Russia’s budget deficit may exceed 3% of the gross domestic product (GDP) in 2016, Prime Minister Dmitry Medvedev said after a government meeting. “The expected deficit this year will amount to more than 3%. It is higher than planned, naturally, we will do everything we can to keep the deficit in the framework of the…
Trade consequences of regional agreements may be adverse for countries not participating in them, department director of Russian Ministry of Economic Development Maxim Medvedkov said. In particular, Russia’s losses from Ukraine’s associations with the EU may climb to billion values, he added. “These effects are related to surging trade inside the region, sometimes prejudicing turnovers…
The Belgorod Region has approved of construction of one of Russia’s largest greenhouse project of the Greenhouse company owned by Arkady Abramovich, son of tycoon Roman Abramovich. The first, 5.93 billion ruble stage includes construction of 24 hectares of greenhouses until the end of 2017, which will allow the company to produce 19,300 tons of…
In January-June Russia increased cereal crops export volumes by 37.9% YoY to 13.484 million tons, the Federal State Statistics Service (Rosstat) reported. According to the announcement, in the reporting period wheat and meslin traditionally formed the basis of grain export supplies – 9.306 million tons, up by 68.6% YoY. Also, the exports of Russian corn…
Two Russian carriers have received a permission to operate flights to Azerbaijan on two routes from the new Zhukovsky International Airport in Moscow, said the website of Russian Federal Air Transport Agency (Rosaviatsia). The protocol of the interdepartmental commission on the admission of carriers to perform international transportation, posted on the website of Rosaviatsia said…
Russia’s communications ministry has worked out draft amendments to the connection law to ensure integrity, faultlessness and stability of local Internet, and the measures were discussed at a meeting on Thursday. A person familiar with the matter said the meeting was held by Deputy Communications Minister Alexei Sokolov and attended by presidential aide for the…
The Russian government will grant 48 billion rubles of guarantees to the military companies, which are fulfilling a state order, in 2016, according to a ruling published at the government’s web site for disclosure of legal information. The guarantees will be granted against loans raised by the Khrunichev State Research and Production Space Center, air…