Russia’s sovereign wealth fund, the RDIF, will sign a deal with Italy’s state lender Cassa Depositi e Prestiti (CDP) to jointly invest 300 million euros ($338 million) in Italian firms looking to expand their businesses in Russia, VestiFinance.ru reported citing the fund’s head.
“CDP has a large portfolio of companies and we’ll be...
The governor of the Bank of Russia, Elvira Nabiullina, has spoken of the country’s economic outlook, noting that the investment climate at the moment leaves mush to be desired, Reuters reported.
“Russia needs major improvement in the business climate for the economy to grow,” the governor said on Thursday, speaking...
Volatile global oil prices, along with other economic realities are interfering with the Russian government’s economic program, President Vladimir Putin said in an interview with Italian Corriere della Sera ahead of a state visit to Rome.
Asked why his economic plans have struggled to take off despite his overwhelming victory in...
Russian sports drama “Three Seconds”, distributed in some markets under the title “Going Vertical”, has become the highest grossing Russian film of all time in China, with an 85 million yuan ($12.3 million) gross, Variety reports.
Anton Megerdichev’s film tells the story of the Soviet national basketball team’s win at...
The Russian services sector deteriorated in June for the first time since January 2016, with fall in output, new business and employment, survey data from IHS Markit showed on Wednesday, according to bne Intellinews.
The services purchasing managers index, or PMI, fell to 49.7 in June from 52.0 in May. Any reading...
Estimates by financial markets platform Dealogic say that debt and equity deals by Russian corporate issuers in the first six months of this year have already exceeded all placement volume for the entire last year by 25%, RBC reported.
Equity placements are a method for financing a growing business without...
Russia’s Finance Ministry said on Wednesday it would lower the amount of foreign currencies it will buy in July, Reuters reported.
The ministry said it would buy 10 billion roubles ($157.57 million) worth of foreign currency per day between July 5 and Aug. 6, compared with 16.3 billion roubles a...
The productivity of top managers of Russian state-owned enterprises (SEOs) will be measured by new key productivity indicators (KPIs) prepared by the Russian government, Vedomosti reported on Tuesday citing a decree signed by the Prime Minister Dmitry Medvedev.
While most of the old KPIs remain the same and target financial...
Taking into account the risk the government's spending plans may strengthen the ruble, the Bank of Russia plans to lower the key interest rate in small steps, Governor Elvira Nabiullina said on Tuesday in an interview with Reuters.
The central bank lowered the cost of lending last month amid sluggish...
The Vienna International Arbitral Center (VIAC) will be entitled to function as a permanent arbitral institution in Russia and will start functioning in the next week, Lexology reported.
After this date the VIAC can be included in arbitration agreements, the report said.
The institution will settle commercial disputes, corporate disputes (including...
