Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS
russian visa

Private Companies Growing by 150-250% Per Year in Russia
September 17, 2019 17:16


The growth rate of the Russian economy in 2018 reached a record for six years, 2.3%, despite the tightening of international sanctions and pressure on financial markets. The economy was supported by high oil prices, increased exports, the implementation of several major energy projects and the 2018 World Cup, according to a World Bank report. The total ruble revenue of 200 private companies over the year increased by 22.2%, to 43.7 trillion rubles, according to Forbes.

Of the 200 participants in the rating, only 19 showed a negative result compared to last year. The first place, as always, is occupied by Lukoil  - its revenue of 8 trillion rubles exceeds the revenue of Surgutneftegaz more than four times, which is on the second line, displacing X5 Retail Group. The top 5 also includes Magnit  (the 4th place) and Tatneft.

There are few non-state oil companies -   only 15 in the rating, but they account for 30% of the total revenue of all participants. Almost all of them showed great growth - the average change in revenue for the sector is 33%. The best result (plus 62%) was shown by Neftysa  (part of the Safmar group of Mikhail Gutseriev).

The largest growth, on average by 60.2%, as well as last year, was shown by coal companies - coal prices in 2018 continued to grow and over the year increased by an average of 10%. Most of all, by 143%, the revenue of Siberian Anthracite company increased, in particular due to the merger of a number of companies into a holding.

The second place with an average growth of 40.8%  is taken by constructors. 2018 was a record year for apartment sales, companies were preparing for changes (to switch to using escrow accounts instead of equity agreements) and tried to sell as much as possible. The growth leader was Ingrad owned by Roman Avdeev. Its revenue increased by 251%, to 53 billion rubles. As a result of the merger with OPIN in 2017, Ingrad received a lot of land, launched new projects and in 2018 began active sales.

In other sectors, the picture is as follows: forestry - average revenue growth of 36.8%, IT - 24%, engineering - 22.2%, transport and chemical industry - 21.5% each, trade - 19.8%, petrochemicals - 16, 8%, metallurgy - 16%, finance - 15.9%, agriculture - 15.3%, pharmaceuticals - 14.8%, electricity - 5.8%, telecommunications - 5.3% and tourism - 3.7%.


Author: Anna Dorozhkina

Tags: Russian business Russian companies Russian economy Russian oligarchs  

Next Previous

You might also find interesting:

Britain Eased Anti-Russian Sanctions for the Study of Mars Top 10 Off-Road Cars Made in Russia Formula 1 Bahrain Grand Prix HSBC: Russian GDP Will Fall To 3.5% Federal Corporation For the Development Of Small And Medium Enterprises Starts Cooperating With JETRO

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

collaboration  Russian International  Exhibitions in St. Petersburg  Bastille Day  Lyalya Chornaya  Eliseevsky Shop  Moscow  Moscow Kremlin   Free Events  Russian Cinema  Festivals in Moscow  Political Rallies  Russian Animation  travel to Russia  Russian Traditions  Symphonic Orchestra  Mercedes-Benz Fashion Week Russia  Nizhny Novgorod Region  Private Museum Of Russian Icon  Moscow Planet   accommodation in Yekaterinburg  human rights in Russia  Archeological Finds  Hindi Zahra  Russian business  Murmansk  Solovki  Aeroflot  Russian regions  Kazan  IT  Konstantin Melnikov  Museum of Local Studies  Wonder  Exhibitions in Moscow  Exhibitions in Saint Petersburg  Concerts in Moscow  Irkutsk  Ninolay Lanceray  Relics  Family Life  St. Petersburg  Nizhnekamsk  Russian businessmen  Murmansk Region  Nikolai Gogol  Forest Fires  Russian actors  Russian tourism  Engravings 

Travel Blogs
Top Traveling Sites