Russia

Russian economy is on the way to stable growth - Christine Lagarde

Russian economy is on the way to stable growth

The managing director of the International Monetary Fund (IMF) Christine Lagarde said Russia has done a good job maintaining macroeconomic stability given declining crude prices.

“Against the backdrop of falling oil prices, Russia had proceeded to, or would precede, she hopes, on the track of sustainable growth,” Russian Deputy Minister of Economic Development Stanislav Voskresensky quoted Lagarde after the APEC leaders’ meeting with the IMF managing director.

Russian economy returns to growth

Russian economy returns to growth

After a deep decline, Western companies start increasing investments in Russia, according to Bloomberg.

World famous corporations such as Ikea and Leroy Merlin invest billions of dollars into factories and outlets they plan to built in Russia. Earlier this year Ikea already opened a factory in Nizhny Novgorod investing 60 million dollars.

Washing machines making clean work of Russian exports

Washing machines making clean work of Russian exports
A weak ruble and cheap labor have made Russia one of the world’s biggest exporters of washing machines, according to the Russian export center. In the past principal buyers were ex-Soviet neighbors, exports have now shifted to the West.
"Globally, Russia is part of a group of large exporters of washing machines and ranked eighth, ahead of Spain, the US and South Korea," said a report from the Russian export center, quoted by Lenta.ru.

Norway resumes trade talks with Russia after 2-year break

Norway resumes trade talks with Russia after 2-year break

Sergey Donskoy, Minister of Natural Resourses of Russia and Monica Meland, Minister of Trade of Norway, during yesterday meeting in Oslo discussed the resuming of trade and economic cooperation. «We have a positive attitude to the resuming of the political dialogue in trade and economic cooperation with Russia", - said Ms. Meland. «Several EU countries have also renewed a similar dialogue with Russia, - she added. 

Pfizer in the russian industrial park

US pharma giant Pfizer and NovaMedica, a company created by Russian investment fund Rusnano and 

American venture health care fund, entered into the agreement to cooperate and develop new partnership for providing new medicine to the Russian market

A construction of a new manufacturing plant for NovaMedica company plans to be built in industrial park Vorsino, Kaluga region.

Photo 

German Auto Group Daimler will build a factory in industrial park of Russia

German Auto Group Daimler will build a factory in industrial park of Russia

German Auto Group Daimler may invest at least 300 million euros in construction of the plant of premium class SUV in Moscow region, Minister of Industry and Trade Denis Manturov informed.

Most likely, Daimler plant will be built in one of the new industrial parks of Moscow region.

The number of cars to be produced by Daimler plant a year is 25-30 thousand per year. This is premium segment, and precisely, premium SUVs. Daimler investment in Russia is 300 million euros.

German business invests in Russia almost 3 billion euros

German business invests in Russia almost 3 billion euros

Group of companies "German Initiative" is ready to invest in construction of high-speed Russian line (HSL) Moscow - Kazan about € 2.7 billion.

This was told by first vice-president of Russian Railways Alexander Misharin.

Hungary intends to work with Russia

The personal interest in joint projects, announced the Ambassador of Extraordinary and Plenipotentiary of Hungary in Russia.

Extraordinary and Plenipotentiary Ambassador of Hungary in Russian Federation, Janos Balla visited the Voronezh region of Russia.

During the conversation with the governor of the region Alexei Gordeev diplomat said that Hungarian companies are willing to cooperate with the region in agricultural and industrial sectors.

Japan will establish the national office of Tourism in Russian Federation

Japan creates a national office of Tourism in Russia.

Japanese tourist representative office shall be opened in January 2017 in Moscow, said Valentin Shestak, deputy director of London office of the National Tourism Organization Japan.

Representive office will promote Japan in Russia and assist tourists.

Photo/Sputnik/Odinokov

Boeing will open a new training center on the territory of Russia

Boeing will open a new training center on the territory of Russia

During the briefing held today, "The outcome of the working visit the delegation of Tatarstan Republic in the United States," it became known that in Innopolis * the work began on the creation of a training center the Boeing corporation.

Visit the Tatarstan delegation of the American corporation Boeing was held ealier.

During the briefing it was noted that Boeing has already a pilot training center in Technopark "Skolkovo", but the lack of personnel is still felt.