#economy

Demand for Business Travel to Russia Increases by 60%

The number of invitations issued for business visas to Russia increased by almost 60% in 2016 compared to 2015

Russia Again World’s Leading Oil Producer

Russia’s oil production surpassed Saudi Arabia’s in December 2016, although both countries’ overall output fell during that period

Russia to Start Shipping Poultry Products to Egypt

Russia received permission to export poultry products to Egypt

Foreign Tourists in Russia Spend $12 Billion Annually

The Russian Federal Agency for Tourism, or Rostourism, calculated how much foreign tourists spend

Russia’s Non-Resource Exports Increase to Almost 40%

The share of non-resource, non-energy exports from Russia rose to 38.2% last year, according to RNS, citing data from the Russian Export Centre

Bloomberg Predicts Russian Economic Growth in 2017

Russia's GDP will grow by 1.1% this year and by another 1.5% the year after, according to a survey of analysts conducted by Bloomberg

Bloomberg: Russia and Brazil Most Profitable Emerging Markets for Investment

Investors and analysts interviewed by Bloomberg have called Russia and Brazil the best choices for investment among developing countries

Russian Ambassador in US: Economic Relationship Between Two Countries to Improve

"There is life beyond sanctions. We see that many US companies working with us feel comfortable and don't intend to change their strategy," Kislyak said.

Wonderful Future ‘Inevitable’ for Russia, Says Mr. Putin

Russian President Vladimir Putin expressed confidence that Russia is going to have a bright future

Russia Prepares Ten Projects for US Investors

The Russian Direct Investment Fund, or RDIF, has prepared ten projects in agriculture, road construction, logistics and other economic sectors for US investors

Russia Produces Extra $4 Billion of Agricultural Goods as Part of Import Substitution Effort

Russia has produced $4 billion of additional agricultural goods as part of its import substitution programme, according to Deputy Minister of Agriculture

RDIF Positive Russia’s Economy Will See Growth in 2017

Russia's economy is predicted to bounce back in the first quarter of this year

Growth of Business Activity in Russia’s Service Sector Hits Eight-Year High

The IHS Markit Russia Services Business Activity Index rose to an eight-and-a-half-year high of 58.4 in January

Russia's Sberbank Outperforms Goldman Sachs’ Brand Valuation

Sberbank outperformed Goldman Sachs’ brand value in the Brand Finance Banking 500, according to the bank. Sberbank’s brand value grew by 33% in 2016, reaching $9.1 billion

Russia Becomes World Leader in Sugar Beet Production

Russia became the world leader in sugar beet production in 2016, overtaking France, the US and Germany, according to Minister of Agriculture Alexander Tkachev

Tourist Shoppers Spend More Than $160 a Day in Moscow

Tourists who come to Moscow to shop spend an average of about 10,000 roubles ($166.80) a day, according to Nikolay Gulyaev, head of Moscow’s Department of Sport and Tourism

Moscow Region Attracted $11.6 Billion in Investments in 2016

The economy of the Moscow region attracted 700 billion roubles ($11.6 billion) in investments during 2016, according to Andrey Vorobyev, governor of the Moscow region

Russia One of Top Instant Coffee Exporters to Germany

Russia provided five precent of German imports of instant coffee this past autumn

Russia Back on Investors' Radars

International investors are once again interested in Russia due to its economic recovery

Qatar Investment Authority to Produce Oil in Russia

The Qatar Investment Authority, or QIA, will produce oil in Russia

Alexander Chichkin: From Sailor’s Son to Milk King

The story of a millionaire who survived the Russian Revolution

Russian Banks’ Profit Grows by One Trillion Roubles

Russian banks earned 930 billion roubles ($15.7 billion) in 2016, a 480% increase from 2015’s profits of 192 billion roubles ($3.24 billion)