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Revenues were equal to 4.635 trillion roubles, expenses - to 6.039 trillion. As compared with the same period of last year, the difference between expenditures and revenues grew by almost a third.

The possible exhaustion of the Reserve Fund of Russia in 2017 may force the agencies to lower the countrys sovereign ratings.

The alliance of Nordavia and Red Wings airline companies intends to develop a model of low-cost transportation.

The low-cost airline company Pobeda being a part of Aeroflot Group has carried 2 million passengers since the beginning of the year.

The Onexim Group of Mikhail Prokhorov sold its 20 percent share in the Uralkaliy company.

Aeroflot improved its position in the global ranking on the quality of service of the best airlines in the world and became a favorite among investors.

The Chinese Changan A.G. Car-making Corporation has agreed on the assembly of the CS35 crossover in Lipetsk Oblast.

The Venture Fund of Sberbank - SBT Venture Fund I has invested to the Uber taxi call service.

The net profit of Sberbank under Russian Accounting Standards (RAS) increased by 2.8 times in January-June 2016, as compared to the same period of last year, and amounted to 229.4 billion roubles.

The Head of Sberbank German Gref has advised unprofessional investors not to invest in euros and pounds in connection with the intention of the UK to leave the EU (the so-called Brexit - British exit).

The Russian economy is sinking into recession and continues to approach bottom. This is stated in the research by the Development Centre of Higher School of Economics (HSE).

The Chinese investors have confirmed their intention to build a factory for bottling water on the shore of the Baikal Lake. In case the project is implemented, the company will export 2 million cubic meters of water per year.

The Ministry of Industry and Trade has approved the project of the German Daimler concern on the production of Mercedes-Benz cars near Moscow.

Low cost airlines Pobeda started providing a unique service branding of aircraft on a commercial basis.

In 2016, GDP of Russia will decrease by 1.2 percent, according to experts interviewed by "Development Centre" of the Higher School of Economics (HSE).

Russian banks are now stronger than those in most of the other major emerging markets in terms of their market funds ratio, says a new report by Moody's Investors Service.

Insurance industry leaders have come together at the Bank of Russia to debate the current situation in compulsory motor third party liability insurance (OSAGO), new legislative and market initiatives to improve accessibility and quality of insurance services.

VTB Bank has unveiled its unaudited consolidated IFRS results for the 2 months ended 29 February 2016.

Forbes first published the rating of the largest Russian oil buyers.

Mechel Mining and Metallurgical Holding has signed and approved settlement agreements on restructuring of the debt to Sberbank in the court.

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