Saturday, October 19, 2019
The Russian dealer of British luxury carmaker Bentley, Volkswagen Group Rus, will recall 37 Continental model cars in Russia, the country’s Federal Agency for Technical Regulation and Metrology (Rosstandart) said on Friday, according to TASS. Cars sold in 2019 will be recalled, the agency said. "The reason for the recall...
Investment tax deductions for companies working on social projects in the Arctic, an idea initiated by mining and metals giant Nornickel, could boost development in Russia’s North, experts told TASS. "We suggest introducing an investment tax deduction in implementation of social projects," Nornickel’s Vice President Dmitry Pristanskov said at the...
The number of industrial robot units in Russia increased by 42% to 1,007 units in 2018, Vedomosti reported on Thursday citing data by the International Federation of Robotechnics (IFR). However, the market remains negligible with five robots per 10,000 employees versus a global average of 99. In terms of sales...
Russia’s industrial output increased by 2.9% year-on-year in August, inching up from 2.8% y/y growth in July, and posting a total 2.6% y/y growth overall in the first eight months of the year, bne Intellinews reported citing data from Rosstat. In seasonally and calendar-adjusted month-on-month terms, industrial production rose 0.6%...
Russian steelmaker Severstal, controlled by billionaire Alexey Mordashov, has invested in Arcanum Alloys, a Michigan-headquartered company that develops new steel-based alloys,  Reuters reports.  Despite exporting some steel products, Russia has to rely on imports of stainless steel to cover the bulk of its domestic needs of about 370,000 tonn worth...
In a bid to serve the growing food, retail and manufacturing sectors in Russia’s Rostov-on-Don, France-based logistics company FM Logistic has opened a 35,000 sqm warehouse in the region, The Load Star reports.  According to the company, the new facility will bring about 200 jobs to the Aksai district of...
Russia is emerging with relevant technologies and strategies and is ramping up its production of automated and driverless vehicles, recent research conducted by data and analytics firm GlobalData reveals, according to ESI Africa. “According to GlobalData forecasts, Society of Automotive Engineering (SAE) Level 3 and Level 4 automated light vehicles...
As growth in the Eurozone is slowing down, Turkey's machinery sector is focusing on the U.S. and Russian markets, the head of the country’s Machinery Exporters’ Association (MAIB) has said, according to Anadolu Agency. Companies from this sector exported machinery worth $11.6 billion in the first eight months of this...
Sales of car and light commercial vehicle (LCV) in Russia declined 1.3% year-on-year to 145,545 units in August, pulling sales for the first eight months of 2019 down by 2.3% to 1.1 million, Autostat reports citing data from the Association of European Businesses (AEB). According to VTB Capital, the market...
A Moscow court on Friday issued an international arrest warrant for the founder of Russian car dealership Rolf, Sergey Petrov, who is charged with funneling 4 billion rubles ($61 million) abroad, Meduza reports. "The court ruled to grant the investigation’s request and elect the pre-trial restriction as the custodial restraint...