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Read business news from the post-Soviet region offered by Ria Novosti.
Russia is demonstrating “insufficient” economic growth rates but the country will be able to avoid even a technical recession this year, First Deputy Prime Minister Igor Shuvalov said on Thursday.
Muscovites have increased their spending on food in cafes and restaurants more than sixfold over the past decade, and spending on dining out in the Russian capital is expected to grow even more rapidly in the future, a Moscow government official said on Thursday.
Space imaging studies have revealed over 10 new oil deposits in the Krasnoyarsk Territory in East Siberia, with one of them comparable to the giant Yurubcheno-Tokhomo field, a scientist from Tomsk Polytechnic University said on Wednesday.
Russia refined 35.235 metric tons of gold in January-March 2013, up 4.37 percent from a year earlier, the Russian Gold Industrialists Union said on Wednesday.
Gas from Turkmenistan’s largest gas condensate field will flow to China, national gas company Turkmengaz CEO Kakageldy Abdullayev said on Wednesday.
Vladimir Shmakov, first deputy CEO of tank manufacturer Uralvagonzavod, has been appointed head of Russia’s state-run United Shipbuilding Corporation in a bid to shake up deliveries of warships to the navy, President Vladimir Putin said on Tuesday.