Russia’s leading internet company Yandex is discussing the sales of its mysterious new smartphone with several big mobile retail networks in the country, according to news website Lenta.
MTS, Megafon, VimpelCom, and M.Video-Eldorado group are among the retailers negotiating the terms of sales for the device, a source close to...
Following a sharp decline in the worth of the ruble, caused by the latest U.S. sanctions against Russia, the country’s central bank could increasingly consider a key rate hike, first since 2014, Business Times reports.
The ruble had its worst week since the 2015 oil crash, threatening to unleash price...
The Russian Ministry of Finance published a draft amendment to the Tax Code, introducing the environmental tax in Russia starting from 2020, Kommersant reports.
It is designed to replace the existing fines for a negative impact on the environment. The new tax does not imply increasing payment rates, but it...
The Kristall Non-Ferrous Metallurgy factory, located in the Russian region of North Ossetia, will be restored by holding company S7 Group, Alania TV reported.
The factory, dating back to Soviet times, used to be the only producer of vacuum cooper in the country.
The local Minister of Industry and Transport Khaidarbek...
The start of several greenfield projects will help Russian oil producers boost crude production next year, the Organization of Petroleum Exporting Countries (OPEC) said in its report on Monday, according to TASS.
"In 2019, Russian oil companies have the potential to increase production through greenfield development. Incremental production of oil,...
Russia’s finance ministry expects a budget surplus of 1.5 to two percent of GDP in 2018 instead of previously forecasted deficit, Russian First Deputy Prime Minister and Minister of Finance Anton Siluanov said on Sunday.
"The budget surplus is growing. I would like to say that instead of the previously...
In a major step toward declaring energy independence from Moscow, officials in Ukraine have announced that they have loaded a unit at one of their nuclear power plants entirely with fuel produced by Westinghouse Electric, Businesswire recently reported.
While Ukraine’s nuclear industry is still scrambling under the yoke of the...
A recently proposed project to build a new highway along the Black Sea between Dzhugba and Sochi, with its whopping $19 billion price tag, might become Russia’s most expensive road, Vedomosti reported recently.
The project, part of President Vladimir Putin’s plan to boost the economy by increasing government spending...
Eight Russian seafood companies will build new production facilities in exchange for quotas for Atlantic cod, haddock, and other fish species, assigned to them by Russia's federal fishery agency, Rosrybolovstvo, Dp.ru reports.
The total investment in the new facilities will exceed 5.4 billion rubles ($81.5 million), according to the agency.
Rybotorgovaya Setj...
Combined wheat production in the European Union, Russia, and Ukraine is forecast down 12 percent from last year to the lowest level in 5 years, Reuters reports.
The EU wheat crop is down 9 percent from last year on hot, dry weather in the northern Member States, while production in...
