News

Russia's Fintech to discuss contracts with Visa and Mastercard in 2018.

The issue of concluding contracts with the companies may be considered next year.

Business in Russia
Russia plans selling 30 Sukhoi Super Jet -100 in coming year.
Sukhoi Superjet 100 (SSJ-100) is the Russian short-range passenger jet developed by Sukhoi Civil Aircraft (part of UAC) with participation of foreign companies.
Business in Russia
Siemens, Enka to build 495 MW power plant in Russia’s Tatarstan.

The main specific feature of the power plant is the possibility of working on syngas, a byproduct of petrochemicals production.

Business in Russia
Rosneft starts drilling exploration well on Black Sea shelf.

The resource base of the Zapadno-Chernomorsky Area is provisionally estimated at 600 mln tonnes of oil and 100 bln cubic meters of gas.

Business in Russia
Kaspersky Lab eyes stronger presence on Indian market.
The planned output is 6.5 billion cubic meters of gas a year for a period of 15 years.
Business in Russia
Russian airlines carry record 97.5 mln passengers year-to-date.

Russian air carriers are expected to carry up to 105 mln passengers by the end of the year, according to Russia’s Federal Air Transport Agency.

Business in Russia
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