What will Sochi's Olympic Legacy look like?

Feb 12th, 2014 | By | Category: Asides

In the run-up to the Games, here the 2014 Sochi Winter Olympics caused a stir for all the wrong reasons. International journalists were quick to criticise the country for its rushed attempts at preparing for the event, page sharing images of unfinished hotels and conference rooms and criticising the “shambles” around the site. President Vladimir [...]

Navalny jailed for embezzlement

Jul 19th, 2013 | By | Category: Asides

Alexei Navalny, illness leader of the opposition against President Vladimir Putin's United Russia Party, has been sentenced to five years in jail on the charge of embezzlement. The charge was brought on claims that Navalny headed a group that embezzled timber worth 16 million roubles (around £330,000) from the state timber company, Kirovles, in his [...]

Rolls-Royce expects Wraith model to boost sales in Russia

Jun 12th, 2013 | By | Category: Asides

The debate surrounding the introduction of the high-end car tax in Russia has got luxury car manufacturers worried. But Rolls-Royce is confident that its new Wraith model will maintain interest in its brand. Lawmakers in Russia are currently trying to raise the tax on cars costing more than five million roubles. Preliminary approval was given [...]

Russians top fastest growing luxury hotel consumers

Jun 6th, 2013 | By | Category: Asides

Russians have been dubbed the fastest growing group of luxury hospitality consumers, information pills with demand rising by 12.8 per cent. The Digital Luxury Group released the statistics, which found that growth in demand from Russians outpaced the other high-growth countries. Britons showed a 8.4 per cent increase in demand, while Chinese demand was up [...]

Russian gold producer attracts 32m rouble investment

May 16th, 2013 | By | Category: Asides

Russia's largest gold producer, this web Polyus, rx has attracted a 32 million rouble investment, it has been confirmed. The company has announced that the investment, worth the equivalent of around $1 billion, is to play an important role in helping double the firm's gold production by 2018. However, it has refused to disclose the [...]

Russia a key buyer of British luxury items

May 8th, 2013 | By | Category: Asides

Russia has become one of a number of key markets to have helped the British luxury market to healthy levels of growth over the past few years. According to the latest data from Walpole British Luxury, more about the organisation representing the UK luxury industry, the sector is set to grow by 12 per cent [...]

Russia maintains interest in luxury property

Apr 24th, 2013 | By | Category: Asides

While the lower rungs of the property market remain shaky, medications research has found that the top end of the sector is still showing strong performances. Data from analysis conducted by, more about the largest online source of high-end properties, has found that interest in buying property valued at €1million or above has increased [...]

Russian commercial real estate investment hits record highs

Apr 17th, 2013 | By | Category: Asides

Investment in the Russian commercial real estate market reached a record high of $2.4 billion in the first quarter of 2013. This figure, order nearly 25 times the size of investment over the first three months of 2012, no rx also stands at three times the size of the previous investment record set in 2006. [...]

Russian Fashion Week comes of age

Apr 3rd, 2013 | By | Category: Asides

Russia's fashion scene has had a somewhat overly defined past, viagra order shifting a little too quickly from the bare 'designs' of its Soviet past straight into overt luxury, site bypassing style on the way. All that is finally starting to change and the atmosphere at the latest Moscow Fashion Week has even been compared [...]

Russia approves luxury car tax

Apr 2nd, 2013 | By | Category: Asides

The Russian government's lawmaking commission has approved the introduction of an extra tax on luxury cars. Vedomosti business daily reported that the tax code amendments will result in an extra tax being imposed on cars worth more than 5 million roubles. A double rate of tax will be imposed on vehicles that are less than [...]