Russian nationwide food and necessities delivery service SberMarket has unveiled its 1Q20 performance figures, which show the company's turnover increased five-fold to 1.5 billion rubles ($20.07 million) year-on-year, Retail & Loyalty reports.
Compared to 4Q19, the metric soared 74%. The number of orders delivered in 1Q20 also increased more than...
Russia ranks 6th in the list of countries that grew the most billionaires in the past decade, Forbes magazine reported on Thursday.
The country has 38 more people whose fortune is estimated at $1 billion or more: in 2010 there were 61, and now, according to the magazine there are...
Journalists at the Russian business newspaper Vedomosti have rebelled against their new management after the paper’s editor was accused of banning criticism of constitutional amendments backed by Vladimir Putin and the use of data from an independent pollster, Meduza reports.
In a blistering opinion article published on the newspaper’s website on Thursday, the editorial...
Russia may need to borrow an additional 1.5-2 trillion rubles ($20-26.7 billion) to support its economy as a consequence of the coronavirus outbreak, First Deputy Prime Minister Andrei Belousov said on Thursday, according to Fomag.ru.
"The additional need for borrowing due to the state budget situation could amount to 1.5-2...
The survival of museums struggling during the coronavirus lockdown should be ensured by the state government, the head of Russia's renowned Hermitage Museum said this week, according to AFP.
Museums across Russia have gradually closed their doors to the public since the introduction of a ban on gatherings of more...
Credit rating agency Fitch has downgraded the outlook for Russia’s State Transport Leasing Company (GTLK) to stable from positive, whilst affirming the Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘BB+’.
A state-owned business, GTLK is Russia’s largest lease company and is the nation’s second biggest aircraft lessor.
The outlook revision...
Russia’s leading business newspaper Vedomosti is at the center of another censorship-related controversy, with the new chief editor now banning employees from criticizing President Vladimir Putin’s proposed constitutional changes, The Moscow Times reports.
Andrei Shmarov, who was named acting editor-in-chief by Vedomosti’s new owners in March, made news earlier this...
Fitch Ratings has affirmed the Insurer Financial Strength (IFS) rating of Allianz Russia at 'BBB+' with a stable outlook, the rating agency said in a statement.
The rating action is based on Fitch's current assessment of the impact of the coronavirus pandemic, including its economic impact, under a set of...
Russia’s deepening economic crisis, caused by the coronavirus pandemic and a shap drop in oil prices, could spill into some of the most remittance-dependent economies in the world, Bloomberg wrote last week.
Migrant workers from the former-Soviet Union send $13 billion home each year from Russia, where they are allowed...
A majority of Russians in a recent poll have said they want to change their current jobs, some plan to find a more promising vacancy, while others fear the difficulties that their employer is experiencing during the quarantine, employment service Rabota.ru said on Tuesday, according to New Retail.
The website...
