#economy

Russia Delivers the First Multi-Purpose Ka-32 Helicopters to China

The "Vertolety Rossii" (Russian Helicopters) holding delivered the first batch of multi-purpose Ka-32A11VC helicopters to Chinese company Jiangsu Baoli

Food With Russian Residence

Last year, familiar goods to substitute everyday imported products that had fallen under the import embargo returned to supermarket shelves

Experts Note Record Growth of Business Activity in Russia’s Service Sector

The PMI Business activity index of Russia’s service sector reached 56.5 points in December, showing the highest growth rate since July 2016

Russian Manufacturing Reaches Five-Year High

Business activity in the Russian manufacturing sector has reached its highest level in the past 69 months

Russia Named Best Country for Investments in 2017

International investment banks called Russia the favourite of foreign portfolio investors for 2017

Forbes: Russian Economy Ready to ‘Be Back on Its Feet’

After years of economic recession caused by Western sanctions, Russia is ready to restart its economic growth, according to Forbes

Russian Exports to Switzerland Increase Fivefold

Shipments of Russian goods to Switzerland in November increased by a factor of 4.5 in comparison with November 2015, reaching 64 million Swiss francs ($62.2 million)

Russian Market ‘Stardom’

Citi called the Russian stock market’s growth in 2016 promising, and the possibility of a US presidential administration friendlier to Russia may cause further growth

Experts Predict Revival of Luxury Market in Russia

The Russian market for luxury goods may grow in 2017, according to Luxurydaily

Russia Spent 250 Billion Roubles on Industrial Import Substitution

Some 250 billion roubles ($4.04 billion) have been invested into the development of import-substitution production facilities over the past two years

Medvedev Discusses Most Important Outcomes of 2016

The main outcomes of 2016 were the preservation of macroeconomic stability and the fulfilment of social obligations, Dmitry Medvedev said

Russia Tops China in Emerging Markets Rankings

Russia finished second in Bank of America Merrill Lynch’s emerging markets rankings

Moscow’s Deputy Mayor Announces Investment Boom in Russia’s Capital

Deputy Moscow Mayor for Urban Development and Construction Marat Khusnullin said during a business forum in Moscow that there has been an investment boom in the capital

Auchan Planning to Invest Hundreds of Millions of Dollars Annually into Russian Market

French retailer Auchan intends to invest 20-30 billion roubles ($328.7-493.1 million) annually into the development of their business in Russia

Putin: ‘We Have Never Had Such a Level of Trust with China Before’

During an interview with Japanese media, Russian President Vladimir Putin noted that there has never been such a level of trust between Moscow and Beijing

German Businesses Bet on Russia

Western companies are actively investing in Russia despite sanctions

A Thaw in Russian Relations with Norway and Finland

Despite sanctions, Finland and Norway have decided to restore trade and economic relations with Russia

Russia to Supply 50,000 Tonnes of Grain to Venezuela

In January of next year, Russia and Venezuela will sign a contract whereby 30,000–50,000 tonnes of Russian grain are to be supplied to Venezuela

Erdogan Approves Turkish Stream Agreement with Russia

Turkish President Recep Tayyip Erdogan signed a law ratifying the agreement with Russia on the construction of the Turkish Stream gas pipeline

Moscow Circus to Help Build World’s Largest Circus in China

The Grand Moscow Circus will become a partner in the construction of the world’s largest circus in China

Sberbank to Test Islamic Banking Pilot Programme in Tatarstan

Sberbank bank is planning on opening transaction windows for Islamic banking in several Tatarstan locations, with Bashkortostan being another area of interest