Imperial Duty Free JSC (IDF), the Russian joint venture between Sheremetyevo Airport (SVO) and Gebr. Heinemann, has achieved an 80-percent increase in its shopping area thanks to the acquisition and integration of new retail space. In total, the retail operation now serves more than 40 million customers across approximately...
Danish shipping giant Maersk said on Friday that its Venta Maersk container ship called the port of Saint Petersburg, Russia, successfully completing a trial of the Northern Sea Route, The Associated Press reports.
Venta Maersk, one of the company’s new Baltic feeders, embarked on her voyage on 22 August 2018...
From being one of the safest places in the world for pirates, Russia has become one of the frontrunners in the war against piracy, with the country’s telecom watchdog actively going after more than 6,000 pirate websites this year, Torrent Freak reports.
VPNs are also being banned rampantly in the...
SOCAR, the State Oil Company of Azerbaijan, has plans to build a methanol plant in Russia, the company’s polymer arm chief Farid Jafarov said on the sidelines of the 9th Azerbaijan-Russian Interregional Forum, News.ru reports.
“Negotiations are underway with a Russian company on the construction of a methanol plant in...
Moscow, Russia and Pakistan have signed a memorandum of understanding (MoU) on implementing a project to build an underwater gas pipeline from Iran to Pakistan and India, the Russian Energy Ministry said in a statement on Thursday, according to Neftegaz.ru.
"The memorandum provides for the identification of authorized organizations through...
Russia’s fixed broadband market, the world’s fourth-largest, is entering a stage of maturity, characterized by high competition and slowed growth that is especially noticeable in Moscow, according to a report by Kagan, the TMT arm of S&P Global Market Intelligence.
The country’s broadband sector is overcoming the economic crisis of...
One of Russia’s biggest banks, Promsvyazbank (PSB), which was taken over by the Central Bank this year, is facing lawsuits from shareholders in Moscow, London, and New York claiming the owners, brothers Alexey and Dmitry Ananyev, defrauded them of $200 million, Forbes writes in an analysis of the bank’s...
The finance ministry in Moscow sees no imminent need to intervene in the bond market to support Russian state debt, as it does not believe U.S. sanctions against Moscow are inevitable, a senior ministry official said according to Reuters.
The sanctions' theme has unnerved markets for months but became more...
A synthetic fuel plant is planned by Poland’s JSW, the European Union’s biggest coking coal producer, in an effort to lower the country’s dependence on gas imports from Russia, Reuters reported.
On Thursday JSW said it will cooperate with South African petrochemicals group Sasol on the project.
“Poland is an...
An unexpected drop in share value stunned the managers and owners of Magnit, Russia’s second-biggest supermarket chain on Monday, following plans to nearly double its number of stores by 2023 as part of efforts to revamp the business, RBK reports.
Magnit’s share was down 4.7 percent in Moscow on Tuesday,...
