German wholesale group Metro suffered a sharp drop in share price on Thursday after it reported another quarter of falling sales at its Russian business and an impairment charge on the Real hypermarkets chain it is trying to sell, Reuters reports.
On Wednesday, Metro’s stock had rallied on relief that...
Russian billionaire Roman Abramovich has launched his highly anticipated $100 million private film fund, Kinoprime, which is “potentially open to English language and international projects,” Variety reports citing the fund’s CEO, Anton Malyshev.
The Moscow-based fund, announced last year, invests in projects at the final stage of filming. Malyshev has confirmed the...
Russia's biggest lender, Sberbank, will soon offer its customers to do their banking with a side-order of Big Mac and fries after a cooperation deal agreed between the state-owned banking giant and U.S. burger chain McDonald’s, Interfax reported.
Under the agreement, signed at the St. Petersburg International Economic Forum,...
Moldova's top diplomat has said that the country’s new coalition government is more united by its desire to improve economic growth and battle corruption than it is divided by its foreign policy views, RFE/RL reports.
However, the recent history of the country's parliamentary majorities doesn't portend well for the coalition's...
U.S. sanctions against Russia are counterproductive and they have cost German companies billions of euros in lost business opportunities, an influential German business group said Wednesday, according to Deutsche Welle.
The German-Russian Chamber of Commerce (AHK) carried out a survey of more than 140 firms, which reported more than $1.25...
Russia’s Foreign Ministry has called on Washington to recollect imposing its own sanctions instead of condemning the measures taken by Russia against Georgia, the ministry wrote on Facebook on Saturday, TASS reports.
"US Charge d’Affaires in Georgia Elizabeth Rood said the other day that the measures that Russia had taken...
The teachers and other staff in a Moscow-based school for foreign children run by Western embassies were recently denied visas by the Russian Foreign Ministry, the New York Times reports.
American officials suggested the move was an effort to exert political pressure on the United States by curtailing schooling for...
Russia’s biggest lender, Sberbank, and the country’s internet major Mail.ru Group have signed a letter of intent to create a joint online-to-offline (O2O) platform in the food and transport markets, the two groups said in a statement Thursday, according to Reuters.
The two targeted markets are Russia’s largest digital consumer sectors and are expected...
Russia’s biggest bank, Sberbank, has invested 3% of its net profit in the development of the non-banking ecosystem in the past three years, its first deputy chairman, Lev Khasis, told reporters on Thursday, according to Interfax.
“We are very careful in spending the money of our shareholders on such initiatives....
Russia’s fifth-largest carrier, Ural Airlines, has received its first Airbus A320neo aircraft on lease from CDB Aviation, according to Business Wire. The delivery marks the introduction of the first CFM International LEAP-1А-powered A320neo to be operated in Russia.
The first aircraft, with registration number VP-BRX, is part of a lease...
