#money

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

eBay Russia to Start Developing Businesses in 120 Countries

Starting this year, eBay Russia will be responsible for the company’s business development in 120 countries around the world, according to Ilya Kretov

Russian Weapon Orders from India Exceed $4 Billion in 2016

Indian orders for Russian military products in 2016 exceeded $4 billion, according to Sergey Goreslavsky

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

Russia to Hold Small Business ‘Road Show’ in China

Russia will organise a "road show" of Russia’s small and medium-sized businesses for Chinese investors

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

Russia’s Abrau-Durso Hoping to Sell Wine in UK’s Asda Supermarkets

Russian wine producer Abrau-Durso is planning to continue negotiations to sell wine through the United Kingdom’s Asda supermarket chain

Finding the Perfect Spot for a Coffee Shop in Moscow

Pro tips from Double B coffee shop founder Anna Tsfasman

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

Moscow Taxi Rides 30% Cheaper Than in 2014

The average cost of a taxi ride in Moscow has decreased by 30% over the past three years

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

McDonald's to Use Only Domestic Products in Russia by 2018

McDonald's plans to start using only domestically-produced ingredients in its Russian locations within the next two years

Value of Largest Russian Companies Increases by 58 Percent

The market capitalisation of the top one hundred most valuable Russian public companies had grown by 58% by the end of 2016 to $635 billion

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 Back on Investors' Radars

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

Moscow TsUM Store Launches Cashier-Less Checkout

Moscow’s TsUM (Central Universal Department Store) teamed up with Sberbank in the implementation of a new cashier-less way for customers to pay for their purchases

Russian Professional Gamers’ Monthly Earnings Exceed €20,000

The monthly earnings of professional gamers exceed €20,000, according to Anton Cherepennikov, a co-owner of e-sports holding ESforce