Russia has climbed four spots to 31st in the World Bank’s latest Doing Business Report published on Wednesday, missing out on a top-20 spot that President Vladimir Putin had set as a goal several years ago, Reuters reports.
According to the publication, doing business in Russia became easier again over...
On Sunday 28 October, British Airways launched a direct flight from London Heathrow (LHR) to Sheremetyevo International Airport (SVO). Now, British Airways flights are even more convenient for passengers who live in Russia wish to get to the center of Moscow as quickly as possible on arrival.
Sheremetyevo International Airport...
Russia’s internet conglomerate Mail.ru has announced its third-quarter results last week, showing a revenue rise of 32 percent year on year to 17.7 billion rubles ($270 million), according to Reuters.
The group said core earnings were up 6 percent year on year in the same period, to 4.3 billion rubles....
Russian steel manufacturer Evraz, owned by billionaire Roman Abramovich, is considering spending almost half a billion dollars on a new rail mill in the United States, RBC reported.
New U.S.protectionist measures imposed this year, including a 25 percent duty on imports of steel from some countries to the United...
The Russian government does not plan to change taxation over the next 6 years, including raising property taxes for the rich, press service of the Russian Ministry of Finance said on Tuesday according to Rossiyskaya Gazeta.
"The government has already raised property taxes on the rich. Finance Minister Anton Siluanov...
The expansion of Russia’s Turkish Stream pipeline to Bulgaria is considered by Central and Eastern European Countries (CEEC) as an important potential for gas diversification and demand from the EU, politicians and analysts said at the Eurasian Energy Security Forum in Belgrade this week.
This opportunity the Turkish Stream...
Russia's largest meat processor, Cherkizovo, is seeking to acquire a majority stake in local producer Samson Food Products, Global Meat News reports.
Moscow- and London-listed Cherkizovo is aiming to buy a 75% holding in Samson Food Products, a group of companies based in St Petersburg and offering meat products under...
Russia’s top internet search provider Yandex announced its third-quarter 2018 results on Monday, detailing accelerated revenue growth with the help of its healthy core advertising business, continued market-share gains on Android in Russia, and the broad success of its various supplementary businesses, The Moscow Times reports.
Perhaps unsurprisingly, there were...
E-commerce transactions only account for about 3% of Russia’s total retail transactions this year according to eMarketer, although the country has a high internet penetration rate of over 70%. The slow adoption of online shopping is mainly caused by the lack of a cohesive logistics network across the massive...
As oil refineries across the world are bracing themselves for the once-in-a-generation shift to cleaner marine fuels from 2020, Russia is set to suffer the biggest revenue losses from the rules, because the world’s top exporter of the sulfurous residual oil that powers ships doesn’t look prepared for the...
