 24, 2007

Two Russian Officials Sentenced to Prison For Taking Million-Dollar Bribe

A local court sentenced two top Russian officials, from the Ministry of Finance and the Central Bank, to eight to ten years in prison for accepting a million dollar bribe, Russian news agencies reported

Popularity: 2% [?]

British Businessmen Worried by Growing Russian Investment in UK

Results of opinion poll published in Britain on Monday, April 23, show that British businessmen are very wary of their Russian counterparts and are worried about the growth of Russian investment in the UK. Poll results were published by the Financial Times.

Popularity: 2% [?]

Czech Police Detain Wanted Russian Banker

Czech police have detained internationally wanted Russian banker Ilya Stashevski in the refugee centre in Vysni Lhoty, local judge Cestmir Duda told CTK Czech News Agency today.

Popularity: 2% [?]

April 20, 2007

Russia to Build World’s Longest Underwater Tunnel to Alaska

Official from the Russian Economy Ministry told reporters on Wednesday, April 18, that Russia plans to build the world’s longest tunnel, a transport and pipeline link under the Bering Strait to Alaska, as part of a $65 billion project to supply the U.S. with oil, natural gas and electricity from Siberia.

Popularity: 7% [?]

April 19, 2007