Russia, export, import and invest

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Russian business news headlines in English so that you can decide what to translate.

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Pavel Sorokin: "The provision of the Far East with petroleum products has been restored in full"

A new health and fitness center opened in Mari El

Victoria Abramchenko held a meeting of the Government Commission on the development of the fisheries industry

The Tekhmash enterprise has released an improved model of the Rusich cultivator

Altai plant "Rotor" launched a new medical device into serial production

Rostourism will present new directions of tourism

Esports: how to make money on esports in Russia

China reveals traces of COVID on packaging of fish from Russia

Rimera Group of Companies has expanded the range of energy efficient equipment for oil production

"Liquidation funds" will be created at hazardous enterprises

The Ministry of Industry and Trade does not plan to expand state regulation of prices for other goods

A new line for the production of semi-hard and hard cheese was launched in the Perm Territory

Chinese authorities have identified genetic material of coronavirus infection on the packaging of products of Russian poultry enterprises

Russia's economy is better prepared for the pandemic than expected

DonGAU scientists create a type of sheep that is universal in the direction of productivity

Use our team in Russia to improve your business.

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Russia’s economy is expected to bounce back into growth in 2021. The Economic Development Ministry’s estimate is 3.3% under its baseline forecast; according to the Bank of Russia, growth will reach 3-4% this year. Despite the crisis and the pandemic, inflation remains low, and unemployment is moderate. Unlike the world’s leading economies, Russia entered 2021 with sovereign debt at its lowest, mainly in the national currency. The participants in the expert discussion Hard Talk about Economic Growth during the 2021 Gaidar Forum considered potential drivers of economic recovery and discussed whether Russia would be able to maintain growth in the future and whether an unconventional monetary policy could ensure growth in the long term. We would like to share the discussion highlights with Invest Foresight readers.

Rebound is inevitable

We shouldn’t be worried too much about the economic growth in the near future as it is almost inevitable in the majority of the countries. After the pandemic-caused collapse of 2020, economies will undoubtedly bounce back.

“As far as the post-pandemic development is concerned, the rebound is almost guaranteed but it is still pointless to speculate about its trajectory. The economic growth will happen, provided that countries pursue a responsible economic policy,” comments RANEPA Rector Vladimir Mau.

The World Bank predicts a 4% economic growth in 2021 — subject, however, to the full-scale COVID-19 vaccine rollout. China is expected to have a particularly impressive economic upturn of 8%. The GDP of the United States is expected to grow in 2021 by up to 3.5% and Japan by 2.5%, which is higher than several years ago. As of the end of 2018, the GDP of the Eurozone grew by 1.8% and the year before, by 2.4%, in the highest increase of the decade (according to the European Statistical Office).

Growth or gamble?

The economic growth of the past several months has been mostly linked to cautious fiscal policies of central banks in many countries — in particular, through increasing the sovereign debt and the money supply (the global government debt reached 100% of GDP). Well-timed during a crisis, this kind of fiscal policy is, however, unlikely to secure future economic growth. Bank of Russia Governor Elvira Nabiullina noted that the policy has not resulted in a significant growth — on the contrary, it has prompted further inflation of the financial bubbles which are still to deflate back. There are also signs of a growing inflation. Moreover, this kind of policy aggravates inequality that is becoming a key factor in defining wealth.

“When a soft fiscal policy is used as a way to maintain growth rather than as a temporary measure, the value of assets increases. Who benefits from assets rising in price? Definitely not the general public,” Elvira Nabiullina said.

The speakers agreed that the policy of building up the sovereign debt and the budget deficit is unacceptable for Russia in the long term. Furthermore, a similar approach already resulted in a sweeping financial crisis in Russia back in 1998. There will eventually be a payback time for supporters of the soft fiscal policy, be it higher inflation or public expenditure cuts.

“The process can take longer and be milder in developed countries that issue reserve currencies, but faster and harsher in developing countries,” Finance Minister Anton Siluanov said.

Amid the pandemic, the Central Bank adopted a countercyclical policy, reducing the interest rates; the Finance Ministry spent its reserves as well. According to Anton Siluanov, plans call for normalizing budgetary policy as soon as in 2022, to which end a series of structural changes has been held, including in taxes, procurement regulations, and others.

“It would be difficult to normalize budgetary policy in other countries,” the minister said.

We don’t need uneconomic growth

However, participants in the discussion believe that economic growth should not be considered an absolute value. For instance, the economic growth of the second half of the 1980s was not accompanied by an improvement of the wellbeing of the citizens, while in Japan the quality of life is growing despite the 25 years of stagnation, Vladimir Mau said.

Anton Siluanov agreed that the growth does not necessarily lead to the creation of a long-term surplus product; a quality growth that would lead to the creation of contemporary jobs and new technologies is much more important. One can dig a hole and then fill it up, but this investment will not bring any surplus product. The same goes for oil prices: when they were rising, the economy was on the rise, and then the prices fell.

“There is such a thing as uneconomic growth: when economic growth reflects a decline in the quality of life and life satisfaction. We do not need such growth,” Anton Siluanov added.

Investments as a growth driver

The development of private investment can support the economic growth in Russia. According to the discussion participants, the issue of supporting private investment is becoming more pressing. According to Maxim Reshetnikov, numerous measures were taken to this end in 2020, including the adoption of new regulation on security of investment. A governmental resolution on infrastructure bonds was signed in December, and work on green bonds is underway as well. Immense efforts have been taken to create opportunities for citizens to make investments in the stock market, as well as to reform development institutions aimed to attract private investment along with budget funds for projects. Currently, ten rubles of private investment can be brought per one budget ruble through development institutions.

“We should initiate a new wave of private investment. Last year, we created opportunities for investments and provided a substantial foundation for a new investment cycle,” Economic Development Minister Maxim Reshetnikov said.

Efforts should not be focused solely on state investment, Anton Siluanov agreed.

“This policy was justified in the situation we were facing last year. But we need private investment and numerous institutional changes, be it protection of property or judiciary system, which we mention constantly,” Anton Siluanov noted.

Digital technology to support growth

The growth of the Russian economy can be supported by a greater development and introduction of digital technology. The session participants noted that regarding its influence on the economy and the boost it provided, the digitalization can be compared only to electrification and printing. They also emphasized that today Russia is a leader in creating conditions for development and introduction of digital technology. The law on experimental digital modes promises to give an impetus to the process of digitalization; work is underway to discuss the newly developed law on electronic archives that would facilitate abandoning paperwork; the law on self-employed has proved efficient. Digitalization is creating new niches for employment, with a new class of workers developing through the use of IT infrastructure and platform solutions.

“Not only can we catch up with other countries – this is the case where we can get ahead of many of them and boost labor capacity and personal income, and support the economic growth,” Maxim Reshetnikov noted.

“Prosperity and growth come from institutional reforms plus digitalization of the country,” Anton Siluanov concluded.

By Olga Blinova

by Rina

by MarketsandMarkets.com

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Russian business news headlines in English so that you can decide what to translate.

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The number of cyber frauds in Russia has grown more than 11 times

Business Ombudsman assessed the possibility of canceling individual entrepreneurship in Russia

Russia entered the top five world pork producers

Moscow Seed Fund invested in VIDI commercials factory

Government plans to ban transshipment of dangerous goods outside ports

Rosseti started developing a controller to control microgeneration and energy storage systems in low voltage networks

Natalya Sergunina: Bench tests of a new electric rocket engine completed in the Moscow Technopark

Automation from a Russian manufacturer

Use our team in Russia to improve your business.

END

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The largest landlords of commercial property in Russia sustained drastic income shortfalls last year, according to Forbes estimate.

According to the Forbes ranking, their revenues fell by almost a quarter (by 24%, to be exact), or by as much as $1.9 billion — to $5.8 billion from $7.7 billion in 2019.

The reason for the downward trend is clear — shopping centers in Russia have remained closed for several months; hotels stood idle, and business centers also had a tough time when companies had to send their employees home to work remotely.

In this segment, hardest hit were the landlords relying on class B+ and B- tenants that usually lease small office premises for short periods.

As for the year 2021, expectations vary greatly across the expert community. On the one hand, the economy is gradually starting to recover, and there is a chance consumer demand will pick up soon. That should boost the occupancy rate at service, entertainment and catering spaces. Workers are gradually returning to their offices.

On the other hand, many employers, especially businesses that use office spaces, seem to have appreciated the cost-cutting effect of telework during the pandemic. They are in no hurry to bring everyone back to the office and instead consider letting at least some of their employees continue working from home.

by Rina

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Russian business news headlines in English so that you can decide what to translate.

Click on the headline to see the original story in Russian. When you find an opportunity contact us to follow it through!

email: NewsCentre@volgatrader.com

Amid the pandemic, banks earned 1.6 trillion rubles per year

Why and what products are getting more expensive in Russia?

Revenue of the Okay chain of stores increased to 146 billion rubles

Rosselkhoznadzor lifted the ban on the import of tomatoes and peppers from Kazakhstan

"Renta Invest" Gudchenko decided to take the money of the deputies of Murino

Mishustin supported the idea of ​​developing infrastructure for agritourism

Omex history: who manufactures equipment for smart stores in Moscow

“Russian pharma today is a repackaging of generics”, - an interview with a Skoltech professor and head of Insilico

Mikhail Mishustin visited the Solomensky Sawmill in Petrozavodsk

Mosgaz is reconstructing a strategic gas pipeline

Deputy Prime Minister Victoria Abramchenko inspected the reclamation of the Chelyabinsk city dump

"Prices are 40% lower than world prices." Rise in price predicted for cars in Russia (Autonews.ru)

A new technology for the production of uranium dioxide was introduced at the MSZ plant

Petersburgers began to spend more on collectible goods

Rosturizm commented on the possible ban of Booking.com in Russia

The Federal Tax Service of Russia is conducting an industry project "Public catering"

In 2020, 85.9 million tons of wheat were harvested in Russia

Experimental potatoes were harvested in Yekaterinburg

In 2020, the income of Russians decreased by 3.5%

Forbes has published a rating of the "kings of Russian real estate"

Rosselkhoznadzor is concerned about the continued detection of excess glyphosate content in soybeans from Brazil

New tax office to track foreign activity

Sales of sparkling and still wines in Russia almost caught up with vodka

How Russians will regulate purchases in foreign online stores

Top 15: leaders of the Russian technology market named

Anastasia Bondarenko discussed with representatives of energy companies new approaches to the calculation of standards for the number of personnel in the power industry

How to improve the efficiency of "garbage reform"

The state will take control of the craft beer market

The timber market displayed in the electronic system grew by 23%

IT companies explained the procedure for including Russian software in the register

Rostelecom will create Wi-Fi networks in schools for 2.5 billion rubles

The Rostec Venture Fund has invested in the developer of IoT solutions for the construction of Sodis Lab

Grass beef: Russians ate 2.6 billion rubles worth of artificial meat in a year

On a trip to the farm. Prospects for the development of agricultural tourism in Russia

Complex tourism development projects to be launched in the Far East

Prices for equipment and clothing may rise in Russia

Investments in warehouse real estate in 2020 increased by 2.5 times

The cartoon "Soul" again became the leader of film distribution in Russia

Petrochemicals received new support measures from the state

How the procurement market has changed in 2020

From February 1, the receipt must indicate the exact name of the goods

New small hydroelectric power plants to appear in Russia

Simplified drug labeling remains for hospitals and pharmacies

The term for marking tires in warehouses expires

There was a massive failure in the work of MTS in Russia

Prospects for meat export to China. The potential of Russian exports to China is more than 300 thousand tons

A hotel worth over a billion rubles will be built in the south of St. Petersburg

Launch of a factory for the production of printed fabrics up to 220 cm wide

Conclusion, execution, change, termination of the contract • Re: Ensuring warranty obligations

Exhibition “Meat Industry. Chicken King, Cold Industry for Agroindustrial Complex 2021 "will be held from 17 to 19 May 2021 https://t.co/YkuYIfPd98

Use our team in Russia to improve your business.

END

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Rucard payment processor has sold its controlling share in the Russian cognitive training service. 

This is an exit deal for Wikium’s strategic investor of three and a half years. In June 2017, Wikium attracted $2 mio in investment from Rucard through a deal organized by IP Fund.

Wikium Board Chairman was Artem Genkin. Rucard’s share was bought by Rusagro co-owner Maxim Basov, who also bought part of Wikium founder Sergei Belan’s share. Basov currently holds 65.8% in the startup.

Following the deal, the appraised value of the company reached $15 mio, Vc.ru reports citing company representatives.

Founded by its CEO Sergei Belan, Wikium entered the market in 2013. This cognitive training platform helps improve focus, memory and cognition thanks to daily 15-minute brain exercises. As users go through games and puzzles, the tasks become more complicated. At the time of its launch, the platform was one of the first online brain fitness tools in Russia.   

In the fall of 2014, Wikium participated in an accelerator by the Internet Initiatives Development Fund (IIDF) and attracted 1.4 mio rubles ($18.4K) in investment from the foundation (IIDF left the project in 2019). During the second IIDF accelerator supported by Microsoft, the startup also won $67K in cloud funding.

As of the end of 2020, Wikium had around 6.5 mio registered users and yearly sales of 170 mio rubles ($2.2 mio).

The company plans to spend the investment attracted through the deal on scaling the project. Among other things, it plans to launch a mental health program to help users relieve stress and reach a comfortable state of mind.

by Rina

The global economy is going through a rough time. Despite the start of COVID-19 vaccination, many countries are still sustaining tough lockdown measures.

It would seem that growth can hardly be expected in this context, but one country, namely, China, has actually bounced back by the end of last year. According to the National Bureau of Statistics of China, the country’s GDP grew 2.3% in 2020. China seems to be claiming the role of a locomotive of global economic recovery, even despite the numerous barriers the country encounters in the global arena. Another question is whether China will be able to cope with the challenging role and come up with a new Marshall Plan to save the world.

A locomotive of global economy

When it comes to China, the term ‘locomotive’ does not seem like much of an exaggeration: this year at least, China’s economy will definitely grow faster than that of any of its rivals. China is expected to show an 8% growth this year, according to Valery Yemelyanov, an analyst at Freedom Finance. The US GDP will grow by 3.5%, while Europe and Japan will be recovering at 3.5% and 2.5%, respectively.

“China has been the driver of global economic growth for decades. The current crisis is no exception,” Yemelyanov notes.

The role of China and Asia as a whole is growing consistently, says Olga Belenkaya, head of macroeconomic analysis at Finam Group; the trend is likely to continue. The center of economic gravity is shifting from the West to the East – to Asia, Bloomberg Economics suggests in its forecast of potential GDP through 2050. By 2035, the company forecasts, China will have overtaken the US to become the world’s biggest economy. According to a CEBR estimate, the Chinese economy will raise to the top position overtaking the United States even earlier, in 2028.

The country’s booming demand for oil, metals, and energy could well be the magic formula that would bail the global economy out of recession, believes Artem Genkin, Doctor of Economy, Professor, President of the NPO “Center for Protection of Bank Clients and Investors”. And that formula can actually work even if certain regions slide into the third, fourth, or more consecutive waves of the pandemic.

“I would say China’s recovery being so fast and irreversible (a guarantee that there is no returning to the ‘Wuhan scenario’ with a total lockdown and disruption of supply chains both inside the country and in foreign economic relations) is a most decisive factor that can ensure stability and even positive price dynamics on global exchanges, primarily commodities,” Artem Genkin says.

The Marshall Plan made in China

China can indeed become a driving force of the global economy, including thanks to its support programs for other economies – primarily, its Asian neighbors. China has already launched several support programs of this kind, the Belt and Road and the Community of Common Destiny initiatives being among them, notes Vladimir Milovidov, Head of the Department of International Finance at the Moscow State Institute of International Relations (MGIMO).

“China allocates substantial financial resources in the form of grants, loans and other instruments, to help both developing and developed countries. According to public estimates, China invested $350 bln between 2000 and 2014,” Milovidov comments.

There is a system of institutions in China that support the implementation of such projects. China International Development Cooperation Agency, established in 2018, is the key element in this system. Recipients seeking assistance and financial support sign a cooperation agreement with the agency. Twenty-nine countries have already closed deals. Under the Belt and Road initiative, 160 countries also signed memorandums of understanding.

“The scale of China’s program to support economic development significantly exceeds the one of the Marshall Plan that involved 17 countries with some $135 bln – 140 bln of provided funds in today’s prices. China has almost tripled this sum,” Milovidov says.

According to Artem Genkin, China’s loan assistance is more often individual off-the-record offers rather than public offers to a group of countries. The further collection reflects the individual approach to the borrower. Thus, any liquid asset, from a port to a mineral deposit, can, by a mutual agreement of the parties, be transferred to the lender as a means to settle the debt. As of now, the basic loan offer can be customized and presented to certain countries or regions under a PR campaign of ‘post-COVID restoration plan’, the expert believes.

“This would make the local elites and the ‘street’ more amenable when discussing and adopting such loan offers,” Artem Genkin says.

 Obstacles to China’s growth

But there is an entire range of challenges for China that put into question the rate of the economic recovery of other countries. The key one is the deteriorating relations with the US, says Olga Belenkaya: the ban on the transfer of technology and restrictions on exports of high-tech products from China to the US and their allies could be the most painful of them. The US has recently been engaged in delisting Chinese companies from US stock exchanges.

“Donald Trump has set a goal to reduce the US’s foreign trade deficit with China and stop the ‘theft’ of US technology, and then disengage Chinese economy from the American one. Joe Biden considers China the main strategic rival of the US and intends to force China “to play by international rules” with the help of a wide coalition of allies,” Olga Belenkaya notes.

However, it seems at the moment that Biden’s victory is beneficial to China given the expected de-escalation of trade wars and a more predictable policy. Among other risks are the Chinese debt-ridden nonfinancial sector and compliance risks. According to the expert, even the largest businesses in the country depend to a great extent on the benevolence of the Communist Party whose decisions are sometimes quite unexpected for the market. A regulator’s recent pressure on Alibaba Group Holding is a case in point.

Who’s next?

Still, the slowdown in the growth of China’s economy may become the most significant obstacle. In recent years, the GDP growth rates have shown a decline, and 2021 may be the last year when the country boasts outstanding indicators, Valery Yemelyanov notes.

“China has survived the consequences of industrialization and urbanization that Europe and the United States were facing in the early 20th century. China’s labor force has stabilized, the population is aging, and the country is going through digital transformation. This will lead to a reduction to a more moderate 4-5% in the average annual growth rate within the next decade,” Valery Yemelyanov says.

This means that countries with large growing population yet low standards of living, including India, Indonesia and African countries, may replace China as drivers of the world economy. And China definitely cannot become the locomotive for global economic recovery alone in case the US and European economies face recession once again.

“China’s role is going to be much less prominent without efforts to restore regular economic activity in the developed countries. There are developing countries where China is strengthening its positions, but their demand for Chinese products is not yet able to compensate for a shortfall in demand in developed countries,” Vladimir Milovidov notes.

According to China’s customs statistics, last year’s export growth was 4% as compared to 2019, while imports decreased by 0.7%, Milovidov notes. In fact, China did not contributed to the growth of other countries’ economies, but the global demand for Chinese products triggered the growth of production in the country. This example is definitely taken out of a complex context, yet it shows that the situation is ambiguous, the expert emphasizes.

“In the 1940s, a manufacturing country played the key role, while today a country with the largest effective demand is the most powerful economy. In this regard, China yields to both the United States and the European Union. China can solve this issue solely through efforts taken jointly with consumer countries,” Director General of the Institute of Regional Problems Dmitry Zhuravlyov agrees.

“Today, China is what the United States was 50 years ago. Similar to the United States during the 1960s and 1970s, China is highly interested in globalization as a country which has a globalist economy and is deeply integrated into global value chains. The answer to the question on China’s role as an engine in the post-COVID world lies in the intricate web of world economic connections and interests,” Vladimir Milovidov explains.

By Olga Blinova

by Rina

by HTF Market Intelligence Consulting Pvt. Ltd.

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Russian business news headlines in English so that you can decide what to translate.

Click on the headline to see the original story in Russian. When you find an opportunity contact us to follow it through!

email: NewsCentre@volgatrader.com

Mishustin supported the idea of ​​developing infrastructure for agritourism

Omex history: who manufactures equipment for smart stores in Moscow

“Russian pharma is a repackaging of generics,” an interview with the head of Insilico and a professor at Skoltech

Mikhail Mishustin visited the Solomensky Sawmill in Petrozavodsk

Mosgaz is reconstructing a strategic gas pipeline

Deputy Prime Minister Victoria Abramchenko inspected the reclamation of the Chelyabinsk city dump

"Prices are 40% lower than world prices." Rise in price predicted for cars in Russia (Autonews.ru)

PJSC "MSZ" introduced a new technology for the production of uranium dioxide

Petersburgers began to spend more on collectible goods

Rosturizm commented on the possible ban of Booking.com in Russia

The Federal Tax Service of Russia is conducting an industry project "Public catering"

In 2020, 85.9 million tons of wheat were harvested in Russia

Experimental potatoes were harvested in Yekaterinburg

In 2020, the income of Russians decreased by 3.5%

Forbes has published a rating of the "kings of Russian real estate"

Rosselkhoznadzor is concerned about the continued detection of excess glyphosate content in soybeans from Brazil

New tax office to track foreign activity

Sales of sparkling and still wines in Russia almost caught up with vodka

Use our team in Russia to improve your business.

END

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BEGIN

Russian business news headlines in English so that you can decide what to translate.

Click on the headline to see the original story in Russian. When you find an opportunity contact us to follow it through!

email: NewsCentre@volgatrader.com

For promising technologies: Russia will launch a Fund of Funds with the participation of billionaires

The Industrial Technology Fund in Russia will be launched in February

LSR Group: LSR Group reports its operating results for the fourth quarter and twelve months of FY 2020

Fines for hookah in public catering entered into force in Russia

The Accounts Chamber criticized equipping regions with forest fire equipment

Chepetsk Mechanical Plant has mastered the production of zirconium oxynitrate powder for petrochemistry

AUTHOR has released the first thousand Hyundai Sonata vehicles in full cycle

Construction of a sea terminal began on the Taimyr Peninsula

A new children's polyclinic opened in the Pravoberezhny district of Irkutsk

The first crop of seed potatoes is harvested in the high-tech technopark of the Sverdlovsk region

Russians began to replace migrants in delivery services

New rules for taxation of land plots entered into force

Prices for cakes, marshmallows and marshmallows may rise in Russia

The company "SSTenergomontazh" began to supply explosion-proof equipment

Ex-owner of MBSP accused of falsifying documents

Chip Design Center to open in Moscow

The KhlebSol discounter network grew by 22%, the Slata supermarket chain began to work with local producers: results of 2020

Sberbank will create a major e-commerce player on the basis of goods.ru

Wood processors have more opportunities for soft loans

Do not go to the bottle: the business asked to transfer the labeling of beer

The Cabinet of Ministers approved the updated Strategy for the development of the forestry complex

In 2020, the customs authorities opened more than 2 thousand criminal cases and over 114.5 thousand cases of administrative offenses

Amid the pandemic, banks earned 1.6 trillion rubles per year

Why and what products are getting more expensive in Russia?

Revenue of the Okay store chain grew to 146 billion rubles

Rosselkhoznadzor lifted the ban on the import of tomatoes and peppers from Kazakhstan

"Renta Invest" Gudchenko decided to take the money of the deputies of Murino

Use our team in Russia to improve your business.

END

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BEGIN

Russian business news headlines in English so that you can decide what to translate.

Click on the headline to see the original story in Russian. When you find an opportunity contact us to follow it through!

email: NewsCentre@volgatrader.com

A new pig-breeding complex was launched in the Talovsky district of the Voronezh region

TERRA TECH presented digital solutions for monitoring road infrastructure

Are Russians ready to give up garbage chutes

Russian company presented new models of CMU and aerial platform

"It is more profitable to recycle than to take to the landfill": what hinders the recycling of plastic in Russia and how to change it

The demand for fur coats grew in Russia by 20% amid frost

The procedure for the use of ESPs provided by foreign payment service providers has been established

Magnit and NCR became strategic partners

AUTOTOR started production of full cycle Hyundai Mighty trucks

Mishustin allocated 2.5 billion to three regions for sewerage and embankments

Switching to the digital ruble: 5 advantages over the “paper” ruble

Every third entrepreneur is not ready for the new requirements for the content of checks

The first briquette of a new brand of rubber was received in Nizhnekamskneftekhim

Warehouses became the most successful segment of commercial real estate in 2020

For promising technologies: Russia will launch a Fund of Funds with the participation of billionaires

The Industrial Technology Fund in Russia will be launched in February

LSR Group: LSR Group reports its operating results for the fourth quarter and twelve months of FY 2020

Use our team in Russia to improve your business.

END

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BEGIN

Russian business news headlines in English so that you can decide what to translate.

Click on the headline to see the original story in Russian. When you find an opportunity contact us to follow it through!

email: NewsCentre@volgatrader.com

Abramchenko: The garbage industry has collected 25 billion rubles of investments in a year

Labeling of dairy products started in Russia

The fashion-market of Russia suffered significant losses due to the pandemic

Pipe manufacturers will be able to conduct tests in Russia

Deployment of 5G in Russia can cost 1 trillion rubles

The government has proposed to increase waste collection for cars by 25%

Three sections of Almaz-Anteya were sold for 8 billion rubles, the funds will be used to pay off loans

Investments of foreigners in Russian companies fell more than 20 times

Trutnev: Fish products must be fully processed in Russia

Transneft-Upper Volga JSC in 2020 allocated 241 million rubles for measures in the field of industrial safety and labor protection

Russia will start trading greenhouse gas quotas

New low-cost airlines may appear in Russia

Two funds invest in a Russian developer of high-tech prostheses

Demand for the purchase of the construction business has grown

Over the past five years, 43 import substitution projects have been implemented in the chemical industry of the Russian Federation

A new instrument-making production was opened in the Kurgan region

Reach the "star": In Sochi, about 1000 mini-hotels will receive categories

The Ministry of Construction of Russia has changed building codes and design rules for hotels, hostels and hostels

Digital revenue of Russian Post grew by 77%

The Ministry of Finance proposed to reduce the limit for duty-free import of goods into the EAEU

Renault is preparing five new models for Russians

The Krasnodar-Kerch highway will begin to build in 2021

A record harvest of fruits and berries was harvested in Russia in 2020

In 2020, Transneft Diascan, JSC conducted more than 600 inspections of tanks for the storage of oil and petroleum products

"EKO-Kultura" opened the third stage of the greenhouse complex in the Lipetsk region

An abandoned poultry farm was revived in the Ulyanovsk region

In Russia, due to the pandemic, a boom in wooden country houses began

Victoria Abramchenko: The law on digitalization of the forestry complex will whitewash the industry

An electronic forest register will be created in Russia

Two more low-cost airlines may appear in Russia

A cluster for the production of high-speed trains will be created in the Urals

Changes have been made to the list of medical devices originating from foreign countries

A new production of medical masks and respirators SPIRO-1000 was launched in the Tver region

Russia refused to raise the age for buying weapons

Interview with the head of the Russian Post Maxim Akimov. the main thing

IMF has raised the forecast for the Russian economy

Russian Post will launch an electronic power of attorney to receive parcels

Food production in Russia increased by 3.5%

Experts have counted regions with separate waste accumulation

The first Russian electric car will be converted into a truck (Gazety.Ru)

The mechanism for concluding agreements on the protection and encouragement of investments was launched

A new pig-breeding complex was launched in the Talovsky district of the Voronezh region

TERRA TECH presented digital solutions for monitoring road infrastructure

Are Russians ready to give up garbage chutes?

Russian company presented new models of CMU and aerial platform

"It is more profitable to recycle than to take to the landfill": what hinders the recycling of plastic in Russia and how to change it

The demand for fur coats in Russia increased by 20% amid frost

The procedure for the use of ESPs provided by foreign payment service providers has been established

Magnit and NCR became strategic partners

AUTOTOR started production of Hyundai Mighty trucks on a full cycle

Use our team in Russia to improve your business.

END

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The information site about the investment “Investing.com Russia” compiled a rating of leading companies in terms of stock growth in 2020, as well as a rating of the leaders of the fall among the largest Russian companies.

The largest growth in 2020 was shown by the shares of the gold mining company Polyus (+ 95%), followed by the technology corporation Yandex (+ 80%), Polymetal (+ 60%), engaged in the extraction of precious metals, as well as AFK Systema (+ 57%), Tinkoff Bank (+ 56%), Magnet (+52%), NLMK (+51%), Severstal (+45%), Moscow Exchange (+45%), PIC (+37%) and M.Video (+37%).

“We see that gold companies showed the greatest growth this year, which is not surprising: gold is a protective asset and always rises in price during times of crisis. In 2020, gold added + 18% to the value, peaking last July”, -- comments Anastasia Kosheleva, editor-in-chief, Investing.com Russia.

Shares of Russneft (-56%), QIWI (-36%) and TATNEFT (-34%) fell the most.

“Among the companies on the list of the leaders of the fall, we see several oil corporations (Russneft (-56%), Tatneft (-34%), Surgutneftegaz (-22%), Lukoil (-21%), Gazprom (-6%)) that faced a number of problems in 2020: lower oil prices, halting economic activity, reducing number of air transports, geopolitical tension. Due to a decrease in the number of flights, Aeroflot shares sank (-33%)” , -- says Anastasia Kosheleva.

At the same time, the growth of Bitcoin in 2020 was 209%, the growth of Tesla — 442%, Moderna — 409%.

Growth Leaders in 2020:

• “Polyus (+ 95%)

• Yandex (+ 80%)

• Polymetal (+ 60%)

• AFK Systema (+ 57%)

• TCS Group (+56%)

• Magnet (+ 52%)

• NLMK (+ 51%)

• Severstal (+ 45%)

• Moscow Exchange (+ 45%)

• PIC and M.Video (+ 37%)

Companies leading the fall in 2020:

• Russneft (-56%)

• QIWI (-36%)

• TATNEFT (-34%)

• Aeroflot (-33%)

• Surgutneftegas (-22%)

• Lukoil (-21%)

• VTB (-18%)

• Inter RAO UES (-8%)

• Gazprom (-6%)

Analysts in Investing.com analyzed the value of shares of the largest Russian companies in the period from January 2020 to December 2020 and compiled a rating of companies whose shares showed the largest growth, as well as those whose shares showed the largest drop last year.

by Rina

Since 2015, ROTEK Holding has been working on the modernization of Mongolia’s energy infrastructure. During this time, it was possible to put into operation over 600 MW of capacity, which exceeds 60% of the total energy of the country.

The project started with the commissioning of two power units of the largest power station in the country, Ulan-Bator ТЭЦ-4. They were brought to full capacity in 2019. Then the power engineers added another block No. 3, which worked normally in early 2020. The fourth energy block was launched in early 2021. He began supplying electricity to the grid on January 18.

Each of the turbines, according to experts, allows reducing fuel costs by $19.5 million per year. At the same time, the efficiency of all units was increased by 9%, and maneuverability – immediately by 40%. Now more than 120 thousand households, social facilities and industrial enterprises in the country are provided with light and heat.

Employees of the Ural Turbine Plant developed and manufactured the most important elements for updating all four power units of the power plant. As for the representatives of ROTEC, they developed the necessary project documentation, including technical and design estimates, plus created a project of new units. In addition, they mounted the equipment and completed all the necessary commissioning work.

The modernization of Mongolia’s power system was extremely necessary, since before the commissioning of two new power units, the country had to purchase about 250 MW per year. Now the energy deficit in Mongolia has been reduced to 100 MW.

Experts predict that Mongolia’s economic performance will recover in a short time, and after the end of the pandemic, the country’s COVID-19 economy will begin to grow.

Before the crisis, the country’s economy was actively developing, the growth indicator in 2019 was 7.3%, which is 1.2% more than China over the same period of time. According to the World Bank, Mongolia’s economy will grow by 5% over the next two years.

by Rina

by HTF Market Intelligence Consulting Pvt. Ltd.

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Russian business news headlines in English so that you can decide what to translate.

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Transneft-Upper Volga JSC in 2020 allocated 241 million rubles for measures in the field of industrial safety and labor protection

Russia will start trading greenhouse gas quotas

New low-cost airlines may appear in Russia

Two funds invest in a Russian developer of high-tech prostheses

Demand for the purchase of the construction business has grown

Over the past five years, 43 import substitution projects have been implemented in the chemical industry of the Russian Federation

A new instrument-making production was opened in the Kurgan region

Reach the "star": In Sochi, about 1000 mini-hotels will be categorized

The Ministry of Construction of Russia has changed building codes and design rules for hotels, hostels and hostels

Digital revenue of Russian Post grew by 77%

The Ministry of Finance proposed to reduce the limit for duty-free import of goods into the EAEU

Renault is preparing five new models for Russians

The Krasnodar-Kerch highway will begin to build in 2021

A record harvest of fruits and berries was harvested in Russia in 2020

In 2020, Transneft Diascan, JSC carried out more than 600 inspections of oil and petroleum product storage tanks

"EKO-Kultura" opened the third stage of the greenhouse complex in the Lipetsk region

An abandoned poultry farm has been revived in the Ulyanovsk region

In Russia, due to the pandemic, a boom in wooden country houses began

Victoria Abramchenko: The law on digitalization of the forestry complex will whitewash the industry

An electronic forest register will be created in Russia

Two more low-cost airlines may appear in Russia

A cluster for the production of high-speed trains will be created in the Urals

Changes have been made to the list of medical devices originating from foreign countries

Use our team in Russia to improve your business.

END

---

BEGIN

Russian business news headlines in English so that you can decide what to translate.

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email: NewsCentre@volgatrader.com

Raiffeisenbank issued a loan of 1.9 billion rubles to the developer Raven Russia

The head of the Central Bank recommended to limit the sale of life insurance policies

Every tenth employee in Russia will work remotely

The Ministry of Industry and Trade supported the legalization of distance selling alcohol

The Ministry of Industry and Trade supported the legalization of Internet trade in alcohol

Investors will invest another 2.8 billion rubles in Moscow projects

A pharmaceutical plant will be sold in St. Petersburg for at least 2.4 billion at auction

Telegram was estimated at $ 30 billion

When the construction of Nord Stream 2 is completed, Boris Grachevsky died. RBC main news

44-FZ. Practice of state and municipal procurement • Re: First part of the application

Government to launch digital platform for business complaints against controllers

New strategy for the development of foreign economic activity may appear in 2021

The Ministry of Construction of Russia has updated the technical standards for information modeling in construction

The Ministry of Construction of Russia and VEB.RF will support the promotion of public-private partnership mechanisms in the development of urban economies, modernization of housing and communal services and housing construction

A new plant for the production of polypropylene packaging was launched in the Krasnodar Territory

SinTZ mastered the production of a new type of pipes made of chromium-containing steel

Mordashov warned of catastrophe for Russia from economic isolation

The government will allocate over 350 billion rubles for applied research

Over the year, the Russian fashion market has shrunk by a quarter

Yuri Gromakov, who worked on the development of a cellular network in Russia, dies

Interview with the head of the Russian Accreditation Agency Nazariy Skrypnik. the main thing

The largest Russian online retailer Wildberries launched sales in Germany

Experts have called the timing of the end of the shortage of cars in Russia

Livestock farming is successfully developing in the Kaluga region

Moscow Investment Portal was recognized as the best IT solution for economic development in Russia

The Russian automotive market in terms of sales has reached the 4th place in Europe

Light industry has extended the labeling period for commodity residues

Demand for secondary housing in Russia increased by 35%

Vladimir Efimov: Technopolis Moscow resident invests 1.69 billion rubles in the production of medical devices

Japan presented to Russia a new type of cooperation in the Far East

Abramchenko told why the state will build forest roads

Abramchenko: The garbage industry has collected 25 billion rubles of investments in a year

Labeling of dairy products started in Russia

Russian fashion market suffered significant losses due to the pandemic

Pipe manufacturers will be able to conduct tests in Russia

Deployment of 5G in Russia can cost 1 trillion rubles

The government has proposed to increase waste collection for cars by 25%

Three sections of Almaz-Anteya were sold for 8 billion rubles, the funds will be used to repay loans

Investments of foreigners in Russian companies fell more than 20 times

Trutnev: Fish products must be fully processed in Russia

Transneft-Upper Volga JSC in 2020 allocated 241 million rubles for measures in the field of industrial safety and labor protection

Russia will start trading greenhouse gas quotas

New low-cost airlines may appear in Russia

Two funds invest in a Russian developer of high-tech prostheses

Demand for the purchase of the construction business has grown

Over the past five years, 43 import substitution projects have been implemented in the chemical industry of the Russian Federation

A new instrument-making production was opened in the Kurgan region

Reach the "star": In Sochi, about 1000 mini-hotels will be categorized

The Ministry of Construction of Russia has changed building codes and design rules for hotels, hostels and hostels

Use our team in Russia to improve your business.

END

---

BEGIN

Russian business news headlines in English so that you can decide what to translate.

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email: NewsCentre@volgatrader.com

Investors will invest another 2.8 billion rubles in Moscow projects

A pharmaceutical plant will be sold in St. Petersburg for at least 2.4 billion at auction

Telegram was estimated at $ 30 billion

When Nord Stream 2 is completed, Boris Grachevsky died. RBC main news

44-FZ. Practice of state and municipal procurement • Re: First part of the application

44-FZ. Practice of state and municipal procurement • Re: First part of the application

Use our team in Russia to improve your business.

END

---

BEGIN

Russian business news headlines in English so that you can decide what to translate.

Click on the headline to see the original story in Russian. When you find an opportunity contact us to follow it through!

email: NewsCentre@volgatrader.com

The Central Bank recommended to limit the sale of investment insurance policies

Manturov: Russian industry will continue the course of import substitution

Disputes with foreign investors will remain in the jurisdiction of Russia

More than 800 units of new equipment were put into operation at Sevmash

Raiffeisenbank issued a loan of 1.9 billion rubles to the developer Raven Russia

Central Bank recommends limiting the sale of life insurance policies

Every tenth employee in Russia will work remotely

The Ministry of Industry and Trade supported the legalization of distance alcohol trade

Use our team in Russia to improve your business.

END

---

BEGIN

Russian business news headlines in English so that you can decide what to translate.

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email: NewsCentre@volgatrader.com

New fire regulations came into force on January 1

What will change in the system of business inspections in 2021

Brands may oblige to tag goods intended for Russia

In Russia, the rates of excise taxes on spirits, wine and beer increased

In 2020, Rosselkhoznadzor discovered 27 non-existent laboratories and issued more than 2.6 thousand orders to terminate grain declarations

Foreign manufacturers may be obliged to label goods for Russia

Federal Law of December 30, 2020 N 490-FZ "On beekeeping in the Russian Federation"

Federal Law of December 30, 2020 N 519-FZ "On Amendments to the Federal Law" On Personal Data ""

"Business breakfast" with the Minister of Industry and Trade of the Russian Federation Denis Manturov. the main thing

Natalya Sergunina: Moscow has identified areas of support for creative industries

Mutton consumption in Russia may triple

Russian companies will receive grants of 4 billion rubles for digital transformation and software development

"Magnet" recorded an increase in demand for New Year's goods in 2020

More than 6 tons of sanctioned cheeses were discovered by Kaliningrad customs officers in a batch of meat products

New buildings will be connected to the Internet without fail

Registration of unified electronic visas was suspended in Russia

Retail rules change in Russia

The media learned about the idea to create a single database of profiles for virtual SIM cards

The fruit and berry industry will clear the road. The government approves a roadmap for the accelerated development of the sector

The head of "Ashan" in Russia will leave office

"Russian Trapeza" presented a filling and packaging complex for packing popcorn

Procurement • Re: Do you need a license?

The introduction of separate waste collection has run up against a shortage of tanks

Interview with the head of Rosreestr Oleg Skufinsky. the main thing

The second stage of the production of decorative film was launched in Chekhov near Moscow

Mikhail Mishustin presented the 2020 government awards in the field of media

Mishustin lowered interest rates on soft loans for small businesses and self-employed

Three times more lamb by 2035. How Russian sheep breeding will develop

A program for the disposal of medical waste starts in the Moscow region

FAS RUSSIA AND BANK OF RUSSIA PAY ATTENTION OF FINANCIAL MARKET PARTICIPANTS TO THE NEED OF COMPLIANCE WITH PROFESSIONAL ETHICS

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BEGIN

Russian business news headlines in English so that you can decide what to translate.

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Russia begins to calculate the minimum wage and the cost of living in a new way

Admiralty shipyards began cutting metal for the fifth trawler of ST-192 project

A new automated mill complex was opened in Borisoglebsk, Voronezh region

Rosselkhoznadzor will monitor the use of pesticides and agrochemicals

The felling and sale of timber is now controlled by the electronic state system

Oil industry taxes have increased in Russia

We don’t eat someone else's: meat imports fell sharply

A new production facility for bottling mineral and drinking water was opened in Bashkiria

Procurement news • The guillotine takes on the properties of a meat grinder

Khabib registered a network of fitness clubs and a sports school in Russia

Top 11 technological achievements of Russia in 2020

Review: 14 new production facilities opened in Russia in October 2020

Kolchuginsky plant "Elektrokabel" continues to modernize production

In the Leningrad region in 2020, 737 landfills were liquidated

Revenue of Russian cinemas in 2020 decreased by 58%

A hereditary veterinarian, ex-head of the veterinary department of the Ministry of Agriculture of Russia Mikhail Kravchuk passed away

Achieved world leadership of Russia in reference measuring and calibration capabilities

Putin instructed to pass laws on artificial intelligence

Penza machine tool plant: the thousandth machine is sent to Denmark

In 2020, at the G.S. Titov received 5 new satellite communication stations

In Russia, the system of sanitary and epidemiological supervision is being modernized

The expert lists the largest data breaches in Russia in 2020

Grape and wine-growing zones will appear in Russia

How the jewelry market will change in 2021

Mikhail Mishustin signed a decree on the register of microelectronics developers for tax incentives in support of the IT industry

Separate waste collection will require the creation of a market for recycled materials

Russian Copper Company has completed the next stage of modernization of enterprises

Advantages of turnkey frame houses

New fire regulations entered into force on January 1

What will change in the system of business inspections in 2021

Brands may oblige to tag goods intended for Russia

In Russia, the rates of excise taxes on strong alcohol, wine and beer increased

In 2020, the Rosselkhoznadzor discovered 27 non-existent laboratories and issued more than 2.6 thousand orders to terminate grain declarations

Foreign manufacturers may be obliged to label goods for Russia

Federal Law of December 30, 2020 N 490-FZ "On beekeeping in the Russian Federation"

Federal Law of December 30, 2020 N 519-FZ "On Amendments to the Federal Law" On Personal Data ""

"Business breakfast" with the Minister of Industry and Trade of the Russian Federation Denis Manturov. the main thing

Natalya Sergunina: Moscow has identified areas of support for creative industries

Mutton consumption in Russia may triple

Russian companies will receive grants of 4 billion rubles for digital transformation and software development

Magnit recorded an increase in demand for New Year's goods in 2020

More than 6 tons of sanctioned cheeses were discovered by Kaliningrad customs officers in a batch of meat products

New buildings will be connected to the Internet without fail

Registration of uniform electronic visas has been suspended in Russia

Retail rules change in Russia

The media learned about the idea to create a single database of profiles for virtual SIM cards

The fruit and berry industry will clear the road. The government approved a "roadmap" for the accelerated development of the sector

The head of "Ashan" in Russia will leave his post

"Russian Trapeza" presented a filling and packaging complex for packing popcorn

Procurement • Re: Do you need a license?

Use our team in Russia to improve your business.

END

---

Data presented by Bankr indicates that the United States oil and gas rigs in operation have dropped by 59.49%. The drop was recorded between February 2020 and November 2020.

Impact of 2020 oil industry crush to impact long term consumption

In February, the rigs were 790 while in November the number was at 320. In March, the rigs plunged to 728 before dropping by 36.2% to 465 in April. As of May, operating rigs stood at 301 and later declined to 265 in June.

The lowest number of operating rigs was in July at 251 which slightly rose in August at 254. The increase continued in September to 261 while in October, the number was 296.

The research also overviewed the weekly Brent, OPEC Basket, and WTI crude oil prices between December 30, 2019, to December 7, 2020. During the period, the OPEC basket dropped by 30.65% with the lowest price at $14.19 on April 20.

WTI crude oil prices plunged by 25.81% while April 20 registered the lowest price at -$37.63. Elsewhere, the Brent price plummeted by 28.71% and the lowest value was on April 28 at $20.46.

The Bankr research offered insight into the future outlook of the oil industry as recovery from the pandemic continues. According to the research report:

“Going into 2021, the pandemic’s full effect on the oil rigs and prices cannot be fully quantified. The crush might have a lasting impact on consumption due to changing consumer behavior. In the long-term, the pandemic is likely to affect oil consumption as people cut on air travel for business with a preference for remote working. Working from home trends might also lower the gasoline demand.”

The full story, statistics and information can be found here.

by Rina

BEGIN

Russian business news headlines in English so that you can decide what to translate.

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email: NewsCentre@volgatrader.com

New sanitary requirements for working conditions approved in Russia

The Concept of electronic document management in economic activity was approved

The government allocated 4.7 billion rubles to support millers and bakers

Victoria Abramchenko: The experiment on wood traceability at LeEGAIS starts on January 1, 2021

"Russkaya Trapeza" has manufactured a high-speed packaging line for the confectionery factory "Permskaya"

Construction waste dump near Moscow State University will be liquidated as soon as possible

The Federal Center will allocate 12.7 billion rubles to St. Petersburg for road construction

The Ministry of Labor has estimated the size of the subsistence minimum in 2020

Jewelers asked to postpone the introduction of mandatory jewelry labeling

In Russia, the rules for the disposal of packaging of goods for manufacturers have been approved

Victoria Abramchenko approved the Concept of extended producer responsibility

Results of 2020: bookmarks of new ships and vessels

Russian customs officials have revealed an unusual scheme for the import of sanctioned products; 20 tons of Polish pears were detained in the Moscow region

Which cow is the most profitable to raise

Check which international road haulage permits you need

Russia in 2020 broke the record of the entire USSR for the generation of electricity at nuclear power plants

Taxes, benefits, rewards: which laws and programs for business came into force on January 1

In Russia, the minimum wage and the living wage have been increased

Electronic work books are introduced in Russia

From July 1, 2021, it will be possible to obtain a qualified electronic signature for legal entities, individual entrepreneurs and notaries free of charge

Since January 1, labeling of light industry products has become mandatory

Russians were allowed to legally go to remote work

In Russia, they began to calculate the minimum wage and the cost of living in a new way

Admiralty shipyards began cutting metal for the fifth trawler of ST-192 project

A new automated mill complex opened in Borisoglebsk, Voronezh region

Rosselkhoznadzor will monitor the use of pesticides and agrochemicals

The felling and sale of timber is now controlled by the electronic state system

Taxes in the oil industry have increased in Russia

We don’t eat someone else’s: meat imports fell sharply

A new production facility for bottling mineral and drinking water was opened in Bashkiria

Procurement News • The guillotine takes on the properties of a meat grinder

Khabib registered a network of fitness clubs and a sports school in Russia

Top 11 technological achievements of Russia in 2020

Overview: 14 new production facilities opened in Russia in October 2020

Kolchuginsky plant "Elektrokabel" continues to modernize production

In the Leningrad region, 737 landfills were liquidated in 2020

Revenue of Russian cinemas in 2020 decreased by 58%

Hereditary veterinarian, ex-head of the veterinary department of the Ministry of Agriculture of Russia Mikhail Kravchuk passed away

Achieved world leadership of Russia in reference measuring and calibration capabilities

Putin instructed to pass laws on artificial intelligence

Penza machine-tool plant: the thousandth machine is sent to Denmark

In 2020, at the G.S. Titov received 5 new satellite communication stations

In Russia, the system of sanitary and epidemiological supervision is being modernized

The expert lists the largest data breaches in Russia in 2020

Grape and wine-making zones will appear in Russia

How the jewelry market will change in 2021

Mikhail Mishustin signed a decree on the register of microelectronics developers for tax incentives in support of the IT industry

Separate waste collection will require the creation of a market for recycled materials

Russian Copper Company has completed the next stage of modernization of enterprises

Advantages of turnkey frame houses

New sanitary requirements for working conditions approved in Russia

The Concept of electronic document management in economic activity was approved

The government allocated 4.7 billion rubles to support millers and bakers

Victoria Abramchenko: Experiment on wood traceability at LeEGAIS starts on January 1, 2021

"Russkaya Trapeza" has manufactured a high-speed packaging line for the confectionery factory "Permskaya"

Construction waste dump near Moscow State University will be liquidated as soon as possible

The Federal Center will allocate 12.7 billion rubles to St. Petersburg for road construction

The Ministry of Labor has estimated the size of the subsistence minimum in 2020

Jewelers asked to postpone the introduction of mandatory jewelry labeling

In Russia, the rules for the disposal of packaging of goods for manufacturers have been approved

Victoria Abramchenko approved the Concept of extended producer responsibility

Results of 2020: bookmarks of new ships and vessels

Russian customs officials have uncovered an unusual scheme for the import of sanctioned products; 20 tons of Polish pears were detained in the Moscow region

Which cow is the most profitable to raise

Check which international road haulage permits you need

Russia in 2020 broke the record of the entire USSR for the generation of electricity at nuclear power plants

Taxes, benefits, rewards: which laws and programs for business came into force on January 1

In Russia, the minimum wage and the living wage have been increased

Electronic work books are introduced in Russia

From July 1, 2021, it will be possible to obtain a qualified electronic signature for legal entities, individual entrepreneurs and notaries free of charge

From January 1, labeling of light industry products has become mandatory

Russians were allowed to legally go to remote work

In Russia, they began to calculate the minimum wage and the cost of living in a new way

Admiralty shipyards began cutting metal for the fifth trawler of ST-192 project

A new automated mill complex was opened in Borisoglebsk, Voronezh region

Rosselkhoznadzor will monitor the use of pesticides and agrochemicals

The felling and sale of timber is now controlled by the electronic state system

Oil industry taxes have increased in Russia

We don’t eat someone else's: meat imports fell sharply

A new production facility for bottling mineral and drinking water was opened in Bashkiria

Procurement news • The guillotine takes on the properties of a meat grinder

Khabib registered a network of fitness clubs and a sports school in Russia

Top 11 technological achievements of Russia in 2020

Overview: 14 new production facilities opened in Russia in October 2020

Kolchuginsky plant "Elektrokabel" continues to modernize production

In the Leningrad region in 2020, 737 landfills were liquidated

Revenue of Russian cinemas in 2020 decreased by 58%

Hereditary veterinarian, ex-head of the veterinary department of the Ministry of Agriculture of Russia Mikhail Kravchuk passed away

Achieved world leadership of Russia in reference measuring and calibration capabilities

Putin instructed to pass laws on artificial intelligence

Penza machine-tool plant: the thousandth machine is sent to Denmark

In 2020, at the G.S. Titov received 5 new satellite communication stations

In Russia, the system of sanitary and epidemiological supervision is being modernized

The expert lists the largest data breaches in Russia in 2020

Grape and wine-growing zones will appear in Russia

How the jewelry market will change in 2021

Mikhail Mishustin signed a decree on the register of microelectronics developers for tax incentives in support of the IT industry

Separate waste collection will require the creation of a market for recycled materials

Russian Copper Company has carried out the next stage of modernization of enterprises

Advantages of turnkey frame houses

Use our team in Russia to improve your business.

END

---

BEGIN

Russian business news headlines in English

Click on the headline to see the original story in Russian. Have you found an opportunity? Contact us to follow it through.

email: NewsCentre@volgatrader.com

New sanitary requirements for working conditions approved in Russia

The Concept of electronic document management in economic activity was approved

The government allocated 4.7 billion rubles to support millers and bakers

Victoria Abramchenko: The experiment on wood traceability at LeEGAIS starts on January 1, 2021

"Russkaya Trapeza" has manufactured a high-speed packaging line for the confectionery factory "Permskaya"

Construction waste dump near Moscow State University will be liquidated as soon as possible

The Federal Center will allocate 12.7 billion rubles to St. Petersburg for road construction

The Ministry of Labor has estimated the size of the subsistence minimum in 2020

Jewelers asked to postpone the introduction of mandatory jewelry labeling

In Russia, the rules for the disposal of packaging of goods for manufacturers have been approved

Victoria Abramchenko approved the Concept of extended producer responsibility

Results of 2020: bookmarks of new ships and vessels

Russian customs officials have revealed an unusual scheme for the import of sanctioned products; 20 tons of Polish pears were detained in the Moscow region

Which cow is the most profitable to raise

Check which international road haulage permits you need

Russia in 2020 broke the record of the entire USSR for the generation of electricity at nuclear power plants

Taxes, benefits, rewards: which laws and programs for business came into force on January 1

In Russia, the minimum wage and the living wage have been increased

Electronic work books are introduced in Russia

From July 1, 2021, it will be possible to obtain a qualified electronic signature for legal entities, individual entrepreneurs and notaries free of charge

Since January 1, labeling of light industry products has become mandatory

Russians were allowed to legally go to remote work

In Russia, they began to calculate the minimum wage and the cost of living in a new way

Admiralty shipyards began cutting metal for the fifth trawler of ST-192 project

A new automated mill complex opened in Borisoglebsk, Voronezh region

Rosselkhoznadzor will monitor the use of pesticides and agrochemicals

The felling and sale of timber is now controlled by the electronic state system

Taxes in the oil industry have increased in Russia

We don’t eat someone else’s: meat imports fell sharply

A new production facility for bottling mineral and drinking water was opened in Bashkiria

Procurement News • The guillotine takes on the properties of a meat grinder

Khabib registered a network of fitness clubs and a sports school in Russia

Top 11 technological achievements of Russia in 2020

Overview: 14 new production facilities opened in Russia in October 2020

Kolchuginsky plant "Elektrokabel" continues to modernize production

In the Leningrad region, 737 landfills were liquidated in 2020

Revenue of Russian cinemas in 2020 decreased by 58%

Hereditary veterinarian, ex-head of the veterinary department of the Ministry of Agriculture of Russia Mikhail Kravchuk passed away

Achieved world leadership of Russia in reference measuring and calibration capabilities

Putin instructed to pass laws on artificial intelligence

Penza machine-tool plant: the thousandth machine is sent to Denmark

In 2020, at the G.S. Titov received 5 new satellite communication stations

In Russia, the system of sanitary and epidemiological supervision is being modernized

The expert lists the largest data breaches in Russia in 2020

Grape and wine-making zones will appear in Russia

How the jewelry market will change in 2021

Mikhail Mishustin signed a decree on the register of microelectronics developers for tax incentives in support of the IT industry

Separate waste collection will require the creation of a market for recycled materials

Russian Copper Company has completed the next stage of modernization of enterprises

Advantages of turnkey frame houses

New sanitary requirements for working conditions approved in Russia

The Concept of electronic document management in economic activity was approved

The government allocated 4.7 billion rubles to support millers and bakers

Victoria Abramchenko: Experiment on wood traceability at LeEGAIS starts on January 1, 2021

"Russkaya Trapeza" has manufactured a high-speed packaging line for the confectionery factory "Permskaya"

Construction waste dump near Moscow State University will be liquidated as soon as possible

The Federal Center will allocate 12.7 billion rubles to St. Petersburg for road construction

The Ministry of Labor has estimated the size of the subsistence minimum in 2020

Jewelers asked to postpone the introduction of mandatory jewelry labeling

In Russia, the rules for the disposal of packaging of goods for manufacturers have been approved

Victoria Abramchenko approved the Concept of extended producer responsibility

Results of 2020: bookmarks of new ships and vessels

Russian customs officials have uncovered an unusual scheme for the import of sanctioned products; 20 tons of Polish pears were detained in the Moscow region

Which cow is the most profitable to raise

Check which international road haulage permits you need

Russia in 2020 broke the record of the entire USSR for the generation of electricity at nuclear power plants

Taxes, benefits, rewards: which laws and programs for business came into force on January 1

In Russia, the minimum wage and the living wage have been increased

Electronic work books are introduced in Russia

From July 1, 2021, it will be possible to obtain a qualified electronic signature for legal entities, individual entrepreneurs and notaries free of charge

From January 1, labeling of light industry products has become mandatory

Russians were allowed to legally go to remote work

In Russia, they began to calculate the minimum wage and the cost of living in a new way

Admiralty shipyards began cutting metal for the fifth trawler of ST-192 project

A new automated mill complex was opened in Borisoglebsk, Voronezh region

Rosselkhoznadzor will monitor the use of pesticides and agrochemicals

The felling and sale of timber is now controlled by the electronic state system

Oil industry taxes have increased in Russia

We don’t eat someone else's: meat imports fell sharply

A new production facility for bottling mineral and drinking water was opened in Bashkiria

Procurement news • The guillotine takes on the properties of a meat grinder

Khabib registered a network of fitness clubs and a sports school in Russia

Top 11 technological achievements of Russia in 2020

Overview: 14 new production facilities opened in Russia in October 2020

Kolchuginsky plant "Elektrokabel" continues to modernize production

In the Leningrad region in 2020, 737 landfills were liquidated

Revenue of Russian cinemas in 2020 decreased by 58%

Hereditary veterinarian, ex-head of the veterinary department of the Ministry of Agriculture of Russia Mikhail Kravchuk passed away

Achieved world leadership of Russia in reference measuring and calibration capabilities

Putin instructed to pass laws on artificial intelligence

Penza machine-tool plant: the thousandth machine is sent to Denmark

In 2020, at the G.S. Titov received 5 new satellite communication stations

In Russia, the system of sanitary and epidemiological supervision is being modernized

The expert lists the largest data breaches in Russia in 2020

Grape and wine-growing zones will appear in Russia

How the jewelry market will change in 2021

Mikhail Mishustin signed a decree on the register of microelectronics developers for tax incentives in support of the IT industry

Separate waste collection will require the creation of a market for recycled materials

Russian Copper Company has carried out the next stage of modernization of enterprises

Advantages of turnkey frame houses

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