Russia’s biggest oil company Rosneft last week held public hearings together with regional authorities in Taymyr on its upcoming oil exploration in the Vostochno-Prinovozemelsky-2 license area, the Barents Observer reported.
The meeting took place in Dudinka, the port town in the far north Peninsula, local media wrote citing the...
German company Gebr Heinemann has expanded its presence in Russia by acquiring Kapo Duty-Free, the country’s leading border-shop duty-free retailer, TRBusiness reported.
Kapo operates 12 border shops as well as three smaller regional airport stores in Russia. It has been a Gebr Heinemann wholesale customer for over 20 years, Heinemann...
The net profit of Russian non-state-owned pension funds in the first quarter of 2019 increased by 15.8% compared with the figure for the same period of 2018 and amounted to 81.7 billion rubles ($1.29 billion), TASS reported citing data published by the Bank of Russia.
The weighted average return on...
E-commerce giant AliExpress has started its small and medium enterprises program in Russian regions, where it will act as the wholesaler for retail chains, the Chinese company announced on Monday, according to Vedomosti.
Goods from the seasonal range, accessories, home and garden products, and clothing will be available at the...
Russian arms producer Soyuzmash has requested the country’s central bank to allow it to process Bitcoin payments from both abroad and local customers in order to bypass sanctions imposed by the United States, FXStreet reported.
According to the company, despite heavy international restrictions on Russian companies to deal in...
Corporate recovery in Russia started to gain momentum in the first five months of the year, and companies are on track to record their most profitable year since 2015, Intellinews reported.
According to the last available data for May, cumulative profits for the first five months of this year...
The volume of cargo traffic at Sheremetyevo International Airport increased by 2% during 2019, compared with the same time period in 2018. According to the airport’s recently-published performance results, it processed 148,000 tons of cargo, 22,000 tons of mail in the first six months of 2019, Aircargo News reports.
Sheremetyevo...
After growing consistently over the past decade, Russian poultry production dropped by 5.1% to 1.5 million tons in the first five months of the year, Global Meat News reported.
Frozen poultry production down by as much as 24% year-on-year, the news website wrote, citing official data and industry estimates. According...
The new terminal currently in construction at Moscow's Domodedovo Airport will not be launched for at least another year, Vedomosti reported.
Authorities had planned to permanently open the T-2 terminal in time for the 2018 World Cup, but Russia’s Federal Agency for Air Transport, Rosaviatsiya, failed to build a second...
Russia’s oil production in 2019 will be in line with the country’s commitments under a global deal with OPEC and non-OPEC oil producers to cut output, Energy Minister Alexander Novak said in a preliminary estimate, according to Reuters.
Oil production in Russia is expected to total 556-557 million tons this...
