The level of consumer price inflation in Russia has fallen back to the country’s central bank target of 4%, opening the way to more key rate cuts by the regulator, state statistics agency Rosstat said on Monday, according to bne Intellinews.
Inflation, which is the biggest concern for the average...
A Russian tycoon has surprised a business conference by releasing a “rain shower” of cash worth $20,000 into the audience, Verstov.info reports.
47-year-old construction magnate Igor Rybakov, co-owner of Russian roofing-supply company Technonicol, told his audience he wanted to help young Russian entrepreneurs get started and be successful, before releasing...
The Chairman of the board of Russian oil and gas company Tatneft, Rustam Minnikhanov, has confirmed the company's readiness to resume work in Libya during the coming weeks, Finanz.ru reported.
Tatneft's operations in Libya have been hampered by political tensions and violence in the North African country.
In his meeting with Libya’s...
The foreign ministers of Russia and the United States, Sergey Lavrov and Mike Pompeo, have confirmed their positive stance on the creation of a bilateral business advisory council, Russia’s Ambassador to the U.S Anatoly Antonov has said, according to RIA Novosti.
The idea of creating a bilateral business council was...
JSC Sheremetyevo International Airport executives took the leading positions in the 20th annual rating of the "Top 1000 Russian Managers," prepared by the Association of Managers and Kommersant Publishing House.
Alexander Ponomarenko, Chairman of the Board of Directors of Sheremetyevo, was named on the list of Russian business leaders. The Director-General of the...
Sberbank has completed an internal investigation related to the leakage of customer credit card information, the bank said in a press release. The head of the sector in one of the bank’s business units tried to steal client information. Earlier, a leak was reported by more than 60 million...
A study by the World Health Organization (WHO) found that between 2003 and 2016, alcohol consumption in Russia fell by 43%, Forbes reports.
"The Russian Federation has long been considered one of the heaviest drinking countries in the world," the study said.
This is pretty known to anyone who traveled to...
The Basmanny district court in the Russian capital has frozen assets of U.S. investor Michael Calvey and several other employees of his company Baring Vostok, increasing the pressure in a case that has rocked the foreign investor community in Russia, The Financial Times reported on Friday.
Apartments owned by the...
Companies from the Philippines and Russia have signed trade and investment agreements valued at $12.6 million during President Rodrigo Duterte’s visit to Moscow this week, ABS-CBN News reports.
The Southeast Asian country’s Trade Secretary Ramon Lopez said on Friday that the Philippines-Russia business forum in Moscow resulted in a total...
A study by the Boston Consulting Group (BCG) has shown that the number of cashless transactions in Russia soared 30-fold from 5.8 to 172 on average per person between 2010 and 2018, Kommersant reported on Thursday.
The study describes the development of electronic payments systems in Russia as "phenomenal".
The value...
