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Russian contractor for Danieli on the gas routes for a new Omk plant
The company announced a new contract for the construction of a plant aimed at the manufacturing of pipes for the production of oil and gas without welding. The new plant should be put into service in 2021. The contract amount has not been revealed...
February19,2019
Russia's budget revenue up by 19.1 pct in Jan-Oct
Russia's consolidated budget revenue from January to October in 2017 was around 241 billion U.S. dollars, a 19.1 percent increase compared with the same period last year, the Russian Federal Taxation Service (FTS) said Monday.
November21,2017
Russian economy expands 1.8 percent in third quarter
Russia's gross domestic product (GDP) grew 1.8 percent in the third quarter this year, the country's official statistic service Rosstat said Monday, citing preliminary data.
November14,2017
Russia's GDP growth in July slows down to 1.5 percent
Russia's economic growth slowed down in July compared with the previous month, the Russian Economic Development Ministry said Monday.
August29,2017
Russian PM sees lower 2017 budget deficit due to higher revenues
Russia's budget deficit this year is expected to be 2 percent instead of planned 3.2 percent due to higher than expected revenues, Russian Prime Minister Dmitry Medvedev said Thursday.
May19,2017
Russian GDP likely to grow 2 pct in 2017: minister
The Russian economy will probably expand 2 percent in 2017, a stronger performance than last month's 0.6-percent prediction, the country's Economic Development Minister Maksim Oreshkin said Monday.
February28,2017
Decline, Not Collapse: The Bleak Prospects for Russia’s Economy
Russia faces bleak economic prospects for the next few years. It may be a case of managed decline in which the government appeases social and political demands by tapping the big reserves it accumulated during the boom years with oil and gas exports.
February09,2017
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