After years of declining real income numbers suggested a fall in Russian’s standard of living, the Russian state statistics service has halted its monthly reports on the population’s real income, or income adjusted for inflation, the New York Times reports.
Economists were sceptical about how realistic the service’s numbers were...
Russian energy giant Gazprom, which seeks to compensate for falling production in old regions and ensure future export, has started developing a major natural gas field in Siberia’s Yamal Peninsula - the Kharasavey gas field - which it had delayed several times, S&P Global Platts reported.
The Russian company will...
International musical service Spotify will enter the Russian market and a similar service planned by the Mail.ru Group will appear, investment banking firm Sberbank CIB said on Tuesday in its report on the forecast of revenues to be received by the Russian Internet company Yandex from musical services, RIA...
An antitrust complaint by Russian cyber-security firm Kaspersky Lab against U.S. tech giant Apple was filed on Tuesday in Russia, TASS news agency reported.
The Russian company says the OS maker has lately firmed its monopolistic grip over the official App Store, using its power to over the entire...
Russia’s biggest bank, Sberbank, will sell its stake in troubled Croatian company Agrokor after it restructures it, thereby increasing its value, Poslovni Dnevnik reported, citing the adviser to the CEO of Sberbank for Agrokor and future member and chairman of the Managing Board of Fortenova (Agrokor’s new name), Maxim...
Russia's state-owned airline Aeroflot will introduce hand luggage-only fares for some of its medium-haul flights at the beginning of April, Kommersant reported on Tuesday.
The new fares come after increased passenger demand for charges to reflect this lighter style of travel. The discounts will apply to select flights operated by Aeroflot...
Serbian President Aleksandar Vucic and the CEO of Russian state-owned gas giant Gazprom, Alexey Miller, have held talks over the construction of a gas pipeline in the Balkan country, Gazprom said on Tuesday.
The gas pipeline would run from the border with Bulgaria to the border with Hungary, the statement...
Russian tech giant Yandex and South Korean automaker Hyundai have teamed up to develop driverless car components, Russian news outlet The Bell reports.
The plan is “to create a self-driving platform that can be used by any car manufacturer or taxi fleet” that will cover both a prototype as...
Speaking only a month after the arrest of American investor Michael Calvey sent shockwaves through business circles, Russian President Vladimir Putin told prosecutors on Tuesday to step up legal protection for entrepreneurs, AFP reports.
Putin said the Kremlin wanted "more effective defense of the rights of business owners, with...
