President Vladimir Putin said Monday he hoped that car-making plants in Russia of U.S.-based General Motors and Germany's Volkswagen would be a success.
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Prior to the EU-Russia summit in Sochi, the European Round Table of Industrialists issued a new report demanding closer economic cooperation between the Union and its largest neighbour.
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EU leaders will fly to the Black Sea resort of Sochi on 25-26 May for a crunch summit meeting on strategic long-term ties between the Union and Russia.
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While Georgia and Moldova are seeking a niche for selling their wine products in the European market, Austria is looking for ways to increase wine exports to the Russian market.
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Georgia's top producer of mineral water said it was in talks with several countries in a bid to re-route exports of its famous brand Borzhomi from Russia to Central Asia.
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Trade between Azerbaijan and Germany increased 24% year on year in 2005 to reach $250 million, Azerbaijan's deputy economics minister said Tuesday.
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A delegation from the China Development Bank has visited the Sakhalin Region in Russia's Far East to discuss a cooperation agreement, a local official said Friday.
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The European Bank for Reconstruction and Development said Thursday it had granted Russian cellphone operator MTS (RTS: MTSS) a $112 million loan with maturity of eight years.
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