News

Russia’s manufacturing PMI falls to 52.6 points in April
An index level greater than 50 points implies a rise in business activity, while a value less than 50 points suggests a slowdown.
Business in Russia
Russia to stop publicizing oil and gas production statistics until April 1, 2024
The publication of information is suspended, starting with data for March and the first quarter of 2023.
Business in Russia
Rating agency projects Russian banks’ net profit at up to $31.7 bln in 2023
In the first quarter of this year Russian banks already earned a total of 881 bln rubles ($10.7 bln) worth of net profit.
Business in Russia
Argentina sees possibility of BRICS membership after South African summit — ambassador
TASS learned from diplomatic sources in the South African capital that negotiations about the possible expansion of BRICS are to take place in the coming months.
Business in Russia
Just 120 out of 1,400 foreign companies left Russia — Kremlin
"Even those leaving are nevertheless negotiating possible conditions for the return under the table and do not burn bridges," Dmitry Peskov noted.
Business in Russia
Russian Cabinet to support modular hotels construction — Deputy PM
"In 2023-2024, the Russian government will allocate up to eight billion rubles to regions for these goals," Dmitry Chernyshenko said.
Business in Russia
Russia has enough proven coal reserves for 300 years — energy ministry
The domestic demand for coal is fully met in Russia, deputy minister added, noting that export is the driver of the sector’s development.
Business in Russia
Bank of Russia admits of interference in FX market in case of financial stability threat
It is noted that it is unreasonable to seriously amend the existing foreign currency restrictions now.
Business in Russia
Annual inflation in Russia down to 3.15% as of April 10 — Central Bank
It is noted that the rise in prices of consumer goods producer is gradually becoming stronger.
Business in Russia
EAEU-UAE talks on free trade zone creation to start shortly — Russian ministry
Russian Deputy Economic Development Minister Dmitry Volvach also noted the ongoing talks on the free trade zone creation with India and Egypt, the plans to shift to a full-fledged free trade zone agreement with Iran, as well as a decision made to start the negotiations on a similar agreement with Indonesia.
Business in Russia