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Today in Russian Business – May 7, 2010

Italian gun manufacturer Beretta is apparently contemplating opening a production unit in Russia.  Space corporation Energia may purchase the operations of bankrupt satellite-launcher Sea Launch, which it needs to implement its Zenit booster project.  The State Duma is considering a bill that would combat cross-holding ownership.  The government has proclaimed the creation of a national nanotechnology network which will allow for the circulation of information across the country.  The Moscow government will apparently remove red-tape in order to facilitate business operations at the Zelenograd technology park.  Goldman Sachs has suggested that the ruble stands to gain from the woes of Greece.  Gross domestic product rose an annual 1.2% in April, making it the fastest pace of growth since November 2008.