Russian Direct-to-Home (DTH) operator Orion has posted revenues of 3.3 billion rubles ($50 million) for 2019, a total unchanged on the previous year, Broadband TV News reports.
At the same time, the leading Russian service provider said the subscriber total for its satellite TV service Telekarta fell slightly to 3,131,000,...
Sberbank, VEB.RF, and UMMC Group have signed the basic indicative financing terms covering the development of the Korbalikhinskoye polymetallic deposit in Altai Territory, Russia, and reconstruction of the Rubtsovsk ore preparation plant in order to boost its annual capacity to 1.5 mln metric tons of ore under the Project...
The British partner airline of Russian freight carrier AirBridgeCargo, part of Russia’s Volga-Dnepr Group, has decided to suspend operations, claiming it is “extremely difficult to sustain commercially viable operations” in the light of the latest Coronavirus-affected market developments.
In an already tough marketplace, and with China as its main market,...
Venture Capital firm RTP Global, founded by Russian entrepreneur and investor Leonid Boguslavsky, has launched a new $650 million fund to continue backing early-stage tech startups, TechCrunch reports.
This new vehicle, for which Boguslavsky is once again the main LP, is three times larger than RTP Global’s first fund which...
The Organization for Economic Cooperation and Development (OECD) has slashed its forecast for the Russian economy in a bleak report warning of the impact of the coronavirus outbreak, RFI reported.
The OECD now expects Russia’s annual GDP growth to come in at just 1.2% in 2020 — down from the...
Russia will be able to meet all social commitments even if the global economic situation deteriorates, Russian President Vladimir Putin told a meeting at Vnukovo Airport’s government terminal on Sunday, Gazeta.ru reports.
"Our accumulated reserves, including those of the National Wealth Fund, are enough to ensure stability and meet all...
Russian billionaire banker Oleg Tinkov was forced to post bail of 20 million pounds ($25.6 million) to remain free in London as he fights the U.S. tax authorities, the Financial Post reported.
The U.S. Internal Revenue Service (IRS) has accused Tinkov of filing a false tax return and underreporting his...
The Bank of Russia has projected a 1.5% to 2% growth of the country’s economy in 2020 in its latest forecast, despite a rapidly spreading coronavirus outbreak across the globe and a drop in production in January, Kommersant reports.
In its report, the central bank added that a heightened up...
Russian corporate profits had a strong 2019 and returned to growth after five years of crisis, latest Rosstat data shows, according to bne Intellinews.
Over the first eleven months of last year, which is the latest data available, net profits of Russian companies were up by 1.5 trillion rubles to...
International transport and logistics company Gebruder Weiss said this week it now offers its customers land transports to all regions of Russia, securing the delivery of general cargo across the world's largest country with its new and exclusive partner JDE (ZheldorEkspeditsiya), DCVelocity reports.
General freight carrier JDE has one of the largest...
