After the ramp-up to its full capacity, the ZapSibNeftekhim petrochemical facility will manufacture 1.5 mt of polyethylene per year, making it Russia’s largest polymer production facility.
Rosneft has won subsoil rights to a new oil and gas block in the north of the Krasnoyarsk region, consolidating its position in the Arctic.
Russia’s Ministry of Economic Development is considering proposing a 1.17% minority stake in national air carrier Aeroflot to private investors by 2022.
Russian e-commerce major Ozon launched a new express delivery “Supermarket” service that will deliver food and grocery in under 40-60 minutes in some Moscow districts, Vedomosti daily reported on October 17 citing the representatives of the company.
Russian authorities have held auctions for crab fishing quotas, raising RUB99.5bn ($1.5bn) for the auctions in the North basin and RUB42.8bn for the Far East basin.
Driverless vehicles developed by Russian internet major Yandex have hit 1mn miles of test drive mileage in Russia, the US, and Israel, the company announced on October 17, and confirming previous reports by bne IntelliNews.
The Russian leader's "trust rating" has fallen again. It was down to 39% in September from 40% in June, after a summer of violent protests over the Moscow City election that saw unprecedented police brutality, says the Levada Center.
Russia’s budget Pobeda airline, a subsidiary of Russian national air carrier Aeroflot, is the fastest growing airline in Europe and wants to boost prices for flights to Russia, Vedomosti daily reported.
The International Monetary Fund (IMF) cut Russia’s growth forecast for the third time this year to 1.1% from the previous 1.6%, the fund said in its latest World Economic Outlook update for October 2019. The GDP growth is expected to recover to 1.9%
Underinvestment is putting a brake on Russia’s growth, but the problem’s not a lack of cash, it’s Russian business people not trusting the government, according to Finance Minister Anton Siluanov.
Russia’s residential real estate market is recovering as the economy emerges from several years of crisis. Incomes have been stagnant for six years, but as interest rates fall housing is becoming more affordable.
It was 30 years ago that the Berlin Wall came down, ushering in hopes of a united, peaceful and prosperous world. Today the world is unpredictable and moving towards a new division between East and West. How did we get here?
Alexei Bolshakov, Citigroup’s Head of Russian Equities and Chief Executive of its local Global Markets division, has left the bank as Wall Street accelerates its retreat in Moscow, bne IntelliNews can reveal.
Belarusian authoritarian President Aleksandr Lukashenko pledges to prepare a joint response with Russia to NATO's major drills in Europe, which should take place next year.
Russia has jumped to 14th position in the Brand Finance Nation Brands 2019 ranking, up from 18th last year, after recording a solid 16% growth in brand value to $960bn, says Brand Finance in a report.
Cuba has been caught in the cross fire of the row between the US and Venezuela on which is relies for fuel imports. The island state has been suffering sever fuel shortages in recent months as shipments from Caracas dry up.
Russian subsoil licensing agency Rosnedra has taken an inventory of Russia’s major oilfields and found that one third of them are unprofitable to develop.
Russia’s Gazprom has struck a deal with Germany’s Linde on setting up a joint venture to design facilities for the processing and liquefaction of natural gas.
Fall in volume and value of deals revealed in CMS/Mergermarket report is in line with decline seen across Europe as economic slowdown, Brexit uncertainty and global trade wars hit sentiment.
Expansion ahead, but the sharp growth phase that was provoked by the entry of taxi aggregators through lower prices and more passengers is waning, says a study from the Analytic Centre.