Support The Moscow Times!
Arts and Life
Mothers & Daughters
Arts and Life
Support The Moscow Times!
Articles by bne IntelliNews
In The Money
Russia’s Current Account Sees Bumper Surplus in First Half
A large trade surplus and an increase in foreign direct investment account for the surplus.
end of partnership
Sberbank and Yandex E-Commerce Joint Venture May End in Divorce
The state-owned bank and leading tech company are unhappy after just one year.
Russian Car Market Keeps Declining in June, No Growth Seen in 2019
Recent reports also claimed that Russian car market could be shrinking faster than industry data suggests.
Key Productivity Indicators
Russia's Government Prepares New KPI for SEO Managers
The changes seek tougher control over the implementation of President Vladimir Putin's May Decrees.
Ukraine Takes 'World’s Largest Grain Exporter' Title From Russia
Thanks to a bumper 70 million tons of grain harvest, Ukraine was able to push exports up to just shy of its official target.
Russian Oligarch Sells Stake in Shoe Retailer
The buyer of shares in Obuv Rossii has not been named, nor the value of the deal disclosed.
Russia’s Fixed Investments Decline in Annual Terms for Fourth Month in a Row
At the end of May 2019, only 20 percent of the spending planned for more than half of Russia's national projects had been executed.
Russia and Saudi Arabia Agree to Prolong OPEC+ Deal for at Least 6 Months
The decision has put Russia in the driver's seat in the 25-country coalition.
Russian Government to Support Local Car Market
The “First Car, Family Car” program will subsidize leases and loans.
Russian Media Group Rambler Considers Selling Shares
The listing is planned in two to three years.
Russia's Economy Shows Signs of Recovery in May
Official statistics indicate that retail sales are increasing.
Fitch Cuts Its Russia Growth Forecast for 2019 to 1.2%
The cut follows similar action from the World Bank and was prompted by weak first quarter economic performance.
Grain is the new oil
China Eyes Russian Grain Terminal
Sino-Russian ties are deepening as China is ramping up its investment in Russian agriculture.
Russian Foreign Currency and Gold Reserves Hit $500Bln
Reserves are at their highest level since 2014.
Central Bank of Russia Worries About Housing Bubble
Mortgage lending is booming.
Moscow Luxury Apartment Prices Rising at World’s Second-Fastest Rate
The top end of the market is recovering after a five-year depression.
Russia Raises $2Bln for Investment in Artificial Intelligence
A state fund has tapped foreign investors to support domestic tech companies.
Putin Signs Off on Extension of Capital Amnesty
The special declarations are designed to promote Russian domestic offshore zones.
Russia’s Yandex.Market Teams Up With China’s JD.com
The e-commerce deal will strengthen Yandex.Market’s cross-border exposure.
Rainy day fund
IMF Advises Russia Not to Spend Its National Welfare Fund
Reserves have reached almost $500 billion.
Russian Regional Court Rules Against Detained Investor Calvey
A court in Amur has ordered the Baring Vostok fund to sell its stake in disputed Vostochny bank.
Russia and Ukraine Vie for Title of Top Grain Exporter
Both are forecast to export almost 50 million metric tons this year.
credit bubble concerns
Russian Consumer Loans Ballooning Despite Central Bank Attempts to Cool Market
People are tired of the ascetic lifestyle.
Russia on Track to Remain World’s Biggest Grain Exporter
A solid harvest would minimize inflationary pressure.
Oil and gas
Russian Oil Production Fell in April, While Gas Output Rose
Crude output is being driven by production cuts at integrated oil companies under the OPEC+ agreement.
Russian Watchdog Warns State’s Role in Economy is Growing
The new trends are evident at both federal and regional levels.
Steel Tycoon Mordashov Completes Acquisition of Supermarket Chain Lenta
Lenta minority shareholders had preferred a bid from rival retailer Magnit.
Russian Automaker AvtoVaz Makes First Profit in a Decade
Russians have rejected expensive foreign brands and returned to buying cheap locally made cars.
Purchasing managers' index
Conditions for Russian Manufacturers Improve in April
Production and client demand are growing.
Russian Reserves Hit Highest Level Since 2014
The figure is fast approaching $500 billion.
Russia’s Biggest Grain Freight Transporter Postpones Share Sale
RusTransCom was planning to list on the London Stock Exchange.
Russian Fast Food Operator Burger Rus Plans Share Sale
The company runs the Burger King chain in Russia.
Russia’s Central Bank Could Cut Rates Again, Analysts Say
Inflation has been lower than expected.
Russians’ Disposable Incomes Are Falling
Quality of life is deteriorating for ordinary people.
Russia’s Sberbank Eyes Media Group Rambler
Sberbank has also registered a trademark that would make it a one-stop shop.
Russia’s Latest Bond Auction Sets New Record
Demand for treasury bills is a barometer of foreign investors’ sentiment toward Russia.
EU Gas Directive Approval Could Delay Russian-Led Nord Stream 2 Pipeline
New rules will force Gazprom to hand over operation of the line.
German Investments in Russia Hit 10-Year High
Companies invested over €3Bln in 2018.
Yandex Has The Right to Sell its Stake in Joint Venture With Uber
Uber is preparing to sell shares to the public for as much as $100 billion.
Click and collect
Growth of Russian Online Retailer Wildberries Soars
Russians are doing more online shopping.
Russia’s HeadHunter Prepares to Sell Shares to Public
Recruitment site is aiming to raise $250 million.
Mobile Operator Considers Buying ‘Russian Netflix’
MTS is eyeing ivi.ru.
Russian Internet Companies Account for Growing Share of GDP
The internet economy zone is growing faster than any other sphere.
Russia’s Direct Investment Fund Plans Internet Projects in Turkey With Yandex
A Russo-Turkish investment fund has been created.
Russia’s Gold Reserves Hit Five-Year High
The Central Bank of Russia is boosting gold reserves and cutting the dollar share of its holdings.
Car Sales Recover in Russia in March After Stalling in February
Automakers are trying hard to attract new customers.
Russia's Polyus Gold Prepares to Sell 3.5% Stake for $400M
Russia’s equity market is slowly coming back to life.
Russia's Online Exports Could Reach $10bn in Seven Years
In 2018 online exports of Russian goods increased by 36 percent.