Russia’s business confidence remained at highs not seen since 2012 in June, while consumer confidence is starting to improve but remains behind the historical average for the summer season, according to the latest RosStat survey.
Russia’s labour market further extended its gains in May, as unemployment declined to 5.1% in line with Bloomberg consensus projections and the real wages gain was revised up to a whopping 7.8% y/y in April, partly due to low base effects.
Producer prices in Russia jumped 35.3% year on year in May of 2021, the highest level since the series began in 2005, according to the latest Central Bank of Russia (CBR) figures.
Hydro needs new investment to replace elderly infrastructure and accelerate the road to net zero, the IEA says.
In Russian President Vladimir Putin’s annual live question-and-answer session, he plays the good tsar, listens to petitions and fixes problems.
The Russian VC firm Leta Capital aims to invest in Russian-speaking tech entrepreneurs across the world. This is a huge pool of talents who left their home countries to work in the West, where they outperform their peers.
M.Video, a part of the M.Video–Eldorado consumer electronics retail group, now processes nearly half of customer calls via a virtual assistant called Alyona.
International ratings agency Fitch has upgraded Russian metallurgy holding Metalloinvest to investment grade on June 29, ahead of the company’s possible IPO.
Emerging market economies in Europe, the Middle East and Africa (EMEA) are recovering faster than previously expected from the coronavirus (COVID-19) pandemic, but that has come with higher inflation.
EBRD says recovery from the coronacrisis is progressing faster than expected, but many emerging Europe economies won’t return to 2019 levels of GDP until 2022.
StartupBlink has just released the 2021 edition of its Startup Ecosystem Rankings Report, which encompasses 1,000 cities and 100 countries across the world, reports East-West Digital News (EWDN).
Earlier this month Sber, the state-controlled financial and technology giant (previously known as Sberbank), announced the full acquisition of Jivo.
Russia formally restarted flights to major city destinations around the world on June 28, just as coronavirus (COVID-19) infections explode to levels not seen since January.
Russia’s economy has been bouncing back from the coronavirus (COVID-19) pandemic well and industrial production was up a strong 11.8% in May year on year, but drilling into the details and different sectors are recovering at very different speeds
The merger between Russian consumer electronics giants M.Video and Eldorado in March 2018 created the biggest electronics retailer in Europe, but now it is in a new race against fast growing e-commerce companies.
The cost of joining the global movement towards net zero is not yet fully known, and both governments and corporations with the highest levels of both greenhouse gas emissions and energy intensity face the highest costs for carbon.
The British 8,500-tonne destroyer HMS Defender was buzzed two days ago by Russian fast jets off Sevastopol. Moscow promptly claimed that Defender was trespassing in Russian Territorial Waters and refusing to follow Russian orders.
Gazprom is intentionally withholding gas supplies to drive up prices in Europe, according to the FT. But not everyone agrees.
As Russians suffer the hottest June in over a century, the leading e-commerce site Wildberries reports that the sale of fur coats has doubled year on year.
Russian industrial production for May advanced 11.8% from 7.6% in April, which was also revised up from the previous result of 7.2%, RosStat said on June 24.