Russia
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Russian Airliner’s Unique Move to Avoid Ukraine Flight Ban
Russian Airliner’s Unique Move to Avoid Ukraine Flight Ban
March 02, 2016Russian airline S7, has found an unusual way to bypass the Ukrainian flight ban to Russian airlines over the [...]
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Russian Vodka Exports Down 40%
Russian Vodka Exports Down 40%
March 01, 2016Russian vodka exports fell by 40% in 2015 compared to the previous year based on US dollar values. The dramatic [...]
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Russia’s Vkontakte Revenues Grow 44% Last Year
Russia’s Vkontakte Revenues Grow 44% Last Year
February 29, 2016Russia’s major social network website, Vkontakte has seen revenues grow by 44% in 2015 compared to the [...]
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Japanese Brands Pulling Out of Russia
Japanese Brands Pulling Out of Russia
February 24, 2016The Kommersant newspaper in Russia has reported that Japanese television manufacturers are pulling out of the [...]
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Gazprom CEO Given Another Five Years
Gazprom CEO Given Another Five Years
February 17, 2016Alexei Miller, the head of Russian state owned gas company, Gazprom, is set to remain at the helm for a further [...]
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Russian Personal Debt Rose 30% Last Year
Russian Personal Debt Rose 30% Last Year
February 14, 2016Personal debt in Russia rose by 30% in 2015 according to Vladimir Shikin, the deputy director of the National [...]
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Lukoil to Sell Polish and Baltic Petrol Stations
Lukoil to Sell Polish and Baltic Petrol Stations
February 09, 2016Lukoil, the largest private oil company in Russia is to sell its petrol stations in Poland, Lithuania and Latvia. [...]
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Mergers & Acquisitions Fall Again in CEE
Mergers & Acquisitions Fall Again in CEE
February 01, 2016The number of mergers & acquisitions in Central & Eastern Europe has fallen for the fourth consecutive year [...]
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Russian Mortgage Holders Wont be Helped, Says Bank
Russian Mortgage Holders Wont be Helped, Says Bank
January 29, 2016Denis Kovalex, the deputy board chairman at DeltaCredit bank, has said that demands for a bailout for foreign [...]
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Real Wages Fall 9.5% in Russia in 2015
Real Wages Fall 9.5% in Russia in 2015
January 27, 2016Russia’s state statistic service, Rosstat released statistics on Monday showing that real wages in the [...]
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Car Sales in Russia Collapse in 2015
Car Sales in Russia Collapse in 2015
January 15, 2016Sales of new cars in Russia fell by 35.7% in 2015, according to the Automobile Manufacturers Committee (AEB). A [...]
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Turkish Owned Swissotel in Moscow Shuts Following Imposed Sanctions
Turkish Owned Swissotel in Moscow Shuts Following Imposed Sanctions
January 08, 2016Russian sanctions on Turkey appeared to have forced the closure of Turkish owned Swissotel in Moscow. The RBC news [...]
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Falling Oil Prices Drag Ruble Down
Falling Oil Prices Drag Ruble Down
January 06, 2016With global oil prices dropping further, Russia’s currency has begun to fall in value again. Today, crude oil [...]
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Regulator to Look into Overgas in Bulgaria
Regulator to Look into Overgas in Bulgaria
January 06, 2016Bulgaria’s energy regulator is to look into the dealings of the company Overgas. It has been sparked by [...]
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Netflix to Enter Russia
Netflix to Enter Russia
January 05, 2016US streaming service, Netflix is set to launch in Russia this month according to reports in the country. [...]
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Food Production Failing to Make up for Sanctions in Russia
Food Production Failing to Make up for Sanctions in Russia
December 17, 2015In a report issued by the Russian Central Bank, food producers in the country are failing to meet the demand for [...]
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Russian Minimum Wage to Increase in New Year
Russian Minimum Wage to Increase in New Year
December 17, 2015The minimum wage in Russia is due to increase on the 1st January to 6,204 rubles (€81) per month. According to the [...]
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Crimea Without Electricity After Pylons Destroyed
Crimea Without Electricity After Pylons Destroyed
November 22, 2015Pylons carrying power to Crimea were blown up on Saturday night, plunging the entire region into darkness. Two [...]
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Gazprom CEO, Russia’s Highest Paid Executive
Gazprom CEO, Russia’s Highest Paid Executive
November 21, 2015Alexei Miller, CEO of Russian gas giant, Gazprom, is the highest paid executive in Russia according to the Russian [...]
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Germany And China Battling for Russia’s High Speed Railway Contract
Germany And China Battling for Russia’s High Speed Railway Contract
November 19, 2015Russian Railways have said they prefer the Chinese offer to built the Moscow to Kazan high speed railway line, over [...]