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New Tractor PTZ Promoted In Global Market

New Tractor PTZ Promoted In Global Market

The press centre of the Ministry of Industry and Commerce, following visit of the ministry head Denis Manturov to the Petersburg Tractor Factory, reports that the factory can arrange production of the new model K-7M abroad. The minister suggested to consider organising a production platform for this tractor outside Russia because of this machine’s high…

Russian Fashion Market Expected to Expand Its Online Sector

Russian Fashion Market Expected to Expand Its Online Sector

Sales of apparel, shoes and accessories in Russia have declined for the first time since 2015, reports Kommersant, citing a study by Fashion Consulting Group. Compared to the last year, the number saw a decline of three to four percent, or up to 2.26 — 2.29 trillion rubles. The drop of 2015 amounted to nine…

Kurganmashzavod is to find new markets for its products

Kurganmashzavod is to find new markets for its products

Over the next five years over RUB 1.2 billion is to be invested in the modernization of the casting facilities at Kurganmashzavod, according to a communique published on the Rostech website, citing the executive director of the corporation Oleg Evtushenko (Rostech has acquired the company this year). The introduction of new technologies is expected to…

Electric vehicles, dyes and cardboard are to be exported

Electric vehicles, dyes and cardboard are to be exported

According to a communique published on the site of the Foundation for the Development of Industry, new production companies based in the Kemerovo, Kaluga and Leningrad regions plan to start manufacturing products intended for sale outside of Russia as a result of the approval by the Expert Panel of the FDI of a series of…

Global import restrictions reached the maximum level

Global import restrictions reached the maximum level

From mid-October last year until mid-October of this year, the overall trade restrictions introduced by WTO countries amounted to USD 747 bln. This was stated in the new report of the WTO Director General, Roberto Azevedo. As noted, almost USD 750 bln is the highest indicator since October 2012, which is the historical maximum. Compared…

Africa to have more Russian medical equipment

Africa to have more Russian medical equipment

Deputy CEO of Rostec’s Schwabe holding company Ivan Ozhgikhin has informed “Future Russia. National Projects” portal that the company has plans to expand its presence in Africa. This year the holding company has already donated medical equipment to Tunisian hospitals and is currently working on supplying more to Egypt, Ethiopia and other countries of the…

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