The Russian Government has prepared a draft program of horse industry development, Meatinfo.ru reported. Special focus will be put on increasing the population of meat breed horses, the segment where the production performance has been seen shrinking over the past few years, the report says.
The new program is scheduled...
Russia’s economic development minister Maksim Oreshkin has said his ministry maintains its GDP growth outlook for 2019 at 1.3%, RBC reports.
"So far yes," he said when asked whether the ministry considers the GDP growth outlook for this year of 1.3% still relevant.
"The data for the first quarter...
Unlike other Swiss lenders, which are abandoning Russia as the U.S. and European sanctions make life difficult for foreign companies, private multinational bank Julius Baer wants to expand its presence in the country, regional manager Yevgeny Smuschkovich told Finews in an interview.
The past years have seen an exodus of...
United States Energy Secretary Rick Perry said on Tuesday that a sanctions bill putting tough sanctions on companies involved in Russia’s Nord Stream 2 project would come in the “not too distant future,” the Financial Times reports.
The gas pipeline project is criticized by the United States and several eastern...
Demand for AirBridgeCargo Airlines’ “abc XL” product dedicated to oversized and heavy cargoes continued to grow strongly in the first quarter of the year, the company said, according to Air Cargo News.
The Volga-Dnepr Group subsidiary has now rolled out its first ‘abc XL’ aircraft livery on one of its...
A number of Western buyers, including majors Total and Eni, have stopped payments for the dirty oil sold to them by Russian firms and said they will only pay when compensation is agreed, Reuters reported citing trading sources.
The two companies told their suppliers, including Russia’s Rosneft and Surgutneftegaz,...
Russian state-owned tech corporation Rostec expects the introduction of the Industrial Internet of Things (IIoT) will provide an economic effect worth 5 trillion rubles ($77.43 billion), Vedomosti writes citing the roadmap of the "Industrial Internet" technology drawn up by Rostec.
The roadmap is part of Russia’s national project on...
Russia may be headed for an economic downturn this year and it would be the biggest one since the 2008-2009 meltdown, analysts told Nezavisimaya Gazeta.
The growth of gross domestic product (GDP) in Russia slowed down to 0.5 percent in the first quarter of this year from the same...
Lawmakers in the lower house of the Russian parliament have approved in the first reading, a bill introducing a zero VAT rate for flights not using Moscow airports, TASS news agency reported. To qualify for the tax deduction, the airlines’ departure, destination, as well as intermediate points in the...
Mercedes-Benz Cars has appointed new sales management in China, the U.S. and Russia, with veteran exec Holger Suffel put in charge of the company’s Russian unit, the Financial Post reports.
Suffel started at the former Daimler-Benz AG in 1981 and held various management positions within the company in Product...
