Russia’s internet giant Yandex says it will IPO its ride-hailing service Yandex.Taxi sometime in the next two years, Vedomosti reports citing a statement by the company’s operating and financial director Greg Abovsky at the World Economic Forum on Friday.
“We have said in the past that Yandex.Taxi may and will...
The Russian economy expanded by 1.9 percent in December year-on-year after growing by 1.8 percent the previous month, the economy ministry said on Friday, according to Vesti Finance.
The ministry increased its estimate for gross domestic product (GDP) growth in 2018 to 2 percent from 1.8 percent due to...
Russia plans to initiate a discussion with the European Union over the introduction of a new global tax on major companies offering digital services, the country’s Economic Development minister Maxim Oreshkin said on Friday in an interview with Rossiya 24 TV.
"There are topics elaborated by us together with European...
Foreigners are returning to Russia’s commercial real estate, with foreign investment in 2018 reportedly at six-year highs, RBC reports. Russian analysts see the development as a sign of the once-booming market’s recovery from geopolitical tensions.
Investment sentiment in the real estate sector suffered after 2014 with Western sanctions over Moscow’s...
Russia’s largest classified advertising platform Avito could soon be completely sold to South Africa’s Naspers, with the media and internet group interested in buying the remaining 32 percent it does not already own, two sources told Reuters.
The deal could be announced as soon as Monday but details of the...
The seasonal increase in ruble supply from Russian exporters, especially amid recovering oil prices, offsets the negative impact of foreign currency purchases by the Bank of Russia, Kommersant writes citing experts.
The value of Russia’s national currency has been robustly increasing since the beginning of the year. On Wednesday,...
A consortium made up of the Russian Direct Investment Fund (RDIF) and sovereign funds from China and the Middle East plans to submit a deal to acquire a stake in the Russian oilfield services company Eurasia Drilling Company (EDC), TASS news agency reported.
"I think we will not take...
Russia believes economic cooperation with the U.S. is important, despite ongoing political tensions between the two countries, the head of Russia’s sovereign investment fund RDIF Kirill Dmitriev said in an interview with Yahoo Finance.
“I think business cooperation between Russia and the U.S. is important. It’s non-existent right now,...
The Russian rouble strengthened on Thursday, supported by local demand linked to month-end tax payments, as investors watched developments in Venezuela that could have repercussions on the Russian market, Reuters reported.
The Russian currency reached 65.91 versus the dollar for the first time since Nov. 23 but later pared...
German Chancellor Angela Merkel said on Wednesday that the building of controversial Russian gas pipeline Nord Stream 2 is linked to the fate of her country’s coal industry, Yahoo Finance reported.
Germany faces criticism from EU partners and Washington for its role in the construction of the Baltic Sea...
