Because the pandemic has decreased the quantity of employees in the global labor market, businesses will face greater competition for workers. This is the conclusion reached by experts at The Boston Consulting Group (BCG) in their research "Investing in Personnel”, Kommersant writes.
To begin with, according to the experiences of...
The US has begun reviewing its classification of Russia as a “market economy,” a move that may further aggravate already strained economic ties, Moscow Times writes.
As a result of the Russian economic and political change in the 1990s, Washington has regarded Russia as a market economy since 2002.
In effect,...
With Tokyo 2020 taking place this year, the Olympics is the topic on everyone’s lips. As planning takes place so far in advance, it is already known that China, France, Italy, and the USA will host the next few winter and summer games. Each country will be eager for the glory that...
According to data from the Justice Ministry, the number of weddings in Russia increased by 40% in the first six months of 2021 compared to the same time last year, Izvestia reported.
According to specialists, the surge in marriage activity is due to pent-up demand, as severe coronavirus limitations were implemented...
From 2022, Russians will receive information about the state of their retirement account on the website gosuslugi.ru. Users can correct possible errors in the data by submitting an application on the portal and attaching the relevant documents.
Professor of the Department of Finance and Prices, Yulia Finogenova, told RIA Novosti...
About 60% of Russian citizens under the age of 24 are economically inactive. Russian Deputy Prime Minister Tatyana Golikova said during a meeting of United Russia to discuss programs for capital repairs of schools.
According to the Deputy Prime Minister, 60% of young Russians are still economically inactive. According to...
Shares of the largest Russian retailers Lenta, Magnit, and X5 Retail Group declined during trading on the Moscow Exchange after reports of unscheduled anti-cartel checks by the FAS, Russian media reported.
The value of X5 Retail Group shares decreased by 0.5% to RUB 2,444 for one unit. Lenta's depositary receipts...
The value of Russian merchandise exports to EU countries in the first half of this year amounted to 67.4 billion euros, allowing Russia to take third place in the list of the largest exporting countries of the European Union, European statistical agency Eurostat reported.
The volume of Russian exports for...
The Bank of Russia acquired 14.4 billion rubles ($196 million) in foreign exchange on the domestic market with settlements on August 12, according to the regulator, TASS reports.
The Central Bank acquired 14.4 billion rubles in foreign exchange with payments on August 11.
Beginning January 15, the Finance Ministry resumed acquiring...
Understanding the culture of the business is important, however, understanding the culture of the country is a key requirement. The success of doing business in Russia requires a deep understanding of cultural similarities and differences between partners and business decision-makers. The biggest challenge for many companies lies in making...
