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Russia Constitutes 15 percent of the Global Rose Market

Russia Constitutes 15 percent of the Global Rose Market

One and a half billion of roses are sold in Russia annually, which makes up about 15 percent of total global consumption, reports Interfax, citing data from the National Association of Florists (NAF). Roses account for about 49 percent of flower sales in Russia. It was noted that NAF has requested the Ministry of Agriculture,…

Positive Import Dynamics to Impact the Ruble Exchange Rate

Positive Import Dynamics to Impact the Ruble Exchange Rate

This year’s improvement in the dynamics of Russian imports will have a negative impact on the ruble exchange rate, reports Kommersant, citing a predictive analysis conducted by FocusEconomics (the survey has been conducted with the participation of 47 Russian and international respondents). The volume of Russian exports and the ruble exchange rate went down over…

Sales of Foreign Alcoholic Beverages Growing in the Russian Market

Sales of Foreign Alcoholic Beverages Growing in the Russian Market

According to retail.ru, citing data provided by the Nielsen analytical company, alcohol was the only growing macro-industry on the Russian FMCG market last year, both in monetary and quantitative terms. Alcohol sales grew by 2 percent in physical and 4.2 percent in monetary terms. According to the study, in 2019, all types of alcohol saw…

International Demand for Rostselmash Tractors

International Demand for Rostselmash Tractors

According to the press centre of the agricultural equipment manufacturer, the Company’s capacities currently allow to produce up to a 1,000 tractors annually, which is comparable to many large Russian plants built in the Soviet era. Currently more than 2,000 tractors of Series 2000 manufactured by Rostselmash are used in the fields of the Russian…

Demand for Lentils and Semolina is Growing on the Russian Market

Demand for Lentils and Semolina is Growing on the Russian Market

Since October of last year, the demand for lentils has grown by 27.8 percent, or almost a third, reports RIA Novosti, citing a study by Rate & Goods (based on an analysis of 1.3 million receipts). Semolina is in second place —its consumption has increased by 20.6 percent, and millet comes third, with an increase…

Restrictions may be imposed on imports of adapted infant formulas

Restrictions may be imposed on imports of adapted infant formulas

The Ministry of Agriculture of Russia is looking into the possibility of reducing the imports of adapted infant formulas and the ingredients for their manufacture, the Kommersant reports, citing an instruction issued by the vice prime minister Aleksey Gordeev. Imports of infant formulas may be restricted by means of the introduction of import quotas. According…

Africa and Asia are showing an increased interest in Russian clouds

Africa and Asia are showing an increased interest in Russian clouds

An increase in the export of domestic cloud services can be achieved by cooperating with countries that do not have sovereign technology platforms and are interested in high-level security storage. This was shared with the “Future of Russia. National Projects” portal by Mikhail Mamonov, Deputy Minister of Digital Development, Communications and Mass Media of the…

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