Russia's Ozon online retailer launches express delivery

bne IntelliNews October 18, 2019

Russian e-commerce major Ozon launched a new express delivery “Supermarket” service that will deliver food and grocery in under 40-60 minutes in some Moscow districts, Vedomosti daily reported on October 17 citing the representatives of the company.

New players pour $2bn into Russian crab auctions

bne IntelliNews October 18, 2019

Russian authorities have held auctions for crab fishing quotas, raising RUB99.5bn ($1.5bn) for the auctions in the North basin and RUB42.8bn for the Far East basin.

Driverless cars of Russian Yandex hit 1mn miles mileage mark

bne IntelliNews October 18, 2019

Driverless vehicles developed by Russian internet major Yandex have hit 1mn miles of test drive mileage in Russia, the US, and Israel, the company announced on October 17, and confirming previous reports by bne IntelliNews.

Putin's trust rating slips again but popularity remains high

Ben Aris in Berlin October 18, 2019

The Russian leader's "trust rating" has fallen again. It was down to 39% in September from 40% in June, after a summer of violent protests over the Moscow City election that saw unprecedented police brutality, says the Levada Center.

Aeroflot's lowcoster Pobeda, fastest growing but could hike prices on flights to Russia

Vadim Dumes in Paris October 17, 2019

Russia’s budget Pobeda airline, a subsidiary of Russian national air carrier Aeroflot, is the fastest growing airline in Europe and wants to boost prices for flights to Russia, Vedomosti daily reported.

IMF inches Russian GDP forecast down to 1.1% in 2019

bne IntelliNews October 17, 2019

The International Monetary Fund (IMF) cut Russia’s growth forecast for the third time this year to 1.1% from the previous 1.6%, the fund said in its latest World Economic Outlook update for October 2019. The GDP growth is expected to recover to 1.9%

Russian businesses’ lack of trust in government holding back crucial investment says finance minister Siluanov

Ben Aris in Berlin October 15, 2019

Underinvestment is putting a brake on Russia’s growth, but the problem’s not a lack of cash, it’s Russian business people not trusting the government, according to Finance Minister Anton Siluanov.

Samolet residential real estate business is flying

Ben Aris in Berlin October 15, 2019

Russia’s residential real estate market is recovering as the economy emerges from several years of crisis. Incomes have been stagnant for six years, but as interest rates fall housing is becoming more affordable.

CONFERENCE CALL: Decline of the West and rise of the rest

Ben Aris in Rhodes October 14, 2019

It was 30 years ago that the Berlin Wall came down, ushering in hopes of a united, peaceful and prosperous world. Today the world is unpredictable and moving towards a new division between East and West. How did we get here?

Citigroup Russia markets CEO departs as Wall Street retreats in Moscow

Jason Corcoran in Moscow October 14, 2019

Alexei Bolshakov, Citigroup’s Head of Russian Equities and Chief Executive of its local Global Markets division, has left the bank as Wall Street accelerates its retreat in Moscow, bne IntelliNews can reveal.

Belarus president steps up anti-NATO rhetoric

bne IntelliNews October 14, 2019

Belarusian authoritarian President Aleksandr Lukashenko pledges to prepare a joint response with Russia to NATO's major drills in Europe, which should take place next year.

Russian brands see 16% growth in value to $960bn in 2019

Ben Aris in Berlin October 14, 2019

Russia has jumped to 14th position in the Brand Finance Nation Brands 2019 ranking, up from 18th last year, after recording a solid 16% growth in brand value to $960bn, says Brand Finance in a report.

NEWSBASE: Russia to ride to Cuba's fuel shortages rescue

Jenifer Delay of Newsbase October 10, 2019

Cuba has been caught in the cross fire of the row between the US and Venezuela on which is relies for fuel imports. The island state has been suffering sever fuel shortages in recent months as shipments from Caracas dry up.

NEWSBASE: Third of large Russian oilfields unprofitable: Rosnedra

bne IntelliNews October 9, 2019

Russian subsoil licensing agency Rosnedra has taken an inventory of Russia’s major oilfields and found that one third of them are unprofitable to develop.

NEWSBASE: Gazprom advances LNG plans

Newsbase October 9, 2019

Russia’s Gazprom has struck a deal with Germany’s Linde on setting up a joint venture to design facilities for the processing and liquefaction of natural gas.

M&A deals decline in Central, Southeast and Eastern Europe in 1H19

Clare Nuttall in Glasgow October 9, 2019

Fall in volume and value of deals revealed in CMS/Mergermarket report is in line with decline seen across Europe as economic slowdown, Brexit uncertainty and global trade wars hit sentiment.

Russian taxi market seen growing 6% to $11bn in 2019

bne IntelliNews October 9, 2019

Expansion ahead, but the sharp growth phase that was provoked by the entry of taxi aggregators through lower prices and more passengers is waning, says a study from the Analytic Centre.

Russian billionaire Fridman called to testify in Spanish court

bne IntelliNews October 8, 2019

The case is reportedly related to the alleged law violation when Fridman-linked entities received control of technology company ZWW.

CEE monthly bond wrap: Eastern Europe bond issues pick up in September, while Central Europe still on holiday

Ben Aris in Berlin October 7, 2019

Bond markets in the Commonwealth of Independent States (CIS) had a strong month in September with a total of 19 Eurobond issues, while the summer doldrums spilled over from August in Central Europe where there were only two issues.

Russian inflation falls back to CBR’s target 4% level

bne IntelliNews October 7, 2019

Russian consumer price inflation (CPI) fell back to the Central Bank of Russia (CBR) target level of 4% opening the way to more rate cuts, Rosstat reported on October 7.