#money

More Than $20 Billion Invested in Russia’s Far East

According to Alexander Galushka, head of the Ministry for the Development of the Russian Far East, investments in the region have reached 1.325 trillion roubles ($21.95 billion)

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

Moscow to Spend About $50 Million on New Year Celebrations

RBC added up government procurement figures and discovered that the Government of Moscow is planning to spend at least three billion roubles ($49.1 million) on celebrations

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

Serbia to Buy Russian MiG-29 Fighter Jets

Serbia plans to strengthen its armed forces with six Russian MiG-29 fighter jets

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

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

Russia to Offer VIP Shopping Tours to Chinese Travellers

VIP shopping tours will be offered to prospective travellers in Beijing and Shanghai this December

MasterCard Testing Selfie Payments in Russia

MasterCard is testing a payment service that uses selfie authentication in Russia

Saudi Prince, Jay-Z Invest $105 Million in Russian Startup

A Florida-based startup has raised $105 million from the rapper Jay-Z and a Saudi prince

Emergency Situations Minister: Russia Gave $250Mln in Aid Over Three Years

Russia has given a total of $250 million in humanitarian aid abroad over the past three years

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

Japanese Banks, JP Morgan to Give Gazprom €800 Million Loan

Mizuho Bank, the Sumitomo Mitsui Banking Corporation and J.P. Morgan will give Gazprom a four-year loan worth €800 million

German Businesses Bet on Russia

Western companies are actively investing in Russia despite sanctions

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

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

Putin Orders Plan to Boost Economic Growth Through 2025

Putin has ordered to create a plan that would bring the growth rate of Russia’s economy to levels exceeding global growth by 2019-2020

Mark Mobius Calls for Investment in Russia

Mark Mobius, executive chairman of the Templeton Emerging Markets Group believes that investors should look to Russia, China, India and Brazil