The e-commerce market in Russia is constantly growing. The volume of cross-border trade in Q1, 2016, grew more than twice compared with the same period in 2015. In 2017, Russian buyers will spend 37 percent more via foreign online stores than in the past. According to AKIT, the association of e-commerce companies, online sales volume[…..]
Russia has taken over from Saudi Arabia as the world’s largest supplier of crude oil, according to the Riyadh based Joint Organisations Data Initiative. This development will benefit China’s Silk Road infrastructure ambitions, which link Russian oilfields directly to China.
By Marina Romanova Since Friday, November 17 LinkedIn is officially blocked for around 6 million Russians, who have accounts in the world’s largest job searching engine. Russia’s Roskomnadzor communications watchdog, told Interfax news agency on Thursday that the website would be blocked within 24 hours, and a number of Internet service providers appeared to have immediately begun blocking the website,[…..]
By Marina Romanova According to the national railway operator, Kazakhstan Railways is setting up a cargo airline in partnership with national carrier Air Astana. The first national cargo airline will begin to operate in 2017 with China, Europe, Iran, Russia and Turkey among its first destinations. The new transportation project aim is to strengthen Kazakhstan’s[…..]
By Marina Romanova Russian steelmaker found the way to lower the effect of severe anti-dumping duties levied by the EU on Russian steel in August 2016. According to Vadim Larin, chief executive of Severstal, Russia’s fourth-largest steelmaker, the firm is exporting Chinese cold rolled steel to the European Union instead of Russian one, because EU[…..]
By Marina Romanova 10 Russian financial institutions including VTB 24, Alfa-Bank, Tinkoff Bank and Raiffeisen bank are planning to launch Apple Pay following the market leader, state owned Sberbank, which has launched Apple contactless payment service since last week, Russian media reports. According to the appleinsider.com, at launch, participating retailers include ATAK, Aushan, Azbuka Vkusa,[…..]
By Marina Romanova Russia and Kazakhstan plan to build a 400,000 TEU international logistic center ‘Central Dry Port’ in Moscow suburbs, Russian daily Kommersant reports. Russian firm Coalco Development and KTZExpress, subsidiary of Kazakhstan’s Railways, signed an agreement on this project on October 5th. The construction site of the logistics hub handling containers passing along[…..]
By Marina Romanova Online education industry, also known as e–learning, is growing fast in Russia, and according to the experts forecast, is expected to grow by 25 percent a year, Russian daily Kommersant reports. Statistics reveal that the world e-learning market is worth around US$107 billion and one of its major markets – Eastern Europe –[…..]
By Marina Romanova A day ahead of the Second Eurasian Economic Forum, Russian PJSC Alrosa, the world’s largest producer of rough diamonds, has open its Eurasian Diamond Centre in Far Eastern port-city of Vladivostok. According to the miner press release, the company wants to boost gem sales to Asia-Pacific nations, including China, India, Japan, and[…..]
By Marina Romanova This summer London’s Russian art sales at four London auction houses – Sotheby’s, Christie’s, Bonhams and MacDougall’s – were the lowest in over a decade in records dating to 2007 at £16.4 million (around US$21.5m), falling short of their £17.7 million (US$23.2m) target, according to the UK and international press. In 2015[…..]