The Russian government expects that the country’s non-energy exports will reach $160 billion in 2019, Finance Minister Anton Siluanov said at the meeting of the Presidential Council for Strategic Development and National Projects on Wednesday, according to Vesti Finance.
"Non-energy exports are expected to increase by up to $9 billion...
Russian Railways Logistics and Turkish logistics operator Pacific Eurasia Logistics have agreed to establish a joint venture to develop logistics routes for cargo supply via the Baku-Tbilisi-Kars (BTK) railway, Caspian News reports.
Officials from the state railway services of Azerbaijan, Russia and Turkey signed a trilateral memorandum of understanding on...
The Russian capital is becoming more welcoming to startups and aims to enter the top three global destinations for upcoming businesses by 2030, Alexey Parabuchev, general director of the Moscow Agency of Innovations, has said, according to bne Intellinews.
Moscow has moved up from 14th to 10th place in the...
Moldovans working in Israel have sent more money home than those in Russia, a traditionally leading source of financial remittances for Moldova, Q1 data from the country’s Central Bank reveal, according to Balkan Insight.
Russia has held the first place as the source of remittances from emigrant Moldovans for the...
Danish prosecutors have charged a former chief executive of Danske Bank for his involvement in one of the world’s biggest money-laundering scandals, Danish newspaper Borsen reported.
The home of Thomas Borgen was raided by police and prosecutors on March 12, his lawyer Peter Schradieck was quoted as saying on Tuesday.
Borgen...
The Bank of Russia said in its annual report released on Tuesday that Stress tests completed in 2018 showed growing reliability of the Russian financial sector, according to Moscow-based Echo Radio.
"Reliability of the financial sector improved in 2018. Stress tests reveal that readiness of the financial market to counter...
Losses from the London unit of Russian state-run bank VTB have tripled amid sanctions and the looming cloud of Brexit, leading the lender to start relocating business lines and bankers to Frankfurt, bne IntelliNews reports.
The bank’s UK unit saw its post-tax loss surge to $63.9 million last year from...
Russia’s venture capital (VC) market increased by half in size in terms of the volume of investments to $714 million in 2018 as professional funds increasingly target Russian startups and maturing tech companies for investment, East-West Digital News reports citing a new report.
The document by DSight, a database of...
Тhe Russian government has prepared a bill to provide state support for businesses working in the Russian Arctic zone, Severpost reported.
"The status of the Arctic zone’s resident will be granted in compliance with the criteria listed in the bill," a document, describing the bill reads. "One of the criteria...
A notable slowdown in the Russian services sector was recorded in April, and the rate of new business growth slowed down to a ten-month low, says a new report by global information provider IHS Markit.
Previously, the Services PMI consistently outperformed the Manufacturing PMI part of the report, pulling up...
