Russia’s small and medium-sized businesses are feeling the pinch from current economic conditions, with mood in the sector dipping in the third quarter of the year, a new study has found, according to Russian business news website RBC .
A business activity index, compiled by Promsvyazbank, the Russian small business association...
Russia's Federal Tax Service (FTS) questions the data that the World Bank used in its assessment of the country for the latest Doing Business ranking and would like the global financial institution “to look into the situation,” RIA Novosti reports.
In 2019, Russia moved up to 28th place from 31st in 2018 on the Ease of Doing...
The former wife of Russia’s President Vladimir Putin’s, Lyudmila Putina, is a co-owner of Cyprus-registered microlender CarMoney, a major player in Russia’s microfinancing market, according to a report by the website Sobesednik.
The outlet says Lyudmila Shkrebneva (Putina’s maiden name) owns the company InteriorServices, which in turn owns a firm...
India’s defence minister Rajnath Singh on Wednesday called upon the Russian defense industry to jointly manufacture platforms and equipment with India that “would give a massive boost to the nations’ exports to third countries,” Indus Dictum reports.
Singh was addressing CEOs of Original Equipment Manufacturers (OEMs) from the Russian Defense...
The Russian State Duma passed two bills on the development of tourism in Russia’s Far East in the first reading on Tuesday, the country’s legal information portal reported.
The first bill envisages a simplified procedure of entrance to car, river or combined checkpoints in Russia’s Far East for foreigners having...
State-run energy and transportation giants Transneft, Russian Railways, Aeroflot, Rosseti and Rushydro should all be part of the 2020-2022 national privatization program, a Russian finance ministry official said on Wednesday, according to Reuters.
The ministry would like the government’s stakes in these companies to be reduced to 50% plus one share,...
Russia’s service sector activity reached a one-year high in October, increasing for the third month in a row thanks to an increase in new orders, the Markit Services PMI index showed on Wednesday.
IHS Markit’s Purchasing Managers’ Index (PMI), a single-figure measure designed to track changes in total Russian services activity...
Russian microfinance firm Zaim Credit Systems PLC said Monday it raised 2.6 million pounds ($3.35 million) through its initial public offer (IPO) on the London Stock Exchange (LSE), according to Value the Markets.
Zaim listed 104.0 million shares at 2.5 pence each. In total, Zaim has 437.0 million shares outstanding, implying...
In an apparent bid to boost its Russian and Eastern European footprint, German pharmaceutical company Stada on Tuesday agreed to purchase over-the-counter and prescription drugs units from Japan’s largest drugmaker Takeda for $660 million, Reuters reports.
The portfolio includes drugs sold exclusively in Russia, Georgia and a number of countries...
Amsterdam-headquartered telecommunication services company Veon has reported a revenue decline in the third quarter, impacted by underperformance in Russia, its largest market, regulatory changes in Pakistan and forex movements, the company’s CEO says, according to Telecompaper.
In a statement, CEO Ursula Burns said the company generated $2.2 billion in revenue...
