You searched for "russia" (10 results found)

Russia Prepares Urgent Measures to Support Consumer Market

  • 31 Mar 09:07

Russia Prepares Urgent Measures to Support Consumer Market Russian Minister of Industry and Trade Denis Manturov has proposed to Prime Minister Mikhail Mishustin a series of urgent measures to support the consumer market for a term of six months,TASSreports citing a letter sent to the government, whose authenticity was confirmed by two sources. The package of measures for a period from March 28 to September 28, 2020 covers all segments of business – both small non-networked and network business and businesses service the consumer market, including production of consumer goods, public catering, wholesale and retail trade, services, commercial estate, logistics – warehouses, logistic centers, pickup. Read more...

Russian authorities want to ensure domestic supply

  • 30 Mar 10:33

Russian authorities want to ensure domestic supply With companies focusing on lucrative export markets, the Russian government is considering measures to ban export of certain food products. Their aim is to ensure domestic supply and prevent turbulence on the domestic market because of the new coronavirus Covid-19 pandemic, deputy Prime Minister Andrey Belousov said. With the exception of a few categories there is no need to introduce that kind of measures right away, Belousov said, adding that the authorities are monitoring the situation on the market. Speaking at the same meeting, Russian President Vladimir Putin called on the government to act “in advance” and introduce all necessary measures timely.. Read more...

Russian Retailers Buy Warehouses as Online Shopping Grows Rapidly

  • 27 Mar 10:29

Russian Retailers Buy Warehouses as Online Shopping Grows Rapidly The growing market for online trade and sales of essential goods stemming from excessive demand has compelled some market participants to look for warehouse space,Kommersantwrites. Against this backdrop, their absorption rate in the Moscow Region grew by 60% in the first quarter of this year, according to the business newspaper. Konstantin Fomichenko, director of the Industrial and Warehouse Department at real estate consultancyKnight Frank, explains that the growing demand for warehouses is ensured by retailers who are actively searching for premises or logistics operators. “Networks are trying to build up stocks of goods and simultaneously lock in. Read more...

Russia to Set up Coronavirus Hotlines for Businesses

  • 24 Mar 10:40

Russia to Set up Coronavirus Hotlines for Businesses A number of Russian state agencies announced Thursday they would open “hotlines” to receive complaints from businessmen and to help them cope with the current difficulties and restrictions caused by the spread of coronavirus, Trans.rureported. Opora Rossii, an organization bringing together Russian small-and medium-sized enterprises, plans to unite its regional hotlines for entrepreneurs in one to accept complaints, Alexander Kalinin, head of the business association, told Russian media. “We are now planning to create a single hot line to receive business complaints related to the pandemic and we are going to announce its launch soon,” he. Read more...

Russia’s Economy Faces Tough Times, Finance Minister Siluanov Admits

  • 19 Mar 11:50

Russia’s Economy Faces Tough Times, Finance Minister Siluanov Admits The situation in the Russian economy is currently not developing in the best way, with a significant deviation from macroeconomic forecasts for 2020, Finance Minister Anton Siluanov said at a meeting of the board of the Federal Treasury, according toRNS. “Unfortunately, the situation is not developing in the best way at the moment, and we deviate from the macroeconomic forecasts that we made for the current year. Of course, this will affect the budget,” Siluanov said. “Now a much more serious factor was added – the coronavirus factor. The problem is not even the virus itself, but the fact is that entire sectors of the economy are shrinking.. Read more...

Demand for cereals, canned foods and pasta grows in Russia

  • 17 Mar 11:35

Demand for cereals, canned foods and pasta grows in Russia Russian largest retail chains recorded a sharp growth in demand for cereals, pasta, canned foods, detergents, and other durable commodities. Retailers believe such an increase in sales is due to the panic caused by coronavirus spread, as well as the ruble's collapse.The retailers deny the possibility of goods shortage and the introduction of purchase restrictions, reports TASS news agency. The companies started buying more basic food necessities in the wake of increased demand. We are working on placing more goods on the shelves of the stores so that the customers felt no discomfort, including by increase of the wholesale. Read more...

Online Food Sales Surge as Virus Closes Russian Restaurants

  • 17 Mar 11:32

Online Food Sales Surge as Virus Closes Russian Restaurants The outbreak of the novel coronavirus has caused a soar in online food orders, Izvestiareportedciting industry groups. Food sales showed the biggest growth in February, by almost 25% in monetary terms, according to the head of the Delovaya Rossiya (Business Russia) Trade Committee Alexei Fedorov. “The coronavirus scare has become another impetus for interest in purchasing food online, since many people are trying to avoid public places,” he said. For his part, Artem Sokolov, CEO of the Association of Internet Commerce Companies (AKIT), told the paper that food sales were one of the fastest growing segments. It enables customers not to show up in crowded. Read more...

The joint Russia-Belarus Collegium of agrarian departments was held online

  • 16 Mar 10:58

The joint Russia-Belarus Collegium of agrarian departments was held online The Minister of Agriculture of the Russian Federation Dmitry Patrushev and the Minister of Agriculture and Food of the Republic of Belarus Anatoly Khotko held a joint board meeting involving the agrarian departments of both countries. The event was also attended by the State Secretary of the Union State Grigory Rapota. The discussed covered agritrade cooperation results and priority areas for further joint work. According to Dmitry Patrushev, the trade turnover of agricultural products and food between Russia and Belarus are still on the rise. In 2019, it grew by 3.2% exceeding $ 5.5 billion in money terms. “By the turnover totals, the Republic of Belarus still. Read more...

Russian economy’s growth rates may drop to zero in 2020 — Accounts Chamber

  • 13 Mar 11:15

Russian economy’s growth rates may drop to zero in 2020 — Accounts Chamber Accordingly, values of all other indicators will be lower, the head of the Accounts Chamber said. Economic growth rates in Russia may decelerate to zero under the current macroeconomic indicators, head of the Accounts Chamber Alexei Kudrin said on Thursday. "Economic growth rates will be close to zero in this year. Accordingly, values of all other indicators will be lower," he said. The Russian budget may not receive 3 trillion rubles ($39.8 bln) of oil and gas revenues against the oil price of $35 a barrel and the US dollar rate of 72 rubles, Kudrin said. "If we target current figures: the [oil] price of approximately $35 [a barrel] and the [dollar]. Read more...

CHERKIZOVO GROUP IMPROVES THE ENVIRONMENTAL FOOTPRINT OF IT’S PRODUCTION FACILITIES

  • 4 Mar 09:35

CHERKIZOVO GROUP IMPROVES THE ENVIRONMENTAL FOOTPRINT OF IT’S PRODUCTION FACILITIES Cherkizovo Group, Russia’s largest manufacturer of meat products, has improved the environmental performance of its production facilities. The result comes on the back of a 71% surge in the Company’s investment into environmental protection last year. In 2019, Cherkizovo Group implemented a number of projects to reduce the environmental impact of its facilities in the Moscow Region and in several regions of the Central Federal District. These included the renovation and modernisation of wastewater treatment plants, the refurbishment of wells and manure removal pipelines and the upgrade of aspiration and ventilation systems. On top of that, some facilities. Read more...