Gas major Gazprom admitted on Thursday that it's gas exports to Europe will fall in 2019, meaning that the company’s record-breaking 200.8 billion cubic meters of gas it shipped in 2018 to Europe and Turkey is now a thing of the past, Reuters reported.
The Russian gas giant had...
Russian low-cost air carrier Pobeda, part of state-run Aeroflot Group, is considering the prospect of a partial initial public offering (IPO) and may float up to 25 percent of its capital, Aeroflot’s general director Vitaliy Saveliev has said, according to RBC.
“At a board meeting earlier this year we discussed...
Russian lender Promsvyazbank, which was effectively nationalized last year, has stepped up gold purchases in the market, Deputy Finance Minister Alexei Moiseev said on Tuesday, according to Reuters.
His comments follow reports earlier this month by business daily Kommersant which cited a PSB earnings report that the bank’s precious...
State-owned corporations need to be transformed into joint-stock companies, and the Russian “economic miracle” will be possible only if these giants are fragmented, the head of Russia’s Federal Anti-Monopoly Service (FAS) Igor Artemyev has said, according to RBC.
According to him, the state’s share in the Russian economy must be...
Russian Helicopters Holding and Yandex.Taxi signed an agreement to develop an air taxi network in Moscow, which is to start operating in 2020, RT informed.
The agreement was signed at the biannual MAKS 2019 airshow. As reported by TASS, the developers plan to create an entire city-wide air mobility system...
A Russian liquefied natural gas (LNG) unit in the Kaliningrad enclave has been leased by Austrian energy company OMV, Reuters reports.
Russia has decided to lease the Marshal Vasilevskiy floating storage and regasification unit (FSRU), hailed by President Vladimir Putin as a guarantor of energy security to Russia’s enclave, in...
The construction of a 12km-long bypass, already dubbed Russia’s largest road project for the next five years, has been launched by authorities in Russia’s Volgograd Region, Aif.ru reports.
“This project is one of the largest for the next five years I’m not talking merely about money, I’m...
Art. Lebedev Studio has created a new visual concept to keep Sheremetyevo's passengers informed about self-service tools. Thanks to new content design, information about self-service opportunities has become extremely accessible without passengers having to focus on monitors and panels.
Monitors informing passengers about self-service tools are installed in inter-terminal trains...
Russia’s shadow economy had a 12.7% share in Russia’s GDP in 2017, latest official data by Russia’s state statistical agency Rosstat reveal, according to RBC.
Rosstat includes off-the-books salaries, unofficial employment and informal sales in its definition of the shadow economy, but does not count criminal activity. The agency’s...
Egypt, the world’s top wheat importer and the largest buyer of Russian wheat could soon be supplied with grains from grain trader United Grain Company (UGC), the Russian state-controlled company said on Wednesday, according to Reuters.
Egypt’s state-run General Authority for Supply Commodities (GASC) held a wheat purchase tender on...
