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...
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...
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...
Russia may be headed for an economic downturn this year and it would be the biggest one since the 2008-2009 meltdown, analysts told Nezavisimaya Gazeta.   The growth of gross domestic product (GDP) in Russia slowed down to 0.5 percent in the first quarter of this year from the same...
Lawmakers in the lower house of the Russian parliament have approved in the first reading, a bill introducing a zero VAT rate for flights not using Moscow airports, TASS news agency reported. To qualify for the tax deduction, the airlines’ departure, destination, as well as intermediate points in the...
Rising taxes and the continuing decline in real incomes have led Russia’s consumer confidence index to a historic low of 62 points in the first quarter, RBC reports citing research by The Conference Board and Nielsen. Only 25% of consumers expect their financial situation to improve in the future, while...
Russian gas major Gazprom has retained its place as the top Russian company in this year’s Forbes Global 2000, an annual rating of the biggest companies of the world, TASS news agency reported. This year 22 Russian companies found themselves in the list against 25 in the previous year’s...
Ukraine’s Prime Minister Vladimir Groisman said at a cabinet meeting on Wednesday that the country has imposed new economic sanctions against Russia banning supplies of certain groups of goods and introducing special duties, Unian reports. "Those are tit-for-tat measures - embargo and special duties on Russian goods," he said, adding...