Friday, 14.12.2018
Russian companies produced 243 tons of gold in the first nine months of this year, an increase of 3.4% compared to the January-September period last year, the Union of Gold Producers of Russia said on Tuesday, according to local news outlet Prima Media. The union said the production of gold produced...
The Eurasian Economic Union (EAEU), a Russia-led political and economic association of former Soviet countries, may introduce a common currency into their transaction system, Izvestya reports. The Russian Finance Ministry has approved an early initiative put forward by the country’s National Payment Council, Deputy Finance Minister Alexei Moiseyev told the daily...
Тhe world's largest diamond producer by volume, Russia's Alrosa, has sold over $2 billion worth of gems directly to India and indirectly to clients with Indian capital in the first 10 months of 2018, a top company official said, according to Finam.ru. "For the last 10 months this year we sold altogether more...
Russian banks account for a large part of the investment in Ireland’s special-purpose entities (SPE), a class of unregulated structure used to raise funds, The Irish independent writes citing a new report by the country’s central bank. The Central Bank reports show that SPEs only paid €128 million of tax in...
The owners of Alfa Bank, Russia’s largest private lender by assets which include billionaire oligarch Mikhail Fridman, have approached competitors including state-run VTB and Italy's Uni Credit over a possible sale of the bank’s assets, The Financial Times reports citing sources. The news comes after similar rumors have been heard in...
Russia’s federal financial monitoring service, Rosinfomonitoring, has found 4,197 offshore companies controlled by Russian citizens in the Panama Papers, the head of the country’s anti-money laundering agency Vitaly Andreev has said, according to RBC. The Panama Papers are 11.5 million leaked documents that detail financial and attorney–client information for more...
Russia has been ranked second behind Malaysia and slightly ahead of China in the latest Bloomberg rating of emerging economies, published last month, Lenta.ru reports. The business news agency ranks 20 developing nations in its scorecard that includes metrics ranging from growth prospects to the state of the current account,...
The Russian Deposit Insurance Agency (DIA) will open a sales office in Moscow where it will administer the sale of assets of banks which have come under the control of the agency after their licenses were revoked, the DIA’s general director Yury Isaev told business newspaper Vedomosti. "We want to...
Russia’s public relations industry is progressing fast, with companies keeping pace with international players, Andrey Barannikov, CEO of SPN Communications, said in an interview with The Holmes Report. “In these conditions we, as the market operators, should respond to the various changes in good time and make the right strategic decisions—especially...
Moscow city authorities have proposed the introduction of a minimum wage for taxi drivers, which would be calculated by Internet aggregators, Kommersant reported. The move follows a strike organized last week, with Moscow taxi drivers complaining their wages are too low to continue working. In response, the Moscow Department of Transportation...