The financial crisis that sent shockwaves through Russia in 2014 and lasted for around two years begun to subside last year. Today, Russia’s economy is stabilising, and as a result, the country is becoming increasingly attractive for foreign businesses.
Nesterov Aviation, an authorised representative of Swiss aircraft manufacturer Pilatus Aircraft in Russia, has picked the first maintenance centre in the country to be approved to service PC-12 turboprops.
Russian energy major Rosneft is increasingly challenging domestic rival Gazprom in international gas markets, from West Africa to Turkey and even Europe, according to five industry sources with knowledge of the matter.
The Russian auto industry signs an agreement aimed at creating fair, open and aboveboard rules of competition in the new-car-sales market.
Michelin says it exports around 30% of its production from Russia, as the tyre supplier also looks to build on its domestic presence in the country, including many premium brands.
Russia imported almost 67,000 finished vehicles during the first quarter 2018, up by just under 50% compared to the same period last year, according to a statement from the country’s Federal Customs Service.
After the United States’ pullout from the nuclear deal, Russia could fill the gap on the Iranian market and acquire lucrative orders for new commercial airplanes from Iranian airlines.
The Russian government is to review the bill concerning value-added tax (VAT) commitments for companies involved in the country’s civil aerospace industry, Oleg Bocharov vice-minister for Industry and Trade has declared.
Lors du Forum économique d’Astana, les autorités iraniennes ont conclu un accord provisoire avec l’Union économique eurasiatique ayant pour but de constituer une zone de libre-échange.
Russian business lobby groups voiced opposition on Wednesday to a draft law that would make it a crime to comply with sanctions imposed by the United States or other countries.