Everyone needs medicine but Russia is a long way from being able to produce everything for itself; despite the import-substitution drive, Russia remains dependent on imports. Pharmaceuticals is a good example of the development of the retail business and has been largely unaffected by the crises.
WoE ITI Funds democratising the asset management business Since the fall of the Soviet Union Russia has embraced capitalism and the one thing it is really good at is managing money. World Bank studies have found Russia financial system is on a par with western peers and the Russian Central Bank
Russia’s taxi business has become ultra-competitive. Already running for several years, the incumbent Yandex.Taxi subsidies its drivers and won’t go into profit until maybe this year. It has already forced Uber into a merger and may IPO in the next two years. In this shark tank the gypsy cabs
A record 56mn Russians - one in three people in the country - went to the movies last year earning the leading cinema chains a record box office take of $200mn. The industry has been growing by 10% a year for the last five years – three times faster than the real economy – making it the big
2018 was a tough year for New Europe with the military conflict in Eastern Europe escalating following a naval clash between Russia and Ukraine in the Sea of Azov and a full scale currency crisis in Turkey that has hobbled the economy dominating the headlines. And the prospects for 2019 don't loo
Russia has been called a petroecongomy and over reliant on the simple business of pulling oil and gas out of the ground and sending it down a pipeline to the international markets. Sibur is Russia’s biggest petrochemical company and is going up the value chain. The company’s $9bn ZapSib plant ba
Crisis, sanctions, an economic slow down have all impacted the appeal of Russia’s equity story and the pie has gotten smaller. However, as the big international houses scale back and move their research to London, while the household broker/dealer names from the 90s have either sold to state-owned
Fintech and e-commerce is growing ten-times faster than the rest of the Russian economy as the leading companies leapfrog over several stages of development. bne IntelliNews editor-in-chief Ben Aris hosted a fintech panel at the recent Moscow Exchange (MOEX) annual investment summit in New York w
p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Verdana} The military phase of the conflict in Syria seems to be coming to an end. There is only one rebel hold out in Idlib and Russia’s president Vladimir Putin has officially said Russia will pull out (although the Russian forces ther