Russia is the most attractive major stock market in the world at the moment, as the combination of surging Russian share prices and a buoyant ruble is driving a rally and generating some of the best investment returns, the New York Times writes.
In dollar terms, Russian stocks are up...
Yango, a digital e-hailing app currently operating in 16 countries across Europe, the Middle East and Africa, was launched in the Romanian capital Bucharest on Thursday, according to See News.
Romania is the fifth EU country where the service is available, after the Baltic trio of states: Estonia, Latvia, Lithuania,...
German auto giant BMW will build its planned new vehicle assembly plant in Russia in the Khrabrovo Industrial Park in the exclave of Kaliningrad, just-auto.com reported citing local newspaper Rossiyskaya Gazeta.
The region lies tucked between Lithuania and Poland on the Baltic coast. The location will give the carmaker an...
Russia’s State Duma (lower house of parliament) approved the bill on amendments to the federal budget for 2019 and the planned period of 2020-2021 in the third and final reading on Thursday, the parliament’s news agency reports.
“We made a decision to increase the budget expenditures by 256.5 billion rubles...
Anglo-Dutch energy giant Shell decided to withdraw from the Baltic LNG project because it does not agree with the change in its concept, the company’s chairman Cederic Cremers, Shell Russia Chairman, told TASS news agency.
"The reason is that we don’t believe in an integrated concept. We were discussing the...
Russia Energy Minister Alexander Novak said on Thursday that his Ministry remains in talks with Russian oil companies about the OPEC+ deal, Reuters reports.
Novak said he believes that Russia and the Organization of Petroleum Exporting Countries (OPEC) should be able to reach an agreement at the upcoming OPEC+ meeting...
A trend of “strategic nationalization” under President Vladimir Putin’s current term can only increase the share of the state in the Russian economy in the following years, analysts told Russia Matters.
Earlier this year, sanctioned tycoon Oleg Deripaska told the Financial Times that the Russian state holds 70 percent of the country’s...
Russian oil giant Rosneft’s jet-fuelling business operator, Rosneft Aero, has been awarded a tender for fuelling the aircraft fleet of the largest Turkish air carrier Turkish Airlines in Russian airports until 2020, Angi.ru reported citing a company statement.
According to the Russian oil major, the contract states that the into-plane...
Amid escalating tensions between Russia and Georgia, authorities in Moscow are taking steps to ban Georgian wines, the business newspaper Kommersant reported on Wednesday.
Violent protests erupted in Georgia’s capital last week after a Russian lawmaker addressed the Georgian parliament in Russian from the speaker's chair. On Monday, Russia’s state consumer...
The new Moscow-St. Petersburg high-speed railway line construction will cost 1.5 trillion rubles ($23.9 billion), the government’s preliminary estimates show, according to Vedomosti.
"The preliminary (estimate) is similar to that of Moscow-Kazan - 1.5 trillion (rubles). That is the most expensive section. Second, its length is 800 kilometers, just as...
