In what local media have called the “fraud of the decade”, a Russian furniture manufacturer has left Serbia and North Macedonia overnight, leaving hundreds of paying customers without their orders, news website SDK.mk reports.
Without prior announcement, Spilit, a Russian company which owned Russian-Serbian furniture retail chain Ne-Fa, has closed...
The share of Russian-made pharmaceutical drugs for cancer treatment almost reached 50% in its segment of the market in 2017, rising from 13.2% to 46.9% over the past five years, Izvestya reported citing a report by the Ministry of Industry and Trade obtained by the newspaper.
Meanwhile, the share of Russian...
U.S. President Donald Trump’s steel and aluminum tariffs met a barrage of criticism at a World Trade Organization (WTO) meeting on Friday, as the European Union, Japan, Australia, and others joined a debate started by China and Russia, Reuters reported.
The EU representative at WTO dismissed U.S. assertions that the steps...
Aluminum prices in the United States and Europe will remain high for some time due to Russia's mining tax, however efforts to drive prices further up will likely meet headwinds from traders selling their equities, according to experts, Reuters reports.
From August to December, Russia placed a 15% tax on aluminum exports, with...
U.S. carmaker Ford Motor Co could close two plants in Russia as part of its global plan to restructure operations in unprofitable regions, Reuters reported citing three industry sources.
In case the company decides to close the plants, Ford would probably produce only light commercial vehicles in Russia, two of...
Advance government procurements of motor vehicles will total 33,500 units in May - July, Russian Minister of Industry and Trade Denis Manturov said on Sunday in an interview with the Rossiya-24 TV Channel.
"We provisionally worked out this program related to the automotive industry support in the government. This pertains to...
The Federal Antimonopoly Service (FAS) is checking the largest Russian manufacturers of valves for possible collusion, which has led to an increase in prices, Russian media reported.
Checks are being carried out at NLMK, Novostal-M, Tulachermet-Stal, and PMH, FAS stated.
"The FAS has data at its disposal that may indicate signs...
Russian mining and metals concern Mechel said on Wednesday its coal output in the second quarter fell 5 percent compared with the first quarter to 4.726 million tons, according to Finanz.ru.
Coking coal concentrate sales amounted to 1.911 million tonnes in the second quarter, up 19 percent quarter-on-quarter, the company’s...
The world’s largest diamond miner by output, Russia’s Alrosa, is targeting new opportunities in gem cutting at a time when the market is showing signs of starting to stabilize, Mining Weekly reports.
According to CEO Sergey Ivanov, the company, which typically hasn’t promoted stones outside Russia, contributed $25 million to the...
Russia’s leading producer of tubular products for the oil and gas industry, TMK Group, has announced its operational results for the fourth quarter and twelve months of 2018, Finam.ru reports.
Total pipe shipments grew 6% year-on-year, to 4 010 000 tons (t), mainly driven by higher seamless OCTG shipments...
