Venture capital firm Sistema has been awarded the title of best corporate fund for this year at the Russia Venture Capital Awards ceremony, the company said in a statement.
The best Russian VC funds, teams, consultants, investments and exit deals of the year were recognized in seven award categories...
Credit rating agency Fitch has lowered its 2019 forecast for the growth of Russia's gross domestic product (GDP) to 1.2 percent from 1.5 percent, following a surprise slump in economic performance in the first quarter, Kommersant reported.
In 2020 and 2021, when the Russian government's $390 billion “national projects” spending...
Swiss-based pharmaceutical company Novartis and Russia’s Skopinpharm have signed a memorandum of understanding to further drug localization in Russia, the Pharma Letter reported.
Skopinpharm will make six innovative Novartis drugs for treating cancer and hematological diseases in the Ryazan region, including drugs for treating breast cancer, melanoma, acute myelofibrosis,...
Foreign citizens hoping to enter Russia will have a new electronic visa available beginning January 1, 2021, after Russian President Vladimir Putin has requested the system to be ready at an earlier date, Kommersant reports.
President Vladimir Putin has tasked the government to increase tourism revenue to $15.5 billion...
Low pensions and poverty are forcing one in five Russian pensioners to continue working, the country’s Labor Ministry revealed after a comprehensive monitoring of the socio-economic situation of elderly citizens conducted in 2018, Lenta reports.
As of January 1, 2019, the share of working pensioners was 20.4 percent of...
The Russian Central Bank said on Monday that Inflation in the country in May slowed 0.1 percentage points (pp) compared with April and amounted to 5.1% in annual terms, Delovoi Peterburg reports.
The slowdown was due to a decline in the growth rate of non-food product prices, primarily due...
A Russian trade delegation consisting of 250 Russian businessmen will visit Iran Monday and Tuesday, Iran's Energy Minister Reza Ardakanian has said, according to RFE/RL.
The minister’s statement comes at a time when Russia and Iran are forging closer economic ties amid Western sanctions aimed at the two countries.
Speaking at...
Russian Economy Minister Maxim Oreshkin said on Saturday that the Bank of Russia’s new inflation forecast of 4.2%-4.7% for 2019 seems too high, TASS reported.
The central bank on Friday lowered its inflation forecast for this year from a previous range of 4.7%-5.2%, while cutting its main interest rate to...
The Saint-Petersburg Exchange said last week it has added 100 shares in U.S. companies worth a total $364.4 billion to its trading platform, Reuters reported.
The stock exchange said it also planned to start trading shares of ride-hailing giant Uber Technologies in the third quarter. The company first listed its...
The governor of the Bank of Russia (CBR) Elvira Nabiullina warned the government against spending money from the National Welfare Fund (NWF), Vedomosti reported.
According to recent unconfirmed reports, Russian authorities are considering using the NWF for infrastructure projects to support the downstream refining sector, or to finance the capex...
