Russia needs to create conditions for unsuccessful businesses to leave the market in order to accelerate economic growth, analysts from Russia’s Central Bank suggested in their latest bulletin, according to Vedomosti.
In the document titled "What the Trends Say", the analysts note that the most effective 10% of Russian companies contributed...
Sheremetyevo International Airport bids farewell today to the players and fans of the 2018 FIFA World Cup. For the past month, Sheremetyevo International Airport witnessed about 33 800 takeoff and landing operations (+16 percent as compared with the same period of 2017) and 4.7 million passengers (+11 percent as...
Italy’s Deputy Prime Minister Matteo Salvini sent a stern warning to Brussels as he vowed he will produce compelling evidence against the EU's sanctions on Russia by the end of this year, Politico reports.
Speaking from Moscow, Italy's Interior Minister claimed the strict trading sanctions on Russia are costing the Italian...
Russia’s Sukhoi Civil Aircraft (SCA) and Peruvian Airlines signed an agreement of intent to purchase 10 SSJ-100 and 10 MC-21 passenger jets, RIA news agency reported on Monday.
Documents were signed at a ceremony attended by GSS President Alexander Rubtsov and founder and shareholder of Peruvian Airlines Cesar Catano.
Peruvian Airlines...
The Russian Police’s Main Directorate in Moscow has opened an investigation into embezzlement during the construction of the Yamal LNG plant, police sources told RBC.
Investigators are using the case file developed by the General Administration for Economic Security and Combatting the Corruption. The target of the investigation is unidentified...
After meetings with oil companies, the Russian government agreed to amend the draft law on the tax maneuver, a source in the government, and a federal official told Interfax news agency.
In addition, a representative from the office of Deputy Prime Minister Dmitry Kozak ’s confirmed the information. According to the representative,...
The FIFA 2018 World Cup in Russia has ended, leaving memories in the host country of not only the national team making the quarterfinals but also the quality of the event’s organization, Vedomosti reports.
According to FIFA President Gianni Infantino, this was the "best World Cup so far.” The Chairman of...
Global stocks weakened slightly Monday, with investors adopting a cautious stance to trading ahead of a today's summit in Helsinki between U.S. President Donald Trump and Russian President Vladimir Putin, CNBC reports.
The development comes in the wake of a weaker-than-expected data from China that suggest growth in the world's second-largest...
Americans are paying around $6,200 for a three-night trip to Russia and the World Cup, CNBC reports citing U.S. travel agencies. An estimated million soccer fans have visited Russia for the global soccer gathering. More Americans are attending than residents of any other country, the report says.
"Data pulled in...
Inflation in Russia will exceed the target of 4% in 2019, but drop again below that level in 2020, Economic Development Minister Maksim Oreshkin said in an interview for Rossiya-24 TV news channel on Friday.
"Next year the VAT hike will push inflation slightly up above the 4% level, though...
