Irish pharmaceutical company Ovoca Bio has completed a buyout of the remaining shares in Russian biopharmaceutical firm IVIX that it did not already hold, it said on Tuesday, according to Alliance News.
The Dublin-based firm, which focuses on women's health, has paid a total of around $11 million for the...
The transition of many Russians to remote work while maintaining the full scope of responsibilities should not mean they get paid less, the Minister of Labor and Social Protection Anton Kotyakov said on Tuesday, according to Finmarket.ru.
"Salaries with remote employment while maintaining the entire amount of the job duties...
Authorities in Russia have urged consumers and businesses to use digital payments rather than cash in an effort to slow the spread of the coronavirus and told banks to limit ruble notes in circulation, Reuters reports.
Rospotrebnadzor, the country’s consumer safety watchdog, encouraged Russians to move to cashless payments, citing...
After eight years as the head of Russia’s communications watchdog, Roskomnadzor boss Alexander Zharov has been removed from the position at his own request by Prime Minister Mikhail Mishustin, Polit.ru reports.
Earlier this month, RBC wrote that Zharov would be leaving Roskomnadzor to become CEO of Gazprom-Media, the media arm...
The South Korean Ministry of Trade, Industry and Energy announced on Monday that its free trade agreement (FTA) negotiations with Russia for the service and investment sectors would be held by video conference from Tuesday to Friday, Yonhap News reports.
The talks will be led by Director General for FTA...
The Bank of Russia has come out against the idea or any short-term form of monetary help for the country’s citizens, saying Russia has sufficient plans to combat the coronavirus pandemic as it is, Meduza reports.
The question of cash payments to Russian residents emerged following an opinion piece in...
Hong Kong-based casino operator Summit Ascent Holdings saw its profits soar in 2019 despite a comparatively modest increase in revenue at its Tigre de Cristal casino in the Primorye gaming zone outside Russia’s Vladivostok, KalvinAyre.com reports.
Figures released Monday show Summit Ascent reported its revenue hitting ($67.8 million) in 2019,...
The Russian government said Monday that U.S. fast-food giant McDonald’s and Swedish furniture maker Ikea have been placed on a list of “systemically important” companies, which could be in line for special government support if the coronavirus outbreak worsens in Russia, Bloomberg reported.
Business newspaper Vedomosti wrote Monday that the...
The All-Russian Union of Insurers has addressed the Bank of Russia with a request to temporarily ease the requirements for insurance market players amid the coronavirus pandemic and offered a number of measures to support the market, RIA Novosti reported Sunday.
In a letter to the central bank’s head Elvira...
There are no problems with food in Moscow, there are enough products in the warehouses, Moscow Mayor Sergei Sobyanin said on Sunday on Rossiya-1 television channel, as reported by RIA Novosti.
“There is enough food in the warehouses, so there is no problem. There is increased demand, people stock up...
