On June 7, 2018, the Bank of Russia expert team prepared a report addressing major changes in the
According to the Bank of Russia’s Research and Forecasting Department’s bulletin Talking Tren
The draft guidelines for the development of the Russian financial market in the years 2019 to 202
The first quarter of 2018 saw further recovery of corporate and retail lending in Russia, which a
In line with the draft amendments to the Bank of Russia’s Instruction on Required Ratios released
According to preliminary Ministry of Finance estimates, the budget deficit from January t
The Russian Central Bank said that modest GDP gains are attributed to low investment grow
Budget revenue reached 14.99 trillion rubles, some 1.5 trillion rubles more than initiall
According to estimates from the Ministry of Finance, a quarter to a third of wages are in
The Bank of Russia cut its key rate by 50 basis points to 7.75 percent.
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Aviation
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In a dramatic turn of events, the Russian new car market faced a sharp decline of 62.6% in 2022, plummeting to a market value of $21.9 billion and
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The Russian automotive manufacturing industry faced a significant downturn in 2022, with market values plummeting by 52.4% to $13.1 billion and pro
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The Russian airline industry experienced a significant downturn in 2022, with a market value decrease of 56.7% to $10,547 million, attributed to th
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TSAT Rostec announced on March 4, 2024, the impending deployment of a cutting-edge domestic 3D printer designed to manufacture heat-resistant compo
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The United Engine Corporation’s UEC-Saturn on February 26, 2024, initiated a new application round for the Wings of Rostec, aiming to nurture futur
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The Salyut production complex of the Rostec United Engine Corporation in Moscow is set to double its training intake in 2024, welcoming over 1,000
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Despite Western automakers exiting Russia due to economic sanctions related to the 2022 invasion of Ukraine, a ‘parallel import’ scheme initiated b
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Mercedes-Benz Group has completed the sale of its shares in Kamaz, the leading Russian truck manufacturer based in Naberezhnye Chelny, known for pr
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Rostec’s Obninsk Research and Production Enterprise “Technology” has initiated the serial production of domestically produced cockpit glazing for t
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In a significant shift in the automotive market, Chinese brands emerged as leaders in new car sales in Russia throughout 2023, according to data fr