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IMF worsens forecast for Russias GDP growth in 2019 to 1.1%

WASHINGTON, Oct 15 (PRIME) -- The International Monetary Fund (IMF) has again worsened its Russias 2019 growth forecast by 0.1 percentage point to 1.1% following a revision of the average annual oil price forecast, the IMF said on Tuesday in its World Economic Outlook.

PRESS: Aeroflot to cut fleet first time in 12 years

Russian national flagship carrier Aeroflot plans to reduce its fleet for the first time in 12 years, business daily Vedomosti reported Tuesday citing the companys documents.

Norilsk Nickel, Russian Platinum JV can become leading platinum maker

Arktik Palladiy, a joint venture (JV) between Norilsk Nickel and Russian Platinum, will gradually raise its production to 120 tonnes of platinum group metals per year, making it the worlds top producer, President of Russian Platinum Musa Bazhayev said at a meeting of the RussianSaudi economic council on Monday.

FOCUS: Major mobile operators channel resources into booming e-sports industry

In an effort to transform into digital eco-systems, top mobile operators have found a point of growth in computer games and e-sports as half of Russia are gamers. MegaFon teams up with U.S. video game developer Blizzard Entertainment and VimpelCom is going to offer game consoles and subscriptions.
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YEKATERINBURG, Jul 10 (PRIME) -- German industrial giant Siemens has submitted an official request to Russia's Industry and Trade Ministry to sign a special investment contract on 100% domestic production of heavy-capacity gas turbines by the middle of 2023, President of Siemens Russia Alexander Liberov said in an interview with PRIME on Wednesday.
Central Bank Official Rate
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EUR 70.8473 -0.0832 16 oct
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MICEX Ruble Trading
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