Russia’s retail major Magnit is finishing negotiations on the purchase of SIA Group, one of the five biggest pharmaceutical distributors in the country, using its own shares for the transaction, according to RBC.
The transaction will be closed after obtaining consent from the Federal Antimonopoly Service. Further consultations on the...
Fruits, coconuts, cocoa, nuts, vegetables and fish from the Philippines have a big export potential in Russia, the Philippine Trade and Investment Center in Moscow (PTIC-Moscow) said, according to Business Mirror.
The team said some Russian importers, buyers and distributors showed interest in many locally produced goods during the World...
The United States Treasury Department said on Friday it was granting investors another month to divest their holdings of sanctioned Russian companies En+ and Rusal and was giving the firms more time to address their business operations, Bloomberg reports.
The U.S. in April imposed sanctions against billionaire Oleg Deripaska and...
The demand for IT software and services in Russia is expected to grow at a high rate in the next two years, driven by increased e-government and e-banking initiatives by authorities and banks, SBWire reports.
The market is expected to register a strong growth of 7.2% in its compound annual...
A technology roadmap to launch the production of pipes with built-in recording, processing, and switching devices was signed by the heads of gas giant Gazprom and pipe maker TMK last week, according to Sever Press.
Alexey Miller, Gazprom’s Chairman, and Dmitry Pumpyansky, Chairman of the Board of Directors of TMK,...
Russian cyber-security firm Kaspersky Lab said Wednesday that Microsoft has fixed a zero-day exploit that it discovered in August, which could affect the Microsoft Windows operating system, including the latest Windows 10, Al-Bawaba reports.
Kaspersky said its security team found the zero-day vulnerability in the Win32k component of the...
Five Russian companies have made it on Forbes’s list of 500 world's best employers, the rating published on Wednesday shows, RIA news agency reported.
According to the list, the Moscow Exchange, which occupies the 117th place in the rating, is Russia’s best employer. Oil and gas company Surgutneftegas is in...
A Russian gas infrastructure company, Stroytransgaz, is revealed to be part of an indictment by Macedonia’s Special Prosecutor Office (SJO), against two high-ranking members of the country’s former government, RFE/RL in Macedonian reported.
The prosecutor, formed to investigate crimes revealed in a massive wiretapping scandal in 2016, announced on its...
The Moscow Exchange will begin trading of deliverable gold futures on its Derivatives Market.
The new contract will link Moscow Exchange’s Precious Metals and Derivatives markets as gold will be delivered via the Precious Metals Market spot section.
The contract will be quoted in rubles per gram and will expire...
The head of Russia’s Gazprom said on Tuesday the state-run giant will resume importing Turkmen natural gas from the start of 2019, after a three-year-long break, RFE/RL reports.
Gazprom CEO Aleksey Miller made the commitment in an interview with Turkmenistan’s state-run television channel on October 8.
Until it was displaced...
