#money

China Mulls Investing €1 Billion in Russian Forestry

Chinese investors plan bring in up to €1 billion in Russian forestry

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

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

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 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

Forbes Names Biggest Foreign Businesses Working in Russia

The French retail chain Auchan was rated as the highest-earning foreign company operating in Russia by the Russian-language version of Forbes

Russian Airline Among Top Three Low-Cost Carriers in Europe

Russian S7 Airlines was recognised as one of the best budget airlines in Europe, the Mirror newspaper reported Tuesday

Moscow Among Cheapest Cities for Tourists

TripAdvisor has published its annual TripIndex Cities report, which compares the cost of a trip across the 20 most popular tourist cities

Volvo May Open Factory in Russia

Volvo mulls localising the assembly of cars and the production of auto components in Russia

Revenues of Russian Theatres Leap 80% Within Five Years

Revenues of Russian theatres grew by almost 80% from 2011 to 2016, the Moskva news agency reported

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

Foreign Tourists in Russia Spend $12 Billion Annually

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