German automotive giant Mercedes-Benz's $280 million plant in Russia’s Podmoskovye will be inaugurated by President Vladimir Putin on Wednesday, Gid55 reported.
The 85-hectare plant is located in the Esipovo Industrial Park, about 40 kilometers north of Moscow, and is equipped with Industry 4.0 technologies and full flexible assembly technology...
The CEO of Rusal, one of the world’s biggest aluminum producers, has said the company had fully resumed supplies of primary aluminum to the United States and Europe to the level prior to U.S. sanctions imposed last year.
"The volume of supplies to Europe and U.S. has been fully resumed...
The Commercial Court of Amur Region has seized 9.99% of Vostochny Bank shares belonging to Cypriot company Evison Holdings Limited, through which Baring Vostok, the investment fund owned by jailed U.S. businessman Michael Calvey, and his partners control over 50% of the lender’s stock, the defendant’s lawyer Dmitry Savochkin...
The Markit purchasing managers’ index (PMI) showed on Monday that Russia’s manufacturing activity expanded in March, supported by higher output and new business growth.
According to IHS Markit analysts, domestic demand substituted demand from abroad, giving the manufacturing sector a further boost.
The index’s headline reading rose to 52.8 from...
Sheremetyevo Airport’s Terminal B received the prestigious 5-stars rating from the British rating agency Skytrax, RIA Novosti reported.
The award ceremony took place on March 27 in London, as part of the Passenger Terminal Expo. Until recently, the highest rating belonged to only nine airports, one of which is in...
Russia’s gross international reserves (GIR), including gold, continue to rise, reaching $487.1 billion as of late March – enough to cover Russia’s external debt dollar for dollar in cash, Intellinews reported.
As the government makes use of the windfall from rising oil prices and falling expenditures to pay off more...
Some providers of VPN (virtual private network) services have begun pulling their Russian servers in response to an ultimatum by Russia’s state telecommunications agency Roskomnadzor to connect their systems to the watchdog's blacklist of banned websites, Technadu.com reports.
On Thursday, Russia's online regulator, Roskomnadzor, said it had written to 10...
Russian and foreign businesses have significantly increased investments in the development of domestic higher education in recent years and in 2019, University World News reports.
The news outlet says that another sign of the interest by Russian companies to invest in education is the planned setup of a new venture...
IPG Photonics, a Britain-based laser manufacturer, argues in a new court filing that the company will continue to lose business as long as CEO Valentin Gapontsev is listed as a Russian oligarch and U.S. tensions with Russia continuing to escalate, the Worcester Business Journal reports.
Gapontsev is a Russian-American billionaire...
