Since September 1, the international payment system (MPS) Visa has significantly lowered the interchange (the fee paid by the acquiring bank to the issuing bank when paying with a credit card) for fast food in Russia, Kommersant writes.
Previously, the fee for most cards was 0.95 percent, and for...
According to preliminary data, the federal budget surplus reached 934.432 billion rubles in January-August, against 890.298 billion rubles in January-July, the Russian Ministry of Finance said in a statement.
Budget revenues for eight months amounted to 15.69 trillion rubles. (83.6% of the volume of revenues approved by the law "On...
The Central Bank of Russia has raised interest rates to 6.75 percent in its continuing fight to contain rising inflation, which threatens to damage the country's economic recovery in the aftermath of the coronavirus epidemic, Moscow Times writes.
Following a meeting of its rate-setting committee on Friday, the bank announced...
According to Vedomosti, Deputy Health Minister Oleg Salagay said during a news conference on World Sobriety Day that Russia is not the most drinking nation in the world, and that alcohol use among Russians is declining, Vedomosti writes.
"The claim that our nation is the most alcoholic or sort of highly...
Rostec State Corporation will establish a holding company to research and manufacture heavy processing equipment and tools for industry, citing two military-industrial complex sources. Kirill Fedorov, the General Director of RT-Capital, will lead the company, Interfax reports.
RT-Capital is a Rostec company that specializes in crisis management in the defense sector....
Following discussions with his Belarusian counterpart Alexander Lukashenko in Moscow on Thursday, Russian President Vladimir Putin stated that Russia and Belarus are moving toward a joint industrial strategy, as well as common access to government procurement and orders, TASS reports.
The parties were able to establish agreements on an unified...
The Moscow Exchange and RTS indexes fluctuated within 0.1 percent per minute of trading on Friday, amid mixed dynamics of blue chip prices amid an improvement in the external stock and raw materials environment (oil and metals are increasing), while Rusal securities dropped on dividend announcement, Interfax reported.
The Moscow...
Residential real estate in Russia has been most expensive in tourist-attractive urban centers in the last year, but the profitability of real estate investments as a whole is declining due to the fact that the increase in rental prices has not kept pace with the increase in property prices,...
The Russian economy has "recovered" after the new coronavirus epidemic, but its recovery potential has not yet been exhausted, said Economic Development Minister Maxim Reshetnikov, according to TASS.
He was responding to a remark made by Alexei Kudrin, Chairman of the Accounts Chamber, during the Moscow Financial Forum plenary session.
"The...
According to a Raiffeisenbank study, almost half of Russians (45 percent of respondents) consider working remotely in another location while searching for a suitable job (the results are available to TASS).
"Among Russians who have been searching for employment since March 2020, 45 percent contemplated working remotely in another city...>...
