Prosveshcheniye, Russia’s largest educational publisher, is looking to float on the Moscow Stock Exchange as early as next year to raise investment finance.
Russia’s statistics agency released a slew of numbers for June and revised the May numbers. The bottom line is while the economy took a hit from the bad weather in May, the recovery is broadly on track and life is starting to look better.
Russia is ranked third in the world for the use of financial technology services and bankers at the annual sector conference in St Petersburg this year said they are continuing to roll out new cutting edge services.
Almost half of Russians (45%) believe the “worst is yet to come” for them as the crisis unwinds, according to the state owned pollster, the Russian Public Opinion Research Centre (VTsIOM).
Aeroflot will buy an additional 20 Russian-made and designed Superjet SSJ-100 jetliners in addition to its current 30, the state-owned United Aircraft Corporation manufacturer said.
Russia’s interior ministry calculates that the average size of a bribe in the capital is RUB614,000 ($10,397).
Production of passenger cars in Russia grew by 16.9% y/y in June to 121,000 units, according to Rosstat. Compared to May of this year, car production grew by 16.3%.
Cold weather and storms in May have set back the Russian harvest, but it is still on course to come in at the benchmark 100mn-tonne level this year.
Russian gas giant has reportedly started construction work on the second stage of the Turkish Stream pipeline before the final deal is approved by Ankara.
Russia's finance ministry admits that its planned $4bn eurobond swap this autumn may fall foul of geopolitics.
Rising prices and falling savings are currently Russians’ biggest fears, according to the state owned pollster, the Russian Public Opinion Research Centre (VTsIOM).
Russia's industrial output in June continued its recovery, expanding by 3.5% year-on-year in June, according to a report by Rosstat statistics agency on July 17. The figure matched the expectations of analysts surveyed by Reuters and continues the re
Despite cheap equity valuations and the economy's reduced exposure to hydrocarbon vulnerability, Russian stock prices will remain dominated by the gloomy outlook for oil prices.
After 70 years of being told Nato was the enemy, most of the populations of the former Communist bloc continue to have mixed feelings about their former enemies – even if the geopolitics have changed radically.
The CEO of German technology major Siemens Joe Kaeser is considering pulling out of projects and joint ventures in Russia, after the company got caught up in a sanctions-busting scandal involving the delivery of two power turbines to Crimea.
Two of Russia’s advanced S-400 surface-to-air missile system will be bought from Russia and another two will be produced in Turkey
The main job of Russia’s Federal Protective Service is to guard President Vladimir Putin, but until recently it ran a secret and highly profitable construction empire that collapsed after getting entangled with St Petersburg's richest oligarch.
Russia’s premier online taxi service Yandex.Taxi has joined forces with local rival Uber to jointly offer their service in six CIS countries
Both countries have emerged from the crisis and are starting to recover, but Ukraine remains a lot more vulnerable than Russia to any shocks in the near future.
Trade turnover between Russia and China grew by almost 26% in the first half of 2017 and is on course to hit the $80bn target for this year.