Russia and Iran to eliminate customs duties
Russia and Iran have agreed to eliminate duties on imported goods from both countries until March 2024, member of the Joint Iran-Russia Chamber …
business in Russia
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Russian economy to grow by 2.5% Anton Siluanov says
Russian Finance Minister Anton Siluanov announced the final summer forecasts for 2023
Ozon to deliver goods from Armenia to Russia
Ozon Marketplace has opened a representative office and sorting center in Yerevan, the company said in a press release. The sorting center in Yerevan will ensure orders are received, processed, assembled and packaged for delivery, as …
Wildberries plans to expand service network in Armenia
Armenian President Vahagn Khachaturyan received executive director of Wildberries Tatiana Bakalchuk, the Armenian presidential press service reported. During the meeting, the prospects and possibilities of e-commerce development, …
IT-specialists return to Russia from Caucasus, East
Every 5th Russian IT-specialist who left his homeland at the beginning of this year has already returned home
Uniqlo,Adidas consider reopening in Russia
The Uniqlo and Adidas brands have not decided to leave Russia, these companies are looking for a solution
Former IKEA factories resume furniture production
Russian furniture enterprises, that previously produced IKEA furniture, are restarting production
Arabic Home Box may replace IKEA in Russia
© Photo: Maria Novoselova / Vestnik Kavkaza The Arab network Home Box may replace IKEA in Russia. The first store may appear in Moscow in 2023. Home Box, the UAE chain of home goods stores, may …
Moscow Region businessmen to visit Azerbaijan
Entrepreneurs from the Moscow Region may soon visit Azerbaijan as part of a business mission
Adidas mulls selling Russian business
German sportswear giant Adidas could transfer its business in Russia to a foreign investor, Kommersant reported, citing sources. The move would mean reopening about a hundred stores in Russia, the news outlet said. …
Swarovski leaves Russia
The manufacturer of jewelry crystals has decided to leave Russia. The exact day of exit is not called. The sale of Swarovski products was stopped in Russia a year ago.
Yandex Eats starts operating in Uzbekistan
Yandex Eats, the food and restaurant order delivery division of Russian technology group Yandex , has launched operations in Uzbekistan. Users can currently access orders from 200 establishments in Tashkent. Going forward the service …
Vkusvill launches food sales in UAE
Russian retailer Vkusvill has begun selling its food products in Dubai through express delivery service YallaMarket, the company said. The project was launched on a trial basis at the end of December, based on which Vkusvill decided to …
What services lead in terms of data leakage in Russia
Retail and delivery were the leading sectors in terms of leaked information in 2022, according to a report by Kaspersky Lab.
Egyptian businessmen to visit Stavropol Territory
In 2023, the Stavropol Territory will exchange business missions with Egypt. During the trips, the parties will discuss the potential for cooperation and exchange specific proposals.
Elopak expects to leave Russia in early 2023
Elopak expects that the transaction on the transfer of the Russian business to the local management will be completed in the first quarter of 2023, the Norwegian packaging producer said in the statement posted on the website of the Oslo Stock …
VTB becomes owner of Otkritie bank
The Bank of Russia withdrew from the capital of Otkritie Bank, 100% of the shares were transferred to VTB, the Bank of Russia announced in a press release on Tuesday. "VTB Bank has fulfilled its obligations to the Bank of Russia by …
Amcor packaging producer sells its factories in Russia
Amcor, an international packaging company, has completed a deal to sell three factories in Russia. "Amcor announced today it completed the sale of its three factories in Russia to HS Investments, a Russian-based investor, after …
Russian Central Bank selling Otkritie to VTB, deal to close by end-2022
The Central Bank of Russia has signed a deal to sell 100% of shares in Otkritie Bank to the VTB Group for 340 billion rubles, the regulator said in a statement. VTB will pay a cash consideration of 233.1 billion rubles plus federal loan …
Holcim divests business in Russia
Holcim said on Wednesday it would exit Russia, adding that the business there would then operate independently under a different brand. Holcim sold its Russian unit to the local management team, it added. The sale will have no …
