Business and finance

France Shuts Trade Agency in Russia Over Worsening Conditions

2 days ago 7ring 0
France has decided to shut its Business France trade agency in Russia after what it said on Monday was a long period of negotiations with local authorities following Moscow’s expulsion of its director. Moscow’s ties with European Union countries are strained after Russia’s annexation of Crimea in 2014, its involvement in Syria and eastern Ukraine Read More

Yandex to Expand UberEats in Russia With Local Acquisition

3 weeks ago 7ring Comments Off on Yandex to Expand UberEats in Russia With Local Acquisition
(Bloomberg) — Yandex NV, Russia’s largest search engine, bought local food-delivery firm Foodfox to expand its tie-up with Uber Technologies Inc. in the country, according to a statement Monday. Uber agreed in July to merge its business in Russia and CIS with Yandex into a $3.7 billion joint venture to be controlled by the Russian company, Read More

Foreign Investors Fleeing Russia in 2017, Withdraw Nearly $1 Bln

3 weeks ago 7ring Comments Off on Foreign Investors Fleeing Russia in 2017, Withdraw Nearly $1 Bln
Foreign investors have withdrawn nearly $1 billion from the Russian economy in 2017, with capital flight increasing in December in anticipation of fresh U.S. sanctions.  Next February, the U.S. administration is expected to expand anti-Russian sanctions to include businessmen with Kremlin ties, increasing the risks for foreign investors in Russia. In a note earlier this Read More

Putin Tries to Lure $1 Trillion Home as Sanctions Fear Grows

3 weeks ago 7ring Comments Off on Putin Tries to Lure $1 Trillion Home as Sanctions Fear Grows
Vladimir Putin / Kremlin Press Service (Bloomberg) — President Vladimir Putin is using the threat of additional U.S. sanctions to encourage wealthy Russians to repatriate some of their overseas assets, which exceed $1 trillion by one estimate. Putin told lawmakers late Monday that a new capital amnesty program was needed “given the foreign restrictions, which instead Read More

Russia Blacklists Hotels Guilty of Inflating Prices for World Cup

3 weeks ago 7ring Comments Off on Russia Blacklists Hotels Guilty of Inflating Prices for World Cup
Russia’s Federal Tourism Agency has said that it will create a public blacklist for hotels that hike their prices for the 2018 World Cup. The agency has already identified several hotels guilty of price inflation in Volgograd and Saransk, among other cities. Prices for hotel rooms in these cities rose 40 times, the head of the Read More

Russia to Keep Its Grip on Europe’s Gas Market After Record 2017

3 weeks ago 7ring Comments Off on Russia to Keep Its Grip on Europe’s Gas Market After Record 2017
(Bloomberg) —  Russia is working to keep natural gas exports to Europe near record levels in 2018 after the continent’s biggest supplier, Gazprom PJSC, said its deliveries this year signal it is achieving on its ambitions to expand. The state-controlled gas giant plans to ship a minimum of 180 billion cubic meters next year, Deputy Read More

International Parks Forum in Zaryadye park on June 28.

3 weeks ago 7ring Comments Off on International Parks Forum in Zaryadye park on June 28.
The International Parks Forum, which will bring together the best practices of Moscow, Budapest, London and Amsterdam in the field of landscaping, architecture and eco-urbanism, will take place in Zaryadye park. The International Parks Forum will unite Russian and foreign specialists in the field of urban and landscape architecture, as well as designers and researchers Read More

BudFinder map

3 weeks ago 7ring Comments Off on BudFinder map
Beer and football is a traditional combination for millions football fans all over the world. However, in Moscow, some media are concerned about the lack of beer in the restaurants and bars in the capital of Russia. The FIFA World Cup’s official sponsor and other brewing companies assure that these worries are unreasonable and confirm Read More

Russia’s World Cup Will Pay Off. Just Not Today (Op-ed)

4 weeks ago 7ring Comments Off on Russia’s World Cup Will Pay Off. Just Not Today (Op-ed)
A ruble for every kopeck? Francois Lenoir / Reuters With a price tag of around $50 billion, headlines in the run-up to the Sochi Winter Olympics in 2014 were quick to dub them “the most expensive Games ever.” The World Cup also comes with a big bill — and criticism.  The Russian government has earmarked Read More

HKUST & SKOLKOVO business schools launch a dual-degree international Executive MBA programme

1 month ago 7ring Comments Off on HKUST & SKOLKOVO business schools launch a dual-degree international Executive MBA programme
The leading Russian private business school SKOLKOVO has announced a launch of a new programme in partnership with Hong Kong University of Science and Technology (HKUST) – EMBA for Eurasia. Top-managers and entrepreneurs from all over the world will learn to become the new leaders of Eurasian region. They will study in seven countries at the Read More