Economy

Two main challenges for economic recovery in Russia

According to the forecast of the Ministry of Economic Development of the Russian Federation for 2021-2023, the recovery of the county’s economy may face two main challenges. The department called the recession in the global …

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Yandex to buy Tinkoff Bank

Russian technology company Yandex has negotiated acquisition of Tinkoff Bank with TCS Group, the parent company of the bank, TCS Group says in its statement at the London Stock Exchange. The transaction amount will be $5.48 bln or …

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Kazakhstan’s Trade House to open in Baku

Kazakhstan’s Trade House was registered in Azerbaijan, Director General of the Trade House, Azerbaijani businessman Rufat Rzayev said, according to Kazinform news agency. Among the goals of Kazakhstan’s Trade House is …

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Aeroflot announces start of share offering

Aeroflot Russian Airlines has officially announced the beginning of an offering of up to 1.7 billion new shares. "PJSC Aeroflot today announces the launch of a capital increase by placement of up to 1,700,000,000 new ordinary …

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TAP project almost 98% completed

The Trans Adriatic Pipeline (TAP), which envisages transportation of Azerbaijani gas to Europe, is 97.9 percent completed as of the end of August 2020, Trend reports referring to the TAP AG consortium. 'TAP is moving closer to …

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There's a lack of builders in Russia

Deputy Prime Minister of the Russian Federation Marat Khusnullin said that there's still a shortage of labor at construction sites in Russia.  This is due, among other reasons, the closure of borders due to the coronavirus and …

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