Despite tense relations with the West and sanctions risks, Russia remained one of the 10 most popular destinations for foreign investment in Europe in 2018, says a new rating by Ernst & Young, according to RBC.
Russia was the ninth most attractive investment destination among European countries, despite the fact...
The Bank of Russia will possibly cut its key interest rate for the first time in a year at its next meeting on June 14, the regulator’s head Elvira Nabiullina has said, according to Reuters.
Latest data shows “confirms that inflation is evolving tangibly better then we expected,” Bank...
Moscow-based medical insurance startup BestDoctor has attracted $3 million in a Series A round of funding in May, East-West Digital News reports.
The company offers high-tech insurance products for individuals and businesses. The financing round was lead by three international venture firms with Russian roots: Target Global, Ascent and AddVenture....
Favorable market conditions are leading up to 10 Russian companies to consider issuing Eurobonds by the end of this year, VTB Capital’s head of debt capital markets said on Thursday, according to Reuters.
After a slump brought on by Western sanctions imposed in 2014, effectively shutting out some Russian businesses...
Foreign investors withdrew tens of billions of dollars in cash outflows from Russia after the arrest of veteran American investment fund manager Michael Calvey earlier this year, former Russian finance minister and current head of the country’s Accounts Chamber Aleksei Kudrin has said, according to RFE/RL.
"Undoubtedly, is a...
Global consumer goods corporation Procter & Gamble will invest 2.4 billion rubles ($37 million) in its Russian business this year, the company’s head for Eastern Europe and Central Asia told Reuters.
The company plans to expand its distribution center, modernize some manufacturing and localize more product production, according to Sotirios...
China's e-commerce powerhouse Alibaba and Russia's sovereign wealth fund, RDIF, will each invest $100 million in a Russian joint venture, RDIF said in a statement on Wednesday, according to TechCrunch.
The parties received approval from the Russian antimonopoly watchdog and will launch the largest e-commerce joint venture in Russia and...
One of the most important business events of the year in Russia and the country’s equivalent of the Davos Forum begins on Thursday, with authorities keen on attracting investment in the world’s largest country, AFP reports.
The St Petersburg International Economic Forum (SPIEF), held in president Vladimir Putin's hometown, is...
Moscow-based job board operator HeadHunter reported that revenue in the first quarter of this year reached 1.67 billion rubles ($25.8 million), an increase of 31.8% compared to the previous year, Vedomosti reported.
HeadHunter completed its IPO in May and began trading shares on U.S. tech exchange Nasdaq. HeadHunter was...
In another downgrade of its forecast for the growth of Russia’s economy, the World Bank said on Wednesday it expects the Russian GDP to grow at a rate of 1.2% this year, Reuters reported. The financial institution held its 2020 and 2021 forecasts at 1.8%.
Its latest revision — made...
