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Import substitution critical for machine tool industry
"It is not easy to do in the machine tool industry within a short period but restoring competencies in machine tool engineering is a critical task," Mikhail Mishustin stressed.
Business in Russia
RusHydro accounts for 16% of total Russian generating capacity
Viktor Khmarin reported current activities of RusHydro and its financial results to the president.
Business in Russia
Russia’s flour exports can be halved in 2024/2025 agricultural year
According to the presentation, flour exports from Russia at the end of the 2023/2024 agricultural year amounted to 1.1 million tons.
Business in Russia
Inflation in Russia slows down to 0.11% on July 9-15 — Rosstat
In the previous week inflation in the country equaled 0.27%.
Business in Russia
Russian treasury's revenues from foreign firms to surpass forecast 2.5-fold
Foreign investors actively leaving the Russian market may be behind such an adjustment, Finam Strategy Director Yaroslav Kabakov believes.
Business in Russia
Trade between Russia and Africa may double by 2030 to $50-60 bln
Vladimir Ilyichev stressed that Russia is systematically strengthening trade ties with the African and Middle Eastern regions.
Business in Russia
Trade between EAEU countries grows by 9.5% in January-April
Russia’s Deputy Minister of Economic Development Dmitry Volvach noted that the share of partners from CIS countries in Russia's foreign trade is growing.
Business in Russia
Russia works on refocusing fish exports, updating industry — Kremlin
Presidential Aide Nikolay Patrushev, who is in charge of national maritime policy, noted that "the fishing industry, which is one of the key sectors of the Russian economy, is entering a period of large-scale modernization".
Business in Russia
Inflation in Russia slows down to 0.27% on July 2-8
At the same time, annual inflation in Russia in June 2024 accelerated to 8.59% against 8.3% in May.
Business in Russia
Processing sector of Russian industry gains 9% in five months — PM
The positive trend is observed across almost all lines of the industry, Mikhail Mishustin noted.
Business in Russia