Economy Archives - Page 9 of 26 - RUSSIA'S PIVOT TO ASIA

Russian Disposable Income Levels Grew By 8.6% In 2024: Economic Analysis

Economy, Finance, Infrastructure, Russian Market, Trade

Russian President Vladimir Putin has been discussing and analysing Russia’s economic position during 2024 with Prime Minister Mikhail Mishustin to see areas that worked and where attention to change needs to be directed. Mishustin was presenting the results of Russia’s economic performance for last year. The results are generally positive but there are some critical […]

Russian Disposable Income Levels Grew By 8.6% In 2024: Economic Analysis Read More »

Russia’s Auto Manufacturing Sector Grew By 16.5% In 2024

Economy, Infrastructure, Investment, Russian Market, Trade

Russian auto factories increased production of all types of vehicles by 16.5% during 2024, with the production of some types of cars increasing while others, began to be assembled less. The domestic automobile industry has great potential for further growth, but increasing production volumes will largely depend on the general situation on the market. Last

Russia’s Auto Manufacturing Sector Grew By 16.5% In 2024 Read More »

Russian’s Spending More Tourist Dollars On Overseas Trips

Asia, Economy, Exports, Logistics & Transport, Middle East, Russian Market, Trade

Russian spending on trips abroad has exceeded pre-2019 record levels, according to the Russian Central Bank. In 2024, Russian nationals spent almost US$38 billion on travel to other countries, overtaking the previous record by US$1.5 billion. Among the main reasons for the growth of the Russian overseas tourism sector are the availability of new destinations

Russian’s Spending More Tourist Dollars On Overseas Trips Read More »

Russia Proposes Small Nuclear Modular Reactors For India NPP Development

BRICS, Economy, Energy, Exports, India, Investment, Trade

Russia’s nuclear energy giant Rosatom has offered technology transfer to India for small modular reactors (SMR), as the country looks to boost nuclear energy generation. Rosatom is exploring the feasibility of setting up SMRs in the coastal areas of India, according to Indian media. Rosatom is currently developing India’s largest nuclear energy facility – the

Russia Proposes Small Nuclear Modular Reactors For India NPP Development Read More »

Russia Adds New Global South Universities To Educational Diploma Acceptance List

Economy, Foreign Investment, Imports, Russian Market

Russia’s Ministry of Education and Science has expanded the list of universities whose diplomas are recognized by the Russian authorities, and added Cairo University (Egypt), The University of Science Malaysia, University of Sharjah (UAE), and Tehran University (Iran) to its approved list. Accepted Universities must appear in at least three international rankings for 2024 out

Russia Adds New Global South Universities To Educational Diploma Acceptance List Read More »

Russia, Chinese Software Scientists Develop Breakthrough Algorithm That Bypasses NVIDIA Tech

BRICS, China, Economy, Infrastructure, Trade

Computer scientists from Russia and China have developed a breakthrough algorithm using information from reverse engineering video card accelerators. The algorithm allows gaming GPUs to be used for scientific computing. The innovation was achieved by specialists from Shenzhen MSU-BIT University, which was co-founded by Lomonosov Moscow State University and the Beijing Institute of Technology, and

Russia, Chinese Software Scientists Develop Breakthrough Algorithm That Bypasses NVIDIA Tech Read More »

Russia Looks To India To Fulfil Its Skilled Labour Shortages

BRICS, Economy, Imports, India, Regulatory, Russian Market, Trade

Russia and India area set to sign off on an labour migration deal, an agreement will permit a flow of skilled Indian workers to Russia, Indian Ambassador to Russia Vinay Kumar has said. New Delhi and Moscow are actively discussing a memorandum of understanding to establish a Migration and Mobility Partnership Agreement, aiming to facilitate

Russia Looks To India To Fulfil Its Skilled Labour Shortages Read More »

Russia’s Mutual Fund Investment Market Expands To Record Capital Volumes

Economy, Finance, Infrastructure, Investment, Russian Market

2024 was a banner year for Russia’s collective investment markets, which expanded with a record number of mutual funds and the largest number of new management companies for over a decade. Wealthy investors – including foreign investors – are primarily interested in Russian industry. Since sanctions were imposed in 2022, Russian investors have been limited

Russia’s Mutual Fund Investment Market Expands To Record Capital Volumes Read More »

Russia’s Digital Financial Assets Grew Fourfold In 2024

Economy, Finance, Infrastructure, Russian Market, Trade

Russia’s digital financial assets market grew more than 4 times in 2024, according to the Russian ACRA credit rating agency. Although still developing and partially hampered by sanctions, the overall trend is positive, with holdings up to ₽150 billion by the end of last year. According to ACRA’s estimates, digital financial instruments in Russia have

Russia’s Digital Financial Assets Grew Fourfold In 2024 Read More »

Can Russia And BRICS Produce A DeepSeek And Overtake ChatGPT?

BRICS, China, Economy, Infrastructure, Russian Market

US stocks lost over US$1 trillion overnight (January 27) as China’s High Flyer, a Hedge Fund in Hangzhou, launched its Chinese chatbot, named ‘Deepseek’. The app appears to offer the same facilities as the US developed OpenAI and its ChatGPT tool, and the same performance but with fewer resources. Deepseek has already overtaken ChatGPT as

Can Russia And BRICS Produce A DeepSeek And Overtake ChatGPT? Read More »

RUSSIA'S PIVOT TO ASIA

«Поворот России в Азию»

Economy