News
Russia’s manufacturing PMI index up to 54.4 points in May — S&P Global
"Output growth strengthened amid sustained and robust customer demand, which drove the upturn in new orders," the report said.
Business in Russia
Outbound tourist flow from Russia to gain 16.6% this summer — association
The highest tourist flow is expected this summer to Turkey, Abkhazia, the UAE, Egypt, and Thailand.
Business in Russia
Russia’s international reserves up $2.2 bln over week — Central Bank
Russia’s international reserves are highly liquid foreign assets available with the Bank of Russia and the Russian Government.
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Russia to promote reasonable protectionist policy
There is no objective to substitute all imported goods by Russian ones, Viktor Evtukhov noted.
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Russian banks receive $3.45 bln of profit in April — Bank of Russia
"At the same time, the return on capital increased to 24.5% from around 22%," the regulator said.
Business in Russia
Import duty on wines from NATO to become prohibitive if approved — customs
"Paying the duty and then carrying on with business, from an economic point of view, is possible only for very high-margin products," an official noted.
Business in Russia
More than 128 countries confirm participation in SPIEF 2024 — Roscongress
The St. Petersburg International Economic Forum will be held on June 5-8, 2024.
Business in Russia
Russia’s international reserves up $5.3 bln in one week to $603.7 bln — Central Bank
Russia’s international reserves are highly liquid foreign assets available with the Bank of Russia and the Russian government.
Business in Russia
Russia’s steel production down 5.7% in April to 6.2 mln tons — WSA
Steel production by Russia, Ukraine and other CIS countries totaled 7.4 mln tons in April, which is 3.5% lower than in the same period last year.
Business in Russia
Russia’s container market up 11.4% in January-April — Fesco
Meanwhile, in April the market gained 8% in annual terms to 574,000 TEU. Container shipments via the port of St. Petersburg remain the main growth factor, the transport group noted.
Business in Russia