Friday, July 10, 2020
Foreign investments in Moscow, the Russian capital, reached $280 billion, with the largest amount of investment in the Russian capital coming from European countries, a local government official has said, TASS reports. Germany, France, and Italy were the three biggest investors in the economy of Moscow, while the world’s second-biggest economy...
Only 2.4% of Russian companies have founded a corporate university, a new study has revealed, highlighting the need for more investment in education by Russian business entities, EurekAlert reports. In comparison, 28% of the EU companies surveyed have corporate universities, the study shows. Researchers at the Higher School of Economics, part...
The Saint-Petersburg Exchange said last week it has added 100 shares in U.S. companies worth a total $364.4 billion to its trading platform, Reuters reported. The stock exchange said it also planned to start trading shares of ride-hailing giant Uber Technologies in the third quarter. The company first listed its...
Russia’s total public debt as of the beginning of the year stands at 33 percent of the country's GDP, which represents a 7 percent year-on-year decrease, the Russian Central Bank said in its annual report for 2017, released on Friday, noting this was considered a moderate debt burden. "As of January...
Chinese authorities are ready to take part in the construction of a bridge that connects the Peschany Peninsula in the Russian city of Vladivostok and the Yanbian Korean Autonomous Prefecture in Northeast China, Russia’s state news agency RIA reported citing an official city statement. On Tuesday, the Mayor of Vladivostok Vitaly...
Russia’s major soccer clubs are losing around one billion rubles a week ($12.8 million) as the championship was stopped due to the coronavirus outbreak, RBC reports. The Russian Premier League season has been suspended until at least 31 May, and the 16 clubs in Russia’s top soccer league could lose...
China’s leading online retailer AliExpress hopes for the significant growth of the number of Russian companies at its platform, the company’s CEO Wang Mingqiang said in an interview with Russian state-run news agency TASS on Friday. "Starting this year, or rather, last year, we began to open AliExpress platform for...
Meeting with representatives of commercial banks and think-tanks are organized by the Bank of Russia, which is seeking feedback and advice from the banking sector it oversees, three people who attended the first such meeting told Reuters. The central bank plans to meet with experts once every three months to listen...
India and Russia Tuesday sealed a $500 million deal for the construction of four missile frigates in Goa for the Indian Navy, sending a clear signal of continuing with high-level defence collaborations despite U.S. warnings of sanctions, Kommersant reports. Officials said the agreement for manufacturing of the two Talvar-class warships was...
A top Kremlin adviser has urged Russia’s business giants to start adapting now if they want to continue selling their wares in the European market after the EU outlined a plan to deploy a carbon border tax, Euraktiv reports. At a press conference on Thursday (February 6), Vladimir Putin’s climate...