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Economics | Trading | Business  | 10.02.23

Russia to Reduce Oil Production by 500,000 Bpd in March

Russia will voluntarily reduce oil production by 500,000 barrels per day in March in order to contribute to the restoration of market relations, Russian Deputy Prime Minister Alexander Novak said on Friday. “Russia will voluntarily cut production by 500,000 barrels per day in March. This will contribute to the restoration of market relations. When making

Trading | Business  | 28.10.22

Experts Named Russian Regions With Lowest Prices for Used Cars

The regions of Russia where it is most profitable to buy popular used cars have become known to the experts of the Auto.ru portal. They shared the results of their study with the Russian newspaper “Izvestia”.   Analysts of the Auto.ru portal studied the database of ads for sales of popular five-year-old models of used cars

Economics | Business  | 25.05.22

Russia Entered Top 3 European Countries With Most Affordable Gas

Russia took the second place in the ranking of countries on the cheapness of gas for the population. Kazakhstan occupied the first place and Belarus took the third, according to the RIA Novosti study.  To assess the cost of gas for the population, the RIA Rating experts analyzed its prices in rubles. In addition, the

Economics | Business  | 31.01.22

Russia Included in Top 3 European Countries With Lowest Gasoline Prices

Gasoline in Russia has become the second cheapest in Europe in absolute terms. On average, its cost is 51.3 rubles per litre, according to RIA Rating experts.   The lowest gasoline prices in absolute numbers and without reference to the salary of citizens from all 32 European countries for which the rating is calculated are in

Economics | Trading | Business  | 12.01.22

Russian Retailers Limited Margins on Essential Products

The largest retailers in Russia, X5 Group and Magnit, announced the voluntary introduction of restrictions on the growth of trade margins on socially significant goods.  The X5 Group is the leading grocery retail company in Russia that manages the Pyaterochka, Perekrestok, and Chizhik retail chains. Today it was announced that the group introduced a restriction

Economics | Business  | 02.09.21

Avito Recorded Increase in Suburban Real Estate for Rent Volume

The volume of supply of suburban real estate for short-term rent increased by 36.4 per cent in August 2021 compared to the same month of 2020, TASS reports with reference to the Head of the Direction of short-term rental “Avito Real Estate” Artem Kromochkin.  “In general, in Russia for the year, the volume of offers