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Interests of producers in aviation more important than interests of carriers, says Putin
Development of the civil aviation in the country was largely built on the military aviation basis in the past, Putin noted.
Business in Russia
Russia’s GDP decline may be 4-5% in 2020
The GDP forecast for next year will be adjusted for the worse.
Business in Russia
Recovery of tourism industry to require two years at least, says expert
Following the pandemic restrictions on air service, ten countries have been opened for Russians so far.
Business in Russia
Russia, Malta signed a protocol to revise tax agreement
Russia plans to sign the next revised taxed agreement with Luxembourgm Russia’s Deputy Finance Minister Alexei Sazanov said.
Business in Russia
Mass vaccination against coronavirus to start in Russia in late October, expert says
Mass vaccination will begin as soon as the third phase is over, Fyodor Lisitsyn said.
Business in Russia
Moscow-St. Petersburg high-speed railway line construction to start in 2021
The project may be complete in 2027, according to First Deputy Transport Minister Innokenty Alafinov.
Business in Russia
Decline of global GDP will be 4-4.5% in 2020 - Economic Development Ministry
According to the forecast, persisting restrictions aimed at combating the spread of coronavirus in a significant number of countries restrain the growth of the economies of their trading partners.
Business in Russia
Energy sector recovery will take long time, says Russian energy minister
Alexander Novak stressed that as a driving force of the global economy the energy sector should be an outrider in terms of effective crisis overcoming and subsequent recovery.
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Russian Banks’ Gold Reserves Hit Record High
Lenders’ holdings of precious metals now worth $7.5 billion.
Business in Russia
Increase of excess income tax rates is justified step, says Putin
The fiscal burden on excess income, in resource sectors primarily, has increased.
Business in Russia