Economy

Since the beginning of 2021, the Sberbank Group has earned about a trillion rubles, boosting earnings by 1.7 times over 2020 and 1.5 times over 2019. This conclusion is aided by the traditional business's rapid growth rate. However, the sale of Eurocement had an impact on the third-quarter earnings,...

Not only large companies in Russia but also small firms are actively switching to online sales, Russian media informs. Their volume has grown by almost one and a half times over the past year. Experts predict that more and more Russians will remain in the habit of ordering via the...

The dollar rose by 1.14 rubles at the Moscow Exchange, up to 70.64 rubles, while the euro exchange rate went up by 1.41 rubles, up to 82.01 rubles, Russian media reported. The minimum dollar exchange rate was 69.41 rubles, the maximum - 70.625 rubles. Players made 15,673 deals, and the...

The influencer marketing business has more than quadrupled in Russia since the beginning of the epidemic and may be worth more than 18 billion rubles ($259 million). This increase may be ascribed in part to coronavirus-related limitations on offline purchases, as well as the overall rise of social media...

The Russian Federal Antimonopoly Authority (FAS) has filed a complaint against Apple for prohibiting software developers from telling clients about the option of paying for goods outside the AppStore, according to the service, TASS reported. The statement said that, because Apple disregarded the warning, FAS Russia has filed a complaint...

The coronavirus limitations imposed by Moscow and its regional suburbs on retail malls, restaurants, and entertainment venues have increased consumer demand. Last weekend, consumer attendance increased by 7-10% compared to pre-crisis levels, while commerce transactions increased by 18-40%. According to experts contacted by Kommersant, it will allow firms to...

The Russian government will have to develop new measures to support producers and stabilize food prices in the face of global inflation, Russian Prime Minister Mikhail Mishustin said at a strategic session dedicated to the pricing environment of world markets and measures to limit its influence on domestic prices. The...

The net profit of Russian banks rose to 1.9 trillion rubles, which is 65% more compared to the same period last year, the Bank of Russia said. This is more than last year and the pre-crisis 2019, Russian media informed. The forecast is much better than that of the Central...

Last week, foreign investment in Russian shares hit $190 million, the biggest level in seven months. The Russian economy's reliance on commodities attracts international investors, and the Russian market benefits from growing global commodity inflation. Russia's indices, which have seen record growth this year, are at their greatest levels...

According to RBC, the median salary in Russia climbed by 9.2 percent in annual terms in the third quarter of 2021, citing a joint survey by Sberindex and Rabota.ru service. The median wage is the amount for which half of all workers are paid more or less than the median...