Russian consumers are shifting to a new economic reality, says BCG


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.

Feed production output set to expand in Russia


Leading Russian feed manufacturers have recently announced production capacity improvement projects while the Russian government has pledged support for the development of the feed sector.

Russia’s first authorised maintenance centre for Pilatus Aircraft


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 Giants — Gazprom and Rosneft — Clash in International Gas Markets


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.

Russian Auto Dealers, European Automakers Sign Pact


The Russian auto industry signs an agreement aimed at creating fair, open and aboveboard rules of competition in the new-car-sales market.

Michelin Russia builds on export and premium production


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.

Vehicle imports to Russia increase in the first quarter


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.

Iran Offers A Unique Opportunity For Russian Aerospace Industry


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.

Which professionals are in high demand in Russia


If you’re an expert in IT or agriculture, then you have a good chance at finding work in Russia.

Russian aircraft manufacturers may be exempted from VAT


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.

L’Iran signe un accord d’envergure avec la Russie et ses voisins


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.

Businesses warn Russia Don’t make it a crime to comply with U.S. sanctions


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.