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The founder of the Magnit store chain, Sergei Galitsky who sold 29.1 percent of his companys shares to the VTB group for $ 2.44 billion in early 2018, headed the annual ranking of Russian billionaires with the highest income composed by the Forbes magazine.


Unicredit Bank ranked first in the top 100 of the most reliable banks in Russia compiled by the Forbes magazine.


The Bank of Russia posted the information about the economy sectors that created the main demand for undisclosed financial services in 2018 on its website.


The first guarantee under the letter of credit issued by the Moscow Guarantee Fund allowed the supplier of aerodrome special equipment to strike a deal worth 700 thousand euros.


Turning Wildberries into a unicorn company makes its sole owner Tatiana Bakalchuk a billionaire.


The trend towards the transformation of Russian Internet companies into ecosystems and the consolidation of the industry led to changes in the Forbes rating.


It is proposed to create "regulatory sandboxes" for the blockchain, neurotechnology, robotics, systems based on big data and wireless communications in Russia in 2019.


In the next five years, Russia may significantly increase gas supplies to Europe and its share in the local market.


Research: every third Russian entrepreneur was requested to pay a bribe in 2018.


Following the results of 2018, inflation in Russia amounted to 4.3 percent compared to 2.5 percent in the previous year.


Russia is at the final stages of its economic cycle and experiences a recession, as the analysts of the Vanguard investment company noted in their forecast of the world economy for 2019.


Rosseti PJSC (Russian power company) aims to create their own SCADA system in three years.


Law enforcement agencies have recorded a total of 34.12 thousand such cases. This category includes the violations of the Criminal Code related to money laundering, illegal businesses, forging securities, etc.


The reasons for the sector growth were the transfer of consumer interest to small-format stores and the trend for healthy food.


The Global Small and Medium Business Support Program titled eBay Retail Revival will start operating in Russia. The first region where the program will be launched - not only in Russia, but throughout Eastern Europe - is Yaroslavl Oblast and the city of Yaroslavl.


Online retailer Ozon is testing its own p2b-lending site (peer to business) Ozon.Invest, where individuals can lend to companies from the small and medium-sized business sector.


Russia took the 55th place in 2018.


The total volume of the main sectors of the joint consumption (sharing-economy) economy in 2018 will reach 511 billion rubles, which is 30% more than in 2017.


The goal of the annual Reach for Change contest is to help people and organizations that are developing the solutions to social problems in the sphere of childhood in their region.


Russia ranked 31st in the Doing Business ranking that is annually composed by the World Bank. Despite the fact that Russia has managed to rise by four positions, as compared to last year, the goal of joining the top 20 of the list has not yet been achieved.


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