Russian textbook titan trains to become all-round education provider

Robert Anderson in St Petersburg July 21, 2017

Prosveshcheniye, Russia’s largest educational publisher, is looking to float on the Moscow Stock Exchange as early as next year to raise investment finance.

Cold weather hits Russian economy in May but recovery still on track

bne IntelliNews July 21, 2017

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.

FINTECH: A Russian fintech revolution is coming

Vladimir Kozlov in St Petersburg July 20, 2017

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.

Half of Russians see hardest crisis times still ahead

bne IntelliNews July 20, 2017

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).

Russia's Aeroflot leasing an additional 20 Superjets from UAC

bne IntelliNews July 20, 2017

​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.

Average bribe in Moscow is $10,397

bne IntelliNews July 20, 2017

Russia’s interior ministry calculates that the average size of a bribe in the capital is RUB614,000 ($10,397).

Russian passenger car production rose 17% in June

bne IntelliNews July 19, 2017

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%.

Russian harvest set back by bad weather, but on course for 100mn tonnes

bne IntelliNews July 19, 2017

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.

Russia's Gazprom reportedly hurries the second stage of Turkish Stream unilaterally

bne IntelliNews July 19, 2017

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 $4bn eurobond swap this autumn could be postponed

bne IntelliNews July 19, 2017

Russia's finance ministry admits that its planned $4bn eurobond swap this autumn may fall foul of geopolitics.

Rising prices and falling savings are Russians’ biggest fears

bne IntelliNews July 19, 2017

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 continues growth in June

bne IntelliNews July 18, 2017

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

MACRO ADVISER: It's the oil price, stupid

Chris Weafer of Macro-Advisory July 17, 2017

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.

Nato still has a mixed reception in Emerging Europe

Ben Aris in Berlin July 14, 2017

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.

Siemens considers quitting Russia

bne IntelliNews July 14, 2017

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.

Turkey to buy Russian missile defence system the “SA-21 Growler" for $2.5bn

bne IntelliNews July 14, 2017

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

Bodyguards Incorporated: the rise and fall of Putin's presidential guards' construction empire

Fabrice Deprez in Moscow July 13, 2017

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.

Yandex.Taxi and Uber join forces in six CIS countries

bne IntelliNews July 13, 2017

Russia’s premier online taxi service Yandex.Taxi has joined forces with local rival Uber to jointly offer their service in six CIS countries

MOSCOW BLOG: A tale of two countries – Russia vs Ukraine 1H17

Ben Aris in Berlin July 13, 2017

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 between Russia and China on course to hit $80bn target for this year

bne IntelliNews July 13, 2017

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.