News

Russia's GDP may grow by 4% by year end — Putin
According to the president, the results of the country's economic development will continue for some time.
Business in Russia
Sales of heavy trucks in Russia may fall by 23% yoy in 2025 to 85,000
Deputy General Director of the Russian truck producer Mikhail Matasov noted that the decline in sales can be caused by a decrease in demand for cargo transportation.
Business in Russia
Russia to implement its grain exchange, transport ideas in BRICS
Sergey Ryabkov noted that Russia also had ideas in the sphere of harmonizing operations of tax services.
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Russia extends higher duties on goods from unfriendly countries until 2025 year-end
Renewal of measures was caused by continued effect of sanctions of unfriendly countries against Russia, the Ministry of Economic Development noted.
Business in Russia
Analysts upgrade Russia’s key rate, inflation forecasts — Central Bank
Inflation outlook has been upgraded to 9.2% (+1.5 pp compared to October) for 2024, to 6% (+0.7 pp) for 2025, and to 4.5% (+0.4 pp) for 2026.
Business in Russia
Gazprom Neft boosts synthetic base oils production in 9M 2024
The base produced at the facility enables creating all types of engine, gearbox and industrial oils with high performance characteristics, including low pour point, high viscosity index and resistance to oxidation.
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Putin extends permission not to account votes of shareholders from unfriendly countries
The document covers joint stock companies operating in energy, machinery construction and trade sectors.
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Russia’s oil and gas budget revenues up 25.7% in 11M, non-oil and gas revenues gain 25.8%
The volume and trajectory of largest non-oil and gas tax revenues in January-November 2024 demonstrates a notable excess of dynamics factored into the budget law, according to the report.
Business in Russia
Partnership with BRICS to help Malaysia boost tourist flow — envoy to Russia
According to Cheong Loon Lai, countries are aiming to strengthen economic ties by joining BRICS as partners.
Business in Russia