German exports to Russia last year rose by more than a fifth over 2016, according to data by Germany’s Federal Statistical Office (Destatis).
Russia’s consumer price index performed better in 2017 than most of its regional EU neighbors, and inflation across the EAEU in 2017 did not exceed the ceiling set by the Treaty on the Eurasian Economic Union.
Russia increased its import of goods from non-CIS countries in 2017. European and Asian based manufacturers should be examining tax and trade agreements with Russia, and look at opportunities that can arise from establishing a sales presence in the country.
Russia has raised the monthly minimum wage level from January 1 to 9,489 rubles (US$165), and is becoming more competitive when compared with South-East Asia. Here we discuss why the comparison is significant.
In this article, we discuss why banks in Singapore and Hong Kong may not feel compelled to implement any new US sanctions guidelines on Russian account holders.
We discuss the growing trade and investment ties between Russia and Singapore; the Singapore government has begun promoting Russia as a key investment destination and Russian businesses and investors prefer Singapore as a base when looking at the ASEAN markets.
We discuss an influx of Russian businesses and finance coming into Hong Kong, driven both by the favorable tax conditions, as well as by the need for Russian businesses to diversify into Asian markets.
Russia is under sanctions from the EU, which has seen its trade with Russia drop significantly; at the same time, Russia has emerged as a direct competitor against the EU for China trade. Russia-China trade will reach €70 billion this year, showing a growth of around 30 percent.
Russian Railways is considering launching a passenger train along the route St. Petersburg – Kaliningrad – Berlin, passing through Latvia, Lithuania and Poland en route, Victor Golomolzin, the CEO of Kaliningrad Railroad, part of Russian Railways told journalists last week. The route, which is currently connected, yet remains unused, will require some upgrading to bring it to contemporary standards. At present[…..]
Russian Railways has completed the construction of a rail link that keeps away from the Lugansk region of Ukraine, bypassing the country entirely. Service is expected to start in September. A test train of a locomotive and freight cars has already run through the completed stretch, Russian Railways have said. The construction of the rail link between Zhuravka[…..]