Azerbaijan and Iran will soon export cars produced as part of a joint project to Russia, Ukraine and in the member countries of the Commonwealth of Independent States (CIS), Trend news agency reports.
The joint venture will operate in the existing Khazar Car Factory”, said Sabina Nobari, head of IKCO (Iran Khodro...
Lada Vesta became the domestic bestseller in Russia in the first half of 2018, the country’s analytical agency Autostat reported on Monday.
"About 173,000 new cars of national brands were sold in Russia in six months of 2018, up 20% on an annualized basis. Lada Vesta model has become the...
Russia’s GDP growth will slow down and some companies would default if a proposal to tax additional profits in the mining and chemical sectors goes through, the Russian Union of Industrialists and Entrepreneurs (RSPP) warned on Friday.
"Companies will face an overall crisis of creditworthiness and solvency," the Union cautioned....
Russian gold mining company Polyus has signed an agreement to provide a credit line facility with Sberbank in a total amount of 65 billion rubles ($975 million) due in 2024, to refinance existing Sberbank credit line facility due in 2019, the company said in a statement published by the...
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...
After a Russian government’s idea for higher taxes on mining and chemical companies became public last week, spokesman Dmitry Peskov explained that President Vladimir Putin agreed that the government “needs to work on the initiative.”
Economic experts have been less than kind to the idea, said to come from close...
Russia-based diamond producer Alrosa has sold its most expensive stone to date, the 51-carat Dynasty diamond, The exquisite gem was part of a larger collection that brought in approximately $10 million for the mining giant, according to Mining.com.
The Dynasty diamond was the centerpiece and focal point of the Dynasty...
Spanish clothing brand Zara has reportedly agreed on a deal to produce hats and scarves in a Russian textile factory, after a year of negotiations, RBC reported.
Zara’s parent company, clothing giant Inditex, signed a deal with Morozovskiye Traditsii, a Russian clothes manufacturer based in Tver, 175 kilometers north of Moscow, anonymous...
The announced construction of a BMW plant in Hungary will not affect plans of the manufacturer to launch production in Russia, a source in the regional administration of the Kaliningrad region has said, according to Contruction.ru.
This week, BMW announced it will invest $1.17 billion to build a new plant...
Russia’s engine manufacturer NPO Energomash and the U.S. United Launch Alliance (ULA) have signed new contract to supply six RD-180 rocket engines to the United States in 2020, Energomash’s Chief Executive Officer Igor Arbuzov said on Tuesday.
According to Izvestya, the negotiating process was long, and Russia’s Defense Ministry...
