Residential real estate in Russia has been most expensive in tourist-attractive urban centers in the last year, but the profitability of real estate investments as a whole is declining due […]
Economy
Trending topics and news from the Economy category
Back to news homeReshetnikov: Russian Economy Has Ability to Recover Further
The Russian economy has “recovered” after the new coronavirus epidemic, but its recovery potential has not yet been exhausted, said Economic Development Minister Maxim Reshetnikov, according to TASS. He was […]
Almost Half of Russians Are Ready to Work Remotely in Another City
According to a Raiffeisenbank study, almost half of Russians (45 percent of respondents) consider working remotely in another location while searching for a suitable job (the results are available to […]
‘Thin file’ loans startup Koyo closes $50M Series A led by Force Over Mass
Koyo, a fintech startup using open banking to offer loans to people with poor credit histories, has closed a Series A funding round of $50m in debt and equity led […]
Gas Prices Surge to Fresh 7-Year High
The American Automobile Association said it expects gas prices to remain elevated at least through the beginning of August. Read More
Russian Currency Is on An Upward Trend
Analysts predict that Russia’s currency ruble, which often falls in August owing to the vacation season and falling oil prices, will strengthen against the dollar this month. The Russian Central […]
24 Russians among 500 Richest People in the World
According to the Bloomberg Billionaires Index, twenty-four Russians are among the top 500 wealthiest people in the world. Alexei Mardashov, the owner of Severstal steelmaker, has gained $6.14 billion to […]
The Emerging Market Grind: How ‘Doing More With Less’ Leads To More Resilient, Scalable Startups
By Sebastián Vidal A recent Financial Times article celebrates the flexible thinking of Indian businesses in the COVID-19 pandemic, as those companies have reacted in real time to the latest […]
VTB Selling Majority Share in Rustranscom
Image credit: EPA Two sources stated that VTB will sell its majority share in Rustranscom, a major grain train owner in Russia, to Demetra Holding, a firm that the Russian bank already owns. VTB […]
Magnit to Expand with New Ready-to-Eat Products
Magnit, one of Russia’s major food merchants, announced on Friday that it has introduced a line of ready-to-eat items at select stores and that it plans to expand the idea […]