Americans are paying around $6,200 for a three-night trip to Russia and the World Cup, CNBC reports citing U.S. travel agencies. An estimated million soccer fans have visited Russia for the global soccer gathering. More Americans are attending than residents of any other country, the report says.
"Data pulled in...
Russia’s economy was in 11th place in the world in 2017 by GDP volume, a World Bank ranking that adjusts GDP for price differences among countries shows, according to Gazeta.ru.
Russia’s economy returned to a growth rate of 1.5 percent in 2017 after two years of decline brought on by Western sanctions...
Standard state IT services, which will operate on the so-called cloud model - SaaS (software as a service) could be established in Russia next year, if a proposal by the Ministry of Digital Development, Communications and Mass Media gets parliament approval, Rambler reports.
The Ministry also has to deal with...
Russia's manufacturing activity contracted for the second straight month in June, IHS Markit said in a press release. The seasonally adjusted Purchasing Managers' Index, or PMI, dropped to 49.5 in June from 49.8 in May. Any reading below 50 suggests contraction in the sector.
The latest decline was driven by...
Sheremetyevo airport is likely to be able to bring passengers in comfort soon. The agency for public procurement published a tender for the purchase of new pavilions for smoking for the airport. The contract price will be approximately 4 million rubles.
According to the press service MK, seven indoor cabins...
Russian Prime Minister Dmitry Medvedev has urged the government to involve private investors in the resolution of the country’s infrastructural problems, saying that current government funds are not enough in this regard.
"Infrastructural problems need to be settled more actively; they remain one of the main obstacles to investments," Medvedev...
Over 100 new business agreements and contracts have been signed at the Innoprom international industrial exhibition held in Russia’s Yekaterinburg, which attracted more than 45,000 participants, a source in Innoprom’s press service told TASS.
"Over 100 agreements and contracts were signed," he said, adding that among them are "international agreements...
Russian President Vladimir Putin has extended a ban on Western food imports for another 18 months after the European Union's decision to prolong its broader, punitive sanctions over Russia's actions in Ukraine.
Putin's Thursday decree keeps the food ban in place until Dec. 31, 2019. It follows the EU's move...
The soccer World Cup held in Russia may boost event-related spending in the country by as much as $5 billion in June and July in areas “like retail sales, paid services, including internet, mobile traffic, as well as domestic travel,” a report by Bank of America Corp. says.
“While it’ll...
Chinese company Hebei Bishi wants to construct a shipbuilding steel plant in Russia’s Primorsky Region with a capacity of 1 million tons, which is three times greater than the actual needs of Russian shipyards, Kommersant reported.
Local officials say the region needs such a plant, because the country’s biggest shipyard, Zvezda,...
