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The Share of SMEs in the Russian Economy Makes 21.9%
|
| Rosstat published information about the share of the small and medium-sized businesses (SMEs) in Russia.
|
| --07-02-2019-- |
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The Share of Non-cash Payment in Russia Reached 50%
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| At the end of 2018, the share of non-cash payment was 46%, in 2017 - only 40%.
|
| --07-02-2019-- |
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Russia Ranked 27th in the Annual Bloomberg Innovation Index
|
| Russia lost two positions in the ranking.
|
| --28-01-2019-- |
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Russian Imports of Dairy Products May Reach a Minimum Level Over the Past 15 Years
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| According to the results of 2018, Russian imports of dairy products may decrease to 6.3-6.5 million tons, reaching a minimum level over the past 15 years.
|
| --28-01-2019-- |
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A Special Group in the UK will Monitor Financial Flows from Russia
|
| It was decided to organize a special group in the UK to combat fraud, corruption and money laundering.
|
| --27-01-2019-- |
|
Bank of Russia Reduced the Share of Dollar Turnover in International Reserves
|
| The Bank of Russia reduced the share of dollar turnover in international reserves to 21.9 percent and at the same time increased the share of euro (to 32 percent) and Chinese yuan (to 14.7 percent).
|
| --27-01-2019-- |
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Russian Shrinkflation
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| Food manufacturers began to reduce packaging to hide growth in prices.
|
| --23-01-2019-- |
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The Trade Turnover between Russia and China in 2018 Increased by 27.1 Percent
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| The trade turnover between Russia and China in 2018 increased by 27.1 percent and amounted to more than 107 billion dollars.
|
| --21-01-2019-- |
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Gasoline Prices will Keep on Growing in 2019
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| The Central Bank of Russia stated that the tax increase would affect all spheres of the economy, and prices would go up for all goods including automobile fuel.
|
| --21-01-2019-- |
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Eco-friendly Transportation Campaign
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| Green coloured car signs may be issued in Russia to emphasize the environmental friendliness of electric vehicles.
|
| --20-01-2019-- |
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SME in Moscow Received over 27.7 Billion Rubles of Loans with State Guarantee Support in 2018
|
| The volume of guarantees of Small Business Assistance Fund in Moscow equaled to 13.7 billion rubles in total, which exceeded the previous year statistics by 13%.
|
| --20-01-2019-- |
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Russia will Strengthen Control over the Quality of Gasoline and Diesel Fuel
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| It will be possible to track the entire process of fuel production - from the refinery to the gas tank.
|
| --07-01-2019-- |
|
The Russian Government is Going to Continue Privatization of State Companies
|
| The government is going to continue privatization of state companies and look for those who will buy them, but this won’t be done publicly.
|
| --23-12-2018-- |
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Russian Government would not Increase the Tax Burden on Businesses within the Next Six Years
|
| According to the Minister, the government will more strictly monitor the implementation of tax legislation by businesses for the purpose of creation of equal conditions for entrepreneurs.
|
| --18-12-2018-- |
|
Prices For Consumer Goods Were Fixed
|
| The largest Russian retail networks have fixed prices on 56 kinds of consumer goods.
|
| --07-04-2015-- |
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Russian Advertising Market Declines
|
| The volume of the advertising market in Russia will decline by 17 percent – down to 282.26 billion roubles - in 2015.
|
| --07-04-2015-- |
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Economic Indicators Improvement
|
| The situation in the Russian economy is now better than it was expected at the end of last year. This was told by the Minister of Economic Development Aleksei Ulyukayev.
|
| --07-04-2015-- |
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Inflation in Russia to Stay at 11-12% in 2015 - Finance Minister
|
| The inflation rate is expected to be around 11-12 percent in 2015, and then it will drop to 6-7 percent next year, according to Russian Minister of Finance Anton Siluanov.
|
| --29-03-2015-- |
|
Russia Won't Support Greece Financially - Official
|
| Russia currently has no plans to assist Greece with money, as "such expenses are not included in the federal budget law", Russian Deputy Finance Minister Sergey Storchak said.
|
| --25-02-2015-- |
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Russia's Foreign Debt Estimated at $600 Billion for 2014
|
| On Tuesday, January 20, the Bank of Russia issued a report which revealed that Russia’s foreign debt stood at $599.497 billion by the end of 2014, which is 17.7 percent lower than it was in the previous year.
|
| --20-01-2015-- |
|
No Economic Growth for Russia in 2015, UN Says
|
| Russia is going to face a zero economic growth in 2015, to say the same about the whole Commonwealth of Independent States (CIS), UN Department of Economic and Social Affairs reports.
|
| --20-01-2015-- |
|
Manual Mode Of Economic Control Is Possible
|
| The Russian President Vladimir Putin said that the manual mode of control over the economy may be turned on and the work in sectors may be organized, if necessary.
|
| --31-12-2014-- |
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Russia Directs Biggest Companies to Cut Dollar Holdings
|
| The Russian Government has ordered five biggest firms to limit foreign currency reserves in order to support the rouble.
|
| --26-12-2014-- |
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Russia Raises Interest Rates to 17% While Russian Rouble Collapses
|
| On Monday night the Central Bank of Russia took a dramatic decision to raise interest rates from 10.5% to 17% to save the country's economy from an enormous inflation.
|
| --16-12-2014-- |
|
Bank of Russia Ups Key Rate
|
| The Bank of Russia decided to raise its key rate to 9.5 percent amid stagnant economy and depreciating rouble.
|
| --02-11-2014-- |
|
GDP Down 0.4% in August
|
| Russia’s GDP dropped 0.4 percent in August, according to a report by Russia’s Economic Development Ministry.
|
| --28-09-2014-- |
|
Virgin Group Leads Petition for End to Ukraine Crisis
|
| The UK’s Virgin Group has published a call for an end to the Ukraine conflict signed by 16 Russian, Ukrainian and international business leaders.
|
| --20-08-2014-- |
|
Switzerland Remains Neutral in Sanctions War
|
| Switzerland has rejected pleas from other European countries hit by the Russian food embargo to export their products via its territory in the latest twist of the sanctions war.
|
| --20-08-2014-- |
|
UAE Will Not Curtail Economic Cooperation With Russia
|
| The sanctions of the West against Russia do not hinder economic cooperation and trade with the UAE.
|
| --09-06-2014-- |
|
Inflation May Spiral Out of Control in 2014
|
| Russia is facing increasing inflationary pressure in 2014 amid flat production, stagnation and growing social expenditures.
|
| --08-06-2014-- |
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Kaspersky Lab Posts 6 Percent Revenue Growth in 2013
|
| Kaspersky Lab, a major anti-virus vendor in the world, has reported a 6 percent increase in earnings in 2013.
|
| --04-05-2014-- |
|
Russian Sues EU in WTO over 3rd Energy Package
|
| Russia has complained to the World Trade Organization about the Third Energy Package after exhausting diplomatic means of resolving the tension.
|
| --04-05-2014-- |
|
More Ferries to Support Tourist Flow to Crimea
|
| The Russian Defense Ministry has pledged additional ferries to transport people and cars from to Crimea to meet the growing demand of the high season in the newly absorbed region.
|
| --04-05-2014-- |
|
Germany Wants China to Influence Russia
|
| Germany expects China to play a bigger role in the resolution of the Ukrainian crisis by influencing Russia.
|
| --22-04-2014-- |
|
Govt Forecasts 1.8-1.9 Percent GDP Growth
|
| The Russian economy is unlikely to rise above 2 percent in 2014 amid investor uncertainty over the possible impact of sanctions, says the Economic Development Minister.
|
| --27-03-2014-- |
|
US Sanctiones Some Russian Banks, Freezes their Visa and MasterCard Cards
|
| US-based Visa Inc. and MasterCard Inc. have stopped any operations with credit cards from several Russian banks targeted by the United States for financial sanctions on Thursday, a number of Russian banks said on Friday.
|
| --22-03-2014-- |
|
Aeroflot’s Shares Dropped 10 Percent
|
| The Moscow Stock Exchange saw a 10 percent slide in the price of Aeroflot’s shares after the report on a change in flight routes over Ukraine.
|
| --13-03-2014-- |
|
Russian Gold & Foreign Exchange Reserves Reach $494.6 BLN
|
| Russia has bolstered its gold and foreign exchange reserves by another 1.3 billion over a week, says a statement of the Bank of Russia.
|
| --13-03-2014-- |
|
Crimean Parliament Wants to Join Russia
|
| The Parliament of Crimea has called on Russia to accept the Ukrainian autonomous republic as part of its territory.
|
| --06-03-2014-- |
|
Crimean War Costs Could Reach 3 Percent of GDP - Report
|
| A military invasion of Crimea would cost the Russian economy some three percent of GDP, says a report by Bank of America Merrill Lynch.
|
| --04-03-2014-- |
|
Sochi Olympics May Boost GDP
|
| The Winter Games in Sochi are expected to boost the economy by 0.3 percent amid a continuing stagnation, says a report by the Russian Central Bank.
|
| --03-03-2014-- |
|
Russian Military Plans Shock Stock Exchange
|
| The events in Ukraine have sent the Russian stock market and national currency in free fall, with the biggest blue chips like Sberbank or Gazprom shrinking by an average of 15-23 percent.
|
| --03-03-2014-- |
|
Prices for Cars, Consumer Electronics May Jump Due to Rouble Devaluation
|
| Cars, consumer electronics and liquor could be among the most hit categories in the wake of the rouble devaluation.
|
| --30-01-2014-- |
|
2013 Inflation Totals 6.5 Percent, GDP 1.4 Percent - Official Report
|
| Inflation in Russia proved higher than expected in 2013, says a report by the Russian Federal Statistics Service
|
| --06-01-2014-- |
|
2013 Called Year of Missed Opportunities
|
| Deputy Minister of Economic Development Andrey Klepach called 2013 the ‘year of missed opportunities’.
|
| --19-12-2013-- |
|
Russia Seeks More Trade & Investment from US
|
| Russia’s First Deputy Prime Minister has returned from a trip to woo American investors and re-define trade cooperation with the US.
|
| --12-12-2013-- |
|
RUR 10 Trillion Missing in Budget to Deliver on Kremlin's Promises
|
| The Russian budget is expected to lack some RUR 10 trillion, or $300 billion, until 2020 to deliver on the promises given by the authorities
|
| --06-12-2013-- |
|
Economy Minister Downgrades GDP Forecast
|
| The Economic Development Ministry has downgraded its GDP forecast for 2013 and 2014.
|
| --05-12-2013-- |
|
The Telegraph: The Russian Economy Needs A Regime Change
|
| The Russian economy is in a parlous state and needs a radical changes to the political regime, The Telegraph reports.
|
| --29-11-2013-- |
|
Govt Admits 2013 Worst Year For Economy in Modern History
|
| 2013 has seen the worst economic growth since the collapse of the USSR, said Russia's Economic Development Minister.
|
| --02-10-2013-- |
|
Unemployment Drops to 3.9 Percent
|
| The unemployment level in Russia dropped yet again, says Labour Minister Maksim Topilin, with the official number totaling just 5.2 million people.
|
| --15-07-2013-- |
|
Govt Expects Oil Prices Dip in Late 2013
|
| Late 2013 may see a drop in oil prices, according to the Russian government.
|
| --30-06-2013-- |
|
OECD Downgrades Russia's Growth Forecast
|
| The OECD has cut its 2013-2014 forecast for Russia, following similar moves by major financial institutions, including Russia's Economic Development Ministry.
|
| --07-06-2013-- |
|
JP Morgan to Help Russia Boost Sovereign Credit Ratings
|
| Russia signs on JP Morgan to help improve the country’s credit rating, says a statement by the Finance Ministry.
|
| --26-05-2013-- |
|
EBRD Cuts 2013 GDP Forecast for Russia
|
| The European Bank for Reconstruction and Development has cut its Russia forecast amid growing fears over a looming recession.
|
| --10-05-2013-- |
|
Sluggish Growth Prospects Put Off Investors
|
| Russia loses investment appeal, as global investors are losing faith in emerging economies.
|
| --24-04-2013-- |
|
Govt Predicts Recession If No Action Taken
|
| Russia's economy may grind down to a halt, says Economic Development Minister Anton Siluanov.
|
| --16-04-2013-- |
|
Russia Cuts 2014 GDP Forecast
|
| Russia's pace of economic development is slowing down, as seen from the latest government report.
|
| --14-04-2013-- |
|
Energy Revenues Must Drop to Quarter of Budget
|
| The share of oil and gas revenues should be lower than 25 percent and not 50 as it is today - PM
|
| --26-02-2013-- |
|
Russia Writes Off Part of Cuba's $30BN Debt
|
| The Russian government has approved a partial writeoff of Cuba’s $30 billion debt and secured new arms contracts.
|
| --22-02-2013-- |
|
Investing in Russia Big Mistake, Says Soros
|
| Investors should better stay away from the Russian economy, billionaire George Soros warned the world business leaders in Davos.
|
| --14-02-2013-- |
|
Magnit to Cut Power Costs
|
| Magnit, Russia’s biggest retailer in the number of stores and outreach, is changing its policy of power supply.
|
| --29-01-2013-- |
|
Sberbank Eyes Spot in Top-10 World Banks
|
| Sberbank is working on a new strategic blueprint that will propel it into the elite of the world banking institutions, with revenues up to $30-40 billion.
|
| --27-01-2013-- |
|
World Economic Forum: Russia's Challenges
|
| Russia needs to work hard to improve its governance standards and root out corruption, investors send a strong message to the government.
|
| --26-01-2013-- |
|
I Feel Good, say 61 Percent of Russians
|
| 61 percent of Russians think they are successful, according to a recent survey.
|
| --21-01-2013-- |
|
Russia's Foreign Debt Up
|
| Russia’s foreign debt is up 15.4 percent on last year’s figures, according to the country’s Central Bank.
|
| --14-01-2013-- |
|
Russia's Mortgage Market Up 45 Percent
|
| Russia's mortgage market expected to continue its growth in 2013, according to figures and experts.
|
| --03-01-2013-- |
|
4Q Slowdown To Continue in 2013
|
| The fourth quarter of 2012 is seeing a decade-low level of Industrial production in Russia, according to an official report.
|
| --23-12-2012-- |
|
$23 bln Investment Plan Mulled by Gazpromneft
|
| Gazpromneft has unveiled an ambitious investment programme in a bid to double its output by 2020. And these plans are realistic, experts say.
|
| --22-12-2012-- |
|
Russian Economy Slowing Down
|
| Russia's GDP growth of 3.7 percent is overestimated, say experts, as the real pace of economic recovering is going down.
|
| --13-12-2012-- |
|
Capital Outflow Continues
|
| $60 million withdrawn from Russia over the past week alone as part of a nine week negative trend.
|
| --07-12-2012-- |
|
Russia 67th in World Competitiveness Report
|
| Russia still falls behind in investment appeal, staying in the middle of the table and failing to make significant progress in many of the key areas.
|
| --06-09-2012-- |
|
SberBank of Russia Supports Small Businesses
|
| SberBank of Russia plans to open up to 10 support centres for small businesses in the capital, the Moscow Government announces.
|
| --23-03-2012-- |
|
Dagestan and Ingushetia to Receive 4 Trillion Rubles Towards Development
|
| By 2025 Russia is expected to have spent 4 trillion rubles to foster the social and economic development of North Caucasus regions.
|
| --26-07-2011-- |
|
The FIFA World Cup Will Cost Russia a Fortune
|
| The cost of holding the 2018 FIFA World Cup Championship is estimated at 632bln RUB - almost 4 times more than the initial forecast predicted.
|
| --22-07-2011-- |
|
Dmitry Medvedev: The Rising Euro Has the Future
|
| The British financial analysts may predict troubles for euro, but at the Moscow International Currency Exchange EUR was once again well ahead of USD.
|
| --22-07-2011-- |
|
Dry Law in Russian: Beer Equals Vodka - It's Alcohol
|
| Sad news for those who appreciate a good pint of lager: beer is now officially an alcoholic drink in Russia. It cannot be consumed in the street and can only be sold in small shops and supermarkets.
|
| --21-07-2011-- |
|
Dmitry Medvedev and Angela Merkel Discuss Libya, Eurozone, and Business Opportunities
|
| On July 19, the Russian President Dmitry Medvedev and the German Chancellor Angela Merkel have met in Hannover to discuss the Russian-German stance on the issues of collaborative business development and international involvement.
|
| --19-07-2011-- |
|
Volkswagen: In Russia We Trust
|
| Addressing the delegates of Petersburg Dialogue in Wolksburg, the Chairman of Volkswagen Group stated that the German automotive industry has a bright future in Russia.
|
| --18-07-2011-- |
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