12:46 Lenta Turns to Regions
Retail chain Lenta plans to invest about $60 million to $65 million into the building of a distribution center and several shops in the Leningrad Oblast.

12:22 Heinz Buys Petrosoyuz?
City food producer Petrosoyuz may be in line for a buy-out by American conglomerate Heinz.

11:53 Guinness Bets on Russia Beer Boom
Heineken has signed an agreement with Guinness parent company Diageo to make and distribute the stout in Russia.