A Reuters poll on Friday showed that if there are no new external shocks, Russia is expected to cut interest rates further amid slowing economic growth and inflation and a relatively steady rouble.
24 analysts and economists were polled in late August, and forecasts have not changed from a month...
Tens of thousands of dollars were stolen from some of at least 40,000 ATMs in Russia which accepted counterfeit bills, Kommersant reported.
According to the business newspaper, the issue reportedly affects 40,000 ATMs made by a single manufacturer, U.S.-based NCR Corp, out of the 135,000 ATMs that accept cash in...
Russian low-cost air carrier Pobeda, part of state-run Aeroflot Group, is considering the prospect of a partial initial public offering (IPO) and may float up to 25 percent of its capital, Aeroflot’s general director Vitaliy Saveliev has said, according to RBC.
“At a board meeting earlier this year we discussed...
State-owned corporations need to be transformed into joint-stock companies, and the Russian “economic miracle” will be possible only if these giants are fragmented, the head of Russia’s Federal Anti-Monopoly Service (FAS) Igor Artemyev has said, according to RBC.
According to him, the state’s share in the Russian economy must be...
Russia’s trade turnover with African states reached $20.4 billion in 2018, up 17% compared to the previous year, a representative of the Russian Foreign Ministry told TASS news agency.
According to the official, the majority of Russia’s trade operations with these states included Algeria, Egypt, Kenya, Cote d'Ivoire, Morocco, Nigeria, Senegal,...
Russia’s leading Atlantic salmon and trout producer, Russian Aquaculture, has announced a record performance for the six-month trading period to June 30 this year, bne Intellinews reports.
Increased sales and a favourable pricing environment enabled the company to achieve revenues of 4.8 billion rubles ($72 million), compared with 0.3 billion...
Chocolate and coffee sales in Russia respectively grew by three percent and 11% this summer season, data released by Gfk Russia suggests, with analysts pointing out that people react to overall political and economic instability by drinking more coffee and eating more chocolate, Izvestia writes.
Viktor Tutelyan, of the Scientific...
Russia’s shadow economy had a 12.7% share in Russia’s GDP in 2017, latest official data by Russia’s state statistical agency Rosstat reveal, according to RBC.
Rosstat includes off-the-books salaries, unofficial employment and informal sales in its definition of the shadow economy, but does not count criminal activity. The agency’s...
This year’s list of the richest Russian families has barely changed due to stagnation in the country’s economy, Forbes wrote on Tuesday as the news outlet published its sixth ranking of Russia's most successful entrepreneurial dynasties.
The aggregate wealth of the rating members has increased by only $300 million and reached...
The opening of a dialogue on Russia’s potential comeback to the Group of Eight (G8) is "a small, yet important" signal for business, the head of the American Chamber of Commerce in Russia (AmCham Russia) Alexis Rodzianko told state-run news agency TASS.
"I can say that from the standpoint of business,...
