Since 2000, GDP rose by 75 percent, President Putin said during his annual press conferen
According to Economic Development Minister, the Ministry’s own labor productivity stands
Spending from the fund for the year will stand at 1.5 trillion rubles, the minister said
Investment activity growth slowed considerably in the third quarter and is likely to go f
In the second quarter of 2017, the Russian economy increased in size by 2.5 percent in annual ter
The passage of U.S.
On September 15, 2017, S&P Global Ratings affirmed its “BB+/B” long-term and short-term forei
The value of goods imported into Russia from foreign countries in the seven months from January t
On September 22, 2017, Fitch revised its outlook on Russia’s long-term foreign- and local-currenc
The Russian ruble has remained one of the strongest world currencies for the last one-year period
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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 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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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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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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Rostec’s Obninsk Research and Production Enterprise “Technology” has initiated the serial production of domestically produced cockpit glazing for t
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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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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