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First Carrefour to be opened soon in Almaty

First Carrefour to be opened soon in Almaty

Almaty city administration is working hard to attract foreign investments to the city’s economy

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Russian Ministry of Trade predicts drug price increase

Russian Ministry of Trade predicts drug price increase

Production of many drugs as well as their supply from abroad became economically not feasible in Russia. In fact, Russian imports of medicines decreased by 32.7% in 2015 compared to previous year

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Bloomberg: high-end brands see sales boom in Russia amid crises

Bloomberg: high-end brands see sales boom in Russia amid crises

Number of global luxury brands said Russian sales last year registered significant growth

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Moscow, anti-crises plan provides for sell-offs of state companies

Moscow, anti-crises plan provides for sell-offs of state companies

On Monday Vladimir Putin held a meeting with the heads of seven Russia’s largest state-controlled enterprises to discuss privatization plans for this year

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Russia is studying possibility to introduce “Google tax”

Russia is studying possibility to introduce “Google tax”

Vladimir Putin signed a presidential order to ensure “equal operating conditions” for Russian and foreign IT-companies. One of possible measures could be the introduction of VAT on e-services of Google and Apple

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Air Astana may hold IPO in next two years

Air Astana may hold IPO in next two years

According to the airline’s president over the next two years the company is looking to float its shares in initial public offering

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Russians rush to buy out electronics

Russians rush to buy out electronics

While the ruble is hanging around historic lows against the dollar, Russians are rushing to take out loans for major purchase of home appliances and electronics

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Bloomberg Innovation Index 2016 includes Russian and Kazakhstan in top 50

Bloomberg Innovation Index 2016 includes Russian and Kazakhstan in top 50

Russia moved up to 12th place, while Kazakhstan for the first time was included in the top 50

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According to preliminary estimates Russia’s GDP fell 3.9% in 2015

According to preliminary estimates Russia’s GDP fell 3.9% in 2015

The Ministry of Economic Development of Russia is currently revises its estimates for 2016

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EEU ready to create a free trade zone with Hong Kong

EEU ready to create a free trade zone with Hong Kong

That has been stated by the Deputy Prime Minister of Russia Arkady Dvorkovich

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