Friday, 24.05.2019
Russia sits at the bottom of the list of emerging markets in foreign direct investment (FDI), which accounted for only 0.2 percent of the country’s gross domestic product (GDP) from 2015 to 2018, RBC reported citing the U.S.-based Institute of International Finance (IIF). The Institute’s figures exclude reinvested earnings to...
Confidence in the national economy is growing, and this is showed by the return of capital to Russia, President Vladimir Putin said at the Congress of the Federation of Independent Trade Unions of Russia (FNPR), according to Kommersant. "As for the capital that is flowing away, it is really flowing...
OFZ treasury bonds traded near their highest levels since August 2018 on Wednesday ahead of their weekly auctions by the Russian Finance Ministry, Reuters reported. At 0720 GMT, yields of 10-year benchmark OFZ bonds stood at 7.98%, near their lowest level since early August of 7.94% hit on Tuesday. Bonds...
Growth in Russia’s advertising market in the first quarter of this year slowed to 4% from 13% for the same quarter of 2018, Kommersant reports. According to the business newspaper, which cited data from the Association of Communication Agencies of Russia (AKAR), Q1 advertising spending stood at 111 billion rubles...
Russia’s economic development minister Maksim Oreshkin has said his ministry maintains its GDP growth outlook for 2019 at 1.3%, RBC reports. "So far yes," he said when asked whether the ministry considers the GDP growth outlook for this year of 1.3% still relevant. "The data for the first quarter...
Unlike other Swiss lenders, which are abandoning Russia as the U.S. and European sanctions make life difficult for foreign companies, private multinational bank Julius Baer wants to expand its presence in the country, regional manager Yevgeny Smuschkovich told Finews in an interview. The past years have seen an exodus of...
Russia’s biggest car-making alliance, Renault-Nissan-AvtoVAZ, has handed control of its dashboards to local tech giant Yandex, Vedomosti reports. The partnership, which has about a third of the Russian market, will use Yandex in locally-made cars for services like real-time navigation, voice assistance and music. The pact also opens options to gain...
A number of editors and reporters working at Russia’s leading business newspaper, Kommersant, have quit their jobs in protest after two of their colleagues were fired, alleging pressure from politics and business, Reuters reports. Kommersant's Maxim Ivanov and Ivan Safronov said on Facebook Monday that they were forced to step down because...
The U.S. State Department wants to go global with a little-known government program that offers countries cash to buy American-made weapons if they give up arms made in Russia and China, Defense One reports citing unnamed officials. The program, designed last year and called the European Recapitalization Incentive Program, was originally meant...
Russian state-owned tech corporation Rostec expects the introduction of the Industrial Internet of Things (IIoT) will provide an economic effect worth 5 trillion rubles ($77.43 billion), Vedomosti writes citing the roadmap of the "Industrial Internet" technology drawn up by Rostec. The roadmap is part of Russia’s national project on...