Like-for-like sales growth of Russian retailer Lenta stood at 0.1% for full-year 2019, with both traffic and average basket sales flat for the period, ESM Magazine reported citing a company report.
Like-for-like sales are an adjusted growth metric that only includes revenues generated from organically comparable stores or products with...
Controversial Philippine president Rodrigo Duterte has said his country seeks to further boost its alliances with Russia and China, particularly on trade and commerce, CNN reports.
“And the economics, I’m veering towards so many… I’d like to open new fronts with Russia (and) with China,” Duterte said in an interview with Kremlin...
The head of Sberbank Herman Gref believes that today it is better to store savings in rubles, talking in an interview with the Vesti Nedeli program on the Russia-1 television channel on Sunday.
"Today they be stored in rubles, because the ruble is a fairly stable currency," he said, TASS...
International companies are optimistic about the changes taking place in the Russian economy, positively assess the change of government and are ready to increase investment, said Adviser to the President of the Russian Federation Maxim Oreshkin in an interview with Russia 24 (VGTRK) following the results of the World...
The government of Ukraine has transferred the operation of the Olvia port on the Black Sea near the city of Nikolayev to a Qatari company, Prime Minister of the country Alexei Goncharuk wrote in the Telegram channel, according to 112.ua.
"The concession tender in the Olvia port ended. The winner...
The U.S.-China trade agreement poses a threat for international trade and may trigger trade disputes in the next two years, Russian Presidential Aide Maksim Oreshkin said in an interview with the Rossiya-24 TV news channel following the World Economic Forum in Davos.
"The European reaction on the U.S.-China deal, in...
The sister of newly-appointed Russian Prime Minister Mikhail Mishustin, Natalya Stenina, owns luxury real estate in and outside Moscow currently valued at 900 million rubles ($14.3 million), BBC Russia reported Thursday, citing a classified tax database.
Mishustin and his family were thrust into the spotlight after the former tax chief’s surprise...
Three former Russian bank owners were ordered by a London court Thursday to pay $900 million for siphoning money out and contributing to the collapse of domestic lender National Bank Trust five years ago, The Financial Times reports.
Тhe court decided that all three bankers were involved in a fraudulent scheme...
Russian oil major Lukoil has signed a memorandum of understanding with Azerbaijan’s state oil company Socar on joint exploration at promising offshore blocks in the Azerbaijani sector of the Caspian Sea, TASS reported on Wednesday.
"On January 22, a memorandum of understanding was signed by Socar and Lukoil on the...
The Russian game market more than doubled in the past five years to more than $2 billion in 2019, online payment system Yandex.Checkout has said in a report, according to Venture Beat.
Historically dominated by free-to-play PC games, Russia’s market is shifting more toward mobile games in the past year,...
