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Medvedev wants econ growth ensured with internal sources

Russias economic growth should be ensured with internal sources, not with commodity prices, Prime Minister Dmitry Medvedev said at the United Russia party meeting on Monday.

Russia may build South Stream under EU, Bulgaria guarantees

Russia is ready to build the South Stream gas pipeline if the European Commission and Bulgaria provide official guarantees, Energy Minister Alexander Novak said in an interview with Rossiya 24 TV channel on Tuesday.

Russias Chelyabinsk Zinc Plant sees net profit halving in 2016

The net profit of Russias Chelyabinsk Zinc Plant is to nearly halve to 1.768 billion rubles in 2016, as calculated under International Financial Reporting Standards (IFRS), according to documents seen by PRIME on Tuesday.

FOCUS: Russian smartphone sales rise despite falling incomes as choice expands

In the face of the ongoing economic crisis, the Russian market of smartphones prospers with a 40% growth in money and a 10% increase in natural terms in JanuaryMay. Retailers explained the demand for new handsets by promotions and discounts, as well as by a wide range of affordable devices from B brands with an LTE-support option in focus.
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ST.PETERSBURG, Jun 16 (PRIME) -- Russias top bank Sberbank will launch an e-wallet, which will store huge volumes of information, including PIN codes of credit cards and passwords confidentially in AugustNovember, Stanislav Kuznetsov, deputy chairman of the banks executive board, told PRIME in an interview.
Central Bank Official Rate
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