The profit of Russian banks in January-August 2017 reached RUB997bn ($17.3bn), according to Central Bank of Russia (CBR) -- more than they earned in all of 2016.
The Central Bank of Russia is widely expected to resume the monetary easing cycle and cut the key interest rate by 50bp to 8.5% at the upcoming policy meeting of September 15.
Russia to become the world’s second largest producer of gold after Polyus launched a new mining and smelting facility at Natalka in the Far Eastern Magadan region.
Russia is still the biggest producer of oil in the world and production is running at close to record highs, despite a deal to limit production struck with OPEC last year and extended for nine months this May.
Everyone was on holiday in August it seems. There were no bond issues at all in Central and Eastern Europe (CEE) and only three small issues in Russia.
The average life expectancy of Russians for the first time in history reached 72.5 years in the first seven months of 2017, according to Rosstat.
The Kremlin has almost finalised its plan for the reelection campaign, but is reportedly worried after turnout fell to a record low in the September 10 municipal and regional elections.
New rules strike to the heart of the most serious problem in the Russian banking sector: owners' proclivity to make loans to themselves and then default on those loans.
The Kremlin-backed United Russia swept the board in the 16 regional mandates that were up for grabs, but the elections can be considered a defeat for the Kremlin as they were marred by a record low turnout ahead of the 2018 presidential elections.
The market only returned to growth at the beginning of this year, with mass brands and made-in-Russia brands doing well as Russians trade down and become more price sensitive.
Investors snapped up metal and mining names thanks to the high prices for ferrous metals on international markets and the expectation that demand from China will accelerate
Russia’s turn to the east got more serious on August 8, after Russia’s leading oil company Rosneft announced the biggest ever investment by China into Russia in a deal to se
The near collapse of leading commercial bank Financial Corporate Otkritie has raised a wider question: is Russia is facing another banking crisis?
Who were the owners of Russia's Otkritie bank and what where the deals that got it into so much trouble?
Russia’s gross international reserves (GIR) rose 1.3% to $424bn in August, the central bank said in a statement on August 7.
Russia’s banking sector was rocked in August when Otkritie Financial Corporation, the second biggest private bank in the country and one of 10 “systemically important” banks, was taken over by the central bank.
One of Russia's largest shoes producers and retailers Obuv Rossii (Shoes of Russia) IPO plans are undented by its first ever fall in revenues. The company reported 1.5% year-on-year turnover decline to RUB4.1bn (€60mn) in January-June 2017.
Lomonosov Moscow State University the best ranked university in the CEE/CIS region on new ranking compiled by THE.
Russian hydropower major RusHydro will invest $1bn into developing solar power projects in the Far East region, deputy head of the company George Rizhinashvili told the press at the Eastern Economic Forum.
The average rate on mortgage housing loans in Russia declined in July 2017 to 10.94% from 11.1% a month earlier, the Bank of Russia said on August 6, well below the 12% cut off level for state subsidies.