Common mistakes when setting up small businesses.

Many businessmen make common mistakes very often when it deals with own business management. The often mistake in this question is excessive spending. Such a mistake arises when enough means are collected. Every wise businessman understands that providing of stable business network requires a lot of money because total expanses while starting a business may be quite impressive. Read more.

Visa releases 80 million of cards in Russia.

Visa says that Russian banks have released about 80 million of Visa cards at the end of 2010 and payment volumes reaches 28.2 billion of dollars approximately The leading payment system has also announced about own intentions to develop further non-cash payments in Russia  Read more.

RIM and Microsoft have agreed about mutual partnership.

Microsoft and Research in Motion company have signed a partnership agreement, reports Bing Search Blog. This agreement means that Microsoft search engine known as Bing and Bing Maps (online map service) will become a part of the BlackBerry operating system. First BlackBerry devices with pre-installed applications and Bing Bing Maps will be available in the summer of 2011. Playbook tablets will include such options also. Read more.

BP and Rosneft have refused an idea of joint exploration of the Arctic shelf.

BP and Rosneft have refused a joint exploration of the Arctic shelf according to the official press release. As it is explained in the British concern the deadline has expired on May 16th and both parties have failed to reach an agreement. This is the reason why there are no negotiations with Rosneft now. "Since the stipulated conditions under Rosneft agreements (January 14, 2011) aren't fulfilled the arrangements have become terminated," - announces BP press release. At the same time the British company points out that BP "remains committed to operating in Russia and constructive working with the AAR consortium under TNK-BP terms and good relations with Rosneft. Read more.

Uzbekistan intends to sell a dairy plant "Wimm-Bill-Dann Tashkent" to foreign investors.

It has been announced by Shavkat Tulyaganov the deputy minister of Foreign Economic Relations, Investments and Trade of Uzbekistan according to reports of Trend. "We are looking for foreign investors and we are going to attract only a brand one", - says S. Tulyaganov. According to his words biddings for investor attraction may be declared only after the State Property Committee of the Republic assesses its investment potential. "While this procedure is in progress, you should know that the company is very large and it is very important to our economy," - notes the deputy minister. Read more.

The Chinese failed to buy a large share in Saab.

Chinese concern Hawtai Motor Group has concluded an investment agreement with unprofitable Saab last week later this idea has been abandoned by force.Because Chinese side has failed to gather all necessary permits and documentation from local authorities. As a result, the agreement has been terminated in accordance to today's announcement from the Swedish owner Spyker Cars. Read more.

Moscow authorities dissolve investment contracts with "Inteko".

Moscow authorities have begun to cancel contracts with "Inteko" company (owning by the ex mayor's wife - Helen Baturina) concerning houses building. The decision has been taken due to "the low possibility of further investment project implementation because of legal relation lack". The investment contracts will be terminated by agreement of the parties or with the help of courts. Investment contracts of Inteko company dates back in 2004 but completion dates are continuously postponed. Read more.

The federal budget of Russia has undertaken regional risks of the North Caucasus

If your company is registered in the Northern Caucasus, and if you plan to invest in this region, feel free to take credit. The government would pay you for it all in any case. The government has announced the state guarantee parameters on loans. Experts' opinions differ: some of them believe that this measure will raise the region, while others see it as a "more sophisticated" corruption scheme. Read more.

Toll road in Russia will be built on extra-budgetary means.

It is expected to attract about 60 billion of rubles for main section building of the express toll road M-11 Moscow - St. Petersburg in the 15-58 km area with joint to Moscow ring road from M1 "Belarus" (bypass Odintsovo town). It has been announced by Sergei Kostin the chairman of state-owned Avtodor during the international forum of "Transport Infrastructure in Russia is an innovative way of development". He has also mentioned that investment means will arrive in 2011-2013. Read more.

The Taiwan company HTC is going to invest $40 million in development of a mobile games

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Famous phones and smart phones manufacturer will also get OnLive share holding for a total sum of $5.3 million having paid $7.5 for an action. The investor is interesting in creation of a program platform for promotion of a game content on mobile HTC-devices. Let's remind that OnLive promotes a system that allows playing modern games on budgetary PC models and "Mackintoshes". The point is that a game runs on a remote server and a user receives only ready picture. Players requirements: fast Internet channel and be ready to pay $10 (a monthly fee) of course. Read more.

Ministers are not rushing to invest in government securities.

Members of the Lithuanian government did not take their lead from President Dalia Grybauskaite and do not invest their savings in government securities (GS). Some say they do not earn as much as others opt for other methods of investing, wrote Lietuvos žinios. From June 2010 to April 2011 Grybauskaite invested in government securities more than 700,000 litas. She argues that both demonstrates its confidence in the state and its economic success. Read me.