The metal processing sector is an im♐portant contributor to Russia’s economic growth and a significant source of hard currency for the country. Russia has positioned itself as a major supplier of metals for the global market by leveraging on its ...

The Russian electric power sector contributes an approximate 2.5% share to the economy in terms of nominal GVA and provides jobs to about 2.5% of the country’s workforce. Russia relies on thermal power sources to🀅 generate most of its ...

As home to oil and natural gas reserves that are among the world&rsꦜquo;s biggest, Russia is an important energy supplier for the global economy. In 2018, the country was the world’s second-largest gas producer, with a 17% share in global ...

The Russian insurance sector remains underdeveloped compared to global and even emerging market standards. The secto💧r’s penetration, measured by the percentage of total premiums to GDP, stood at 1.53% in 2018, below t෴he world average of 6.09% ...

Russia has the tenth largest market for new passenger cars in the world and the 16⛦th largest in terms of commercial vehicle sales, according to data from the International Organization of Motor Vehicle Manufacturers (OICA). Sales of passenger cars ...

With some RUB 94tn in total assets, the penetratio🌞n of the Russian banking system in the economy translates into a 90.6% share of the GDP. The financial sector generated a gross value added (GVA) equal to 3.7% of the country’s GDP and employed ...

Although quite different in terms of politic෴🐲al and economic systems, the Emerging Europe countries share certain similarities when it comes to their demographic situation and health profile. With the exception of Turkey, whose average birth rate is ...

Russia’s vast territory, wide range of tourist attractions and proximity to European and Asian markets offer strong growth potential for th𒉰e country’s tourism sector. However, high entry barriers, underdeveloped transport infrastructure ...

Generating some 14% of Russia’s GDP anꦍd employing over 13mn people, the retail sector is a significant driver of the country’s economy. In 2018, retail trade turnover increased by 6.2% y/y in value terms and by 2.8% y/y in ...

The mining industry is of strategic importance to the Russian eco🧜nomy, contributing about 12% to the  GDP, providing jobs to 1.1mn people and contributing a third to government revenues. Since Russia hosts one of the world’s largest ...