Russian oligarch Roman Abramovich and three of his partners said on Monday they are selling a combined stake equal to 1.8 per cent in steel maker Evraz through companies they have holdings in, Kuzpress reported.
According to analysts, it is likely the investors are looking to cash in on Evraz's recent success as...
Italian manufacturer of clothes and perfumes Gucci announced plans to open its Russia’s first monobrand outlet located in the Moscow region, Kommersant reported on Wednesday.
According to the report, the new store will be located in a building that is currently under construction at Novorizhskoe highway, at the Novaya Riga Outlet...
The Bank of Russia sees debts held by certain companies as a possible internal risk and it is working on measures to control such debts, the central bank’s First Deputy Governor Ksenia Yudaeva said on Tuesday, according to Reuters.
“Internal risks are always associated with the accumulation of excess debt...
A Russian venture capital firm aiming to bring more U.S. startups to Russia has raised a $200 million fund, hoping to use the fresh pool of money to help Silicon Valley companies deliver their services to Russia’s biggest corporations and its millions of internet-connected consumers, Venture Beat reported.
The fund...
Spending by international visitors to Russia is expected to grow by 7% this year, according to research by the World Travel & Tourism Council (WTTC).
According to the findings, the country’s travel and tourism sector grew by 3.2% in 2017 –supporting 3.3 million jobs (4.5% of total Russian employment), compared...
A new expert monthly report on the economic situation in Russia says low business investment activity is to blame for the sluggish growth of the Russian economy, TASS news agency reported.
"The recent decisions of international rating agencies that are favorable for Russia are based primarily on the macroeconomic indicators it demonstrates....
The Russian Fishery Agency has announced that this will be the second consecutive year Russian catch totals reach an all-time high - in 2018, Russian fishing companies are expected to have landed more than five million metric tons (MT) of fish, up from 4.9 million MT in 2017.
But despite...
Russian President Vladimir Putin met Wednesday with the winners of the first "Considerable Business" award, some of the country’s brightest entrepreneurs, whose projects have been selected as best from tens of thousands of applicants, Bankir.ru reports.
The best ones were chosen in six nominations: "Early success", "Fast growth", "Innovative...
Danish banking holding Danske Bank said that it will shut down its banking operations in the Baltics and in Russia after Estonia ordered it to close the branch at the center of one of the largest-ever money laundering scandals, Reuters reported.
The Estonian Financial Supervision Authority (FSA) has ordered Danske...
The Russian state-owned development bank VEB has signed a deal with the government of the Kaliningrad region to pilot a new blockchain-based system of social payments, Cryptovest reports.
Kaliningrad governor Anton Alkikhanov and VEB Chairman Sergei Gorkov met at the Russian Investment Forum in Sochi last to sign the agreement...
