Russia’s small and medium-sized businesses are feeling the pinch from current economic conditions, with mood in the sector dipping in the third quarter of the year, a new study has found, according to Russian business news website RBC .
A business activity index, compiled by Promsvyazbank, the Russian small business association...
India’s defence minister Rajnath Singh on Wednesday called upon the Russian defense industry to jointly manufacture platforms and equipment with India that “would give a massive boost to the nations’ exports to third countries,” Indus Dictum reports.
Singh was addressing CEOs of Original Equipment Manufacturers (OEMs) from the Russian Defense...
State-run energy and transportation giants Transneft, Russian Railways, Aeroflot, Rosseti and Rushydro should all be part of the 2020-2022 national privatization program, a Russian finance ministry official said on Wednesday, according to Reuters.
The ministry would like the government’s stakes in these companies to be reduced to 50% plus one share,...
Serbia has reached an agreement with Russia on expanding the volume of underground gas storage facilities from 750 million to about 2 billion cubic meters, Serbian President Aleksandar Vucic told the country’s media, according to RIA FAN.
"Investment in energy infrastructure" is important, Vucic said, adding that "we could have larger...
Russia’s Federal Antimonopoly Service (FAS) has said it is not ruling out the bankruptcy of "a number of sugar factories" in the country due to a drop in the price of sugar this year, RIA Novosti reports.
The grim outlook stems from documents on the development of the sugar market...
Ferrari sales in Russia grew by 8% in the first nine months of this year, Kommersant reported citing data from Avtostat agency.
In January-September, 26 cars of the brand were sold on the Russian market versus 24 units in the first nine months of 2018. The most popular model in Russia is...
Russia’s pizza delivery franchise Dodo has won its first significant international award at the Global Restaurant Leadership Conference (GLRC) Award 2019 in Singapore as "Best Innovative Company of the Year," the organizers said in a press release.
“We are pleased to recognize Dodo Pizza in the Innovation category for its pioneering efforts...
A law that would require all smartphones, computers and smart TV sets sold in Russia to come pre-installed with Russian software was backed by Russian lawmakers in a preliminary vote on Tuesday, Reuters reported.
The bill would allow the government to designate certain locally-produced software as mandatory for devices sold in the...
Russia’s service sector activity reached a one-year high in October, increasing for the third month in a row thanks to an increase in new orders, the Markit Services PMI index showed on Wednesday.
IHS Markit’s Purchasing Managers’ Index (PMI), a single-figure measure designed to track changes in total Russian services activity...
A $359 million farm-out deal to give Russia its first foothold in a prospective oil and gas field offshore South Africa is being negotiated by the African country’s national oil company PetroSA and Russian state geological company Rosgeologia, Reuters reports.
PetroSA is under pressure to boost dwindling domestic resources that have...
