Russian citizens are increasingly saving on food and switching to purchases in hard discounters due to the “economic context,” said Ekaterina Lobacheva, president of the X5 Group, the country’s largest retailer, which unites more than 27 thousand stores in all regions, in an interview with “Kommersant”. “In 2025, the growth of consumption slowed down. Previously,…
The cost of delivering containers with cargo from China to Russia and to Europe has differed several times over since October, analysts at the Gazprombank Economic Forecasting Center (CEP) noted. By mid-December, the container index of the Price Research Center (PRC) amounted to $6159, and delivering a container from the East to Rotterdam would cost…
The volume of non-payments by state-owned companies to Russian businesses in 2025 has soared by approximately 2.7 times in annual terms, writes “Vedomosti” with reference to the SME Corporation. We are talking about contracts concluded within the framework of public procurement (223-FZ). “If in 2024 there were 200 appeals for a total amount of 1.5…
As of the end of the high season of 2016, International Airport Irkutsk provided services to 1.24 million passengers. According to the company’s press service, the passenger flow during the holidays reached ca. 600 thousand. The number of international flights reached 141.1 thousand, up by 13% YoY. Irkutsk is connected by direct flights with 10…
Internal risks are the key for the Russian economy, but foreign risks exist as well, the Central Bank’s Chairwoman Elvira Nabiullina said. “Internal risks for the Russian economy are still the key, I believe. Nevertheless, foreign risks exist as well, and Anton Siluanov has already defined them as “uncertainty”. Uncertainty in dynamics of global growth…
Russian national flag carrier Aeroflot may sell its largest affiliate Rossiya Airlines. Aeroflot owns 75% minus one share in the affiliate, while the rest is owned by the government of St. Petersburg. Deputy Prime Minister Arkady Dvorkovich ordered the Transport Ministry to prepare suggestions for the possibility of Aeroflot selling Rossiya Airlines. The Economic Development…
The Russian communications service has suggested implementing special software for subscriber devices to identify users of Wi-Fi networks of Internet access and insists on administrative responsibility for individuals-owners of such networks. The Federal Service for Supervision of Communications, Information Technology, and Mass Media checked more than 18,000 public hotspots across the country and found out…