News
Analysts expect Russia's GDP to grow by 2.2% in 2023 — Central Bank
The median inflation outlook for Russia this year has been raised to 6.3%.
Business in Russia
Volume of Russia’s National Wealth Fund as of September 1 reaches to $139.98 bln
Liquid assets of the Russian National Wealth Fund amounted to 7.251 trillion rubles as of September 1, or 4.8% of GDP projected for 2023.
Business in Russia
Trade turnover between Russia, China up 32% in January-August to $155 bln
In July-August, trade turnover between the two countries increased by 6.8%.
Business in Russia
Russia, Myanmar resume air flights after 30-year break
Myanmar becomes the 38th country with direct flights to Russia.
Business in Russia
Russia Services PMI growing to 57.6 points in August
It is noted that the latest data evidence a dramatic increase in the business activity in the Russian services sector.
Business in Russia
Russia’s manufacturing PMI index up to 52.7 points in Aug. from 52.1 points in July
The PMI value above 50 points is indicative of the business activity growth.
Business in Russia
Russia’s GDP up by 5% year-on-year in July 2023 — Economic Development Ministry
The ministry also drew attention to the growth in investment activity in the second quarter, which turned out to be significantly higher than expected and forecast estimates.
Business in Russia
EU set to import record-high volumes of Russian liquefied natural gas — Financial Times
It is noted that in value terms, China’s imports of energy resources from Russia jumped 21.9% over the same period to more than $2.98 mln.
Business in Russia
Authorities discussing fertilizer duty cut — sources
It is confirmed that the matter of lowering the rate to 7% is under discussion.
Business in Russia
Bank of Russia registers new money transfer system
It is noted that payments via Kwikpay can be made using a mobile app to thirty seven countries, including certain CIS, EU and Asian nations.
Business in Russia