The race is on between Ukraine and Russia for the title of “world’s biggest grain exporter” and the two rivals are running neck and neck.
Unsecured consumer loans in Russia keep on growing, increasing by 25% year-on-year in January-March 2018, Vedomosti daily said on May 17 citing the data by Frank RG. Unsecured loans accounted for RUB1.05tn of the total retail loans volume of RUB1.9tn
Russia’s real estate market is back in play after investment rose by 30% y/y in the first quarter of this year, reports JLL – the best result in the last three years.
Russian President Vladimir Putin on May 1 signed the controversial sovereign internet bill into law. It will come into force November 1 despite the concern, confusion and even ridicule on show during its State Duma readings.
President Putin unveiled a very ambitious reform plan during his state of the nation speech on March 1 last year. Among the ambitious goals — some say unattainable goals — the president called for a drastic reduction in poverty.
Russia is projected to harvest a solid harvest of wheat of over 77mn tonnes and 38.4mn tonnes of feed grain (corn, sorghum, barley, rye, oats, millet), making a total harvest of 115.4mn tonnes in 2019
Leading Russian online job search portal HeadHunter completed its IPO on NASDAQ, on May 9 placing 16.3mn ADRs or 32% of capital at $13.5 per ADR, the upper range of price guidance. The shares of the newcomer jumped by 24% at the start of trading
April was a poor month for bond issues in Central and Eastern Europe as the two biggest markets – Russia and Turkey – were both suffering from political problems that depressed demand.
State-owned Rosatom operates 35 nuclear power stations in Russia, and is actively exporting its nuclear technology to countries around the world.
There has been yet another shake up at Russia’s state-owned gas behemoth Gazprom, as the company attempts to improve efficiency and cut down on wasteful spending.
Russian bank VTB is relocating business lines and bankers from its London unit to Frankfurt after losses from its London unit tripled
Budapest opened talks on rescheduling the Russian loan for the Paks expansion when it became clear that the new blocks would not start operations in 2025-2026 as originally planned.
Russia's services sector posted a notable slowdown in April, as the May 6 report by IHS Markit showed the softest rise in services output since June 2018, while the rate of new business growth slowed down to a ten-month low.
The decline in Russian crude output continued to be driven by the production cuts at integrated oil companies under the OPEC+ agreement. The exception was Gazprom Neft, which increased crude output 3.3% m/m.
Surviving members of the crew said the SSJ-100 was struck by lightning after take-off and had to attempt an emergency landing in harsh weather conditions.
The process of the strengthening of state's role in the economy has switched gears, as the state is no longer simply setting the rules of engagement, but attempts to regulate the whole economic system of the country, says the-antitrust regulator
Russia's privately owned oil major SurgutNefteGaz (Surgut) made more profit from its enormous cash pile than it did from producing oil in 2018, the company reported last week.
Winter is coming and it promises to be bleak for Ukraine as Russia is clearly preparing to cut its neighbour out of its gas transit system completely. bne IntelliNews talks exclusively with executive director of Ukraine’s gas company Naftogaz
Ukraine’s national gas company Naftogaz believes that Russia will cut off its gas supplies completely on January 1, 2020 and is rushing to build up reserves as high as possible so that Ukraine can get through the freezing winter.
The Belt and Road Initiative (BRI) is no less than an attempt by the Chinese to reshape the international order, but it has acted as a strategic opportunist and has no clear development plan.