News

Russia’s 2023 opening quarter import volume figures higher compared to previous year
"If compared to the first quarter of last year, our overall results are not worse [this year]," Ruslan Davydov said.
Business in Russia
Russia boosts greenhouse vegetable production YTD — ministry
Since the start of the year, 517,100 metric tons of vegetables and other crops have been grown in protected ground.
Business in Russia
Russia’s registered unemployment rate falls from 0.9% to 0.7% over year
According to Rosstat, the average wage in the Russian Federation in February 2023 is 65,904 rubles.
Business in Russia
EU mulls restricting transit of goods through Russia
Measures "targeting vessels that switch off navigation systems" are also being considered.
Business in Russia
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