#money

Forbes Names Russia’s Most Trustworthy Banks

The top three spots were taken by Sberbank, UniCredit and Rosbank

Moscow Climbs 15 Places in Ranking of World’s Most Expensive Cities

Moscow is the 98th most expensive city in the world to live in, according to the Worldwide Cost of Living 2017 study

Russia and India Plan to Establish a $1 Billion Investment Fund

Denis Manturov, the Head of the Ministry of Industry and Trade of Russia said that Russia and India are negotiating on establishing new $1 billion fund

Vietnamese Business to Invest Additional $1.7 Billion in Russian Dairy

Vietnamese dairy company TH True Milk intends to invest $1.7 billion in dairy farming and the cultivation of fruit and medicinal plants in Russia’s Far East

Russia Named Best Country for Investments in 2017

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

Make Way for WayRay

WayRay, Swiss-based Russian startup and the developer of an innovative navigation system, receives $18-million investment

MasterCard: Russia Has Fourth Most Female Entrepreneurs

According to the MasterCard Index of Female Entrepreneurs, 32.6% of business owners in Russia are women, placing the country fourth overall in the world

Investments in Moscow Exceed $28 Billion in 2016

Mayor of Moscow Sergei Sobyanin said that investments in the city's economy and industry exceeded 1.7 trillion roubles ($28.74 billion) in 2016

Russian Company to Build Spaceport for Papua New Guinea

A Russian company has agreed to build a spaceport for Papua New Guinea

Russia's New Two Hundred-Rouble Banknotes to Be Made From Durable Paper

The new 200-rouble ($3.46) banknotes will be made from durable paper in order to extend their longevity

Forbes Names Most Expensive Russian Internet Company

Yandex took first place in a ranking of the most expensive Russian Internet companies

Russian Mobile Phone Tariffs Cheapest in Europe

Basic tariffs offered by mobile operators in Russia are much cheaper than similar tariffs in Europe and over one-and-a-half times cheaper than those offered in Indonesia

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