News

Russian-Chinese center for advanced technologies to be set up in Skolkovo.

Russia will provide Chinese high-tech enterprises with infrastructure, ensuring their cooperation with Russian scientific and research institutions.

Business in Russia
Russia’s budget deficit will not exceed 2% of GDP in 2017.

Russia’s non-oil and gas budget deficit for nine months of 2017 hit the lowest level in five years of 6.8% of GDP.

Business in Russia
Russia’s banking sector remains stable.
The reports says despite the failure of some large private banks in 2017, the overall performance of the banking sector has been stable.
Business in Russia
Russia-led free trade zone could include South Korea.

The start of a free trade area between South Korea and the Eurasian Economic Union (EAEU) is right around the corner.

Business in Russia
Russian cars returning to Cuba.

After a 12-year hiatus, Russia’s biggest automaker AvtoVAZ is returning to Cuba with its latest models. The country is one of the priority export markets in Latin America for the company.

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Key points of Russian 2018 budget.
The Russian State Duma has passed the bill on federal budget for 2018 and the planned period of 2019-2020.
Business in Russia
BRICS countries mulling formation of single gold trade system.

The regulator plans to take first steps towards formation of a single trade system with the People’s Republic of China in 2018.

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Sukhoi Civil Aircraft can make VIP version of MC-21 aircraft in 2022.

MC-21 is a new twin-engine short-to mid-range Russian jet airliner with a capacity of 150-212 passengers.

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New MC-21 jet: Russia’s first step on aircraft market.
The first client to get the plane will be Aeroflot, which plans to have 50 MC-21 jets in its fleet.
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Moscow, New Delhi Agree on Delivery of Hundreds of Helicopters to India.

Currently, a joint venture is underway which will assemble helicopters in India, which will be serviced there as well.

Business in Russia