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The Bank of Russia plans to strengthen requirements to the storage of documents and customers information by banks. The storage periods will grow, on the average, twice, and for some kinds of documents seven times, up to 35 years.


The Bank of Russia has revealed 965 organizations engaged in illegal consumer lending activities in the year 2016, their number has grown twice during that year.


The Russian Government has decided to create centres focused on the provision of additional non-state services necessary for beginning and carrying out entrepreneurial activities.


Together with a high yield, purchasing interventions allow to withdraw surplus off the market and stimulate the growth of prices, which allows the producers to avoid losses.


The representative office of the Volga Automobile Plant in Germany began to sell the flagship model of Lada Vesta.


Russias GDP will grow by 1.1 percent this year and by 1.5 percent in the next year. These are the average results of a poll conducted by the analysts of the Bloomberg Agency.


Food imports from Russia may exceed exports in the year 2017. This is stated in the research of the Russian Academy of National Economy and Public Administration under the President of the Russian Federation (Russian).


The businessman Vitaly Orlov, owning the Norebo Holding company located in Murmansk, got into the Bloomberg Billionaires Index ranking.


About 100 turboprop aircrafts IL-114-300 would be produced in Russia by 2029.


One of the largest Russian multiformat retail companies X5 Retail Group has taken back the leadership in the Russian food retail sector.


In the Russian system of tax free, a pilot project will cover all categories of goods, including food products.


In November, Russia set a record for delivery of sweets abroad: more than 48 thousand tons worth 113.8 million dollars were exported.


This happened after the amendments to the Tax Code entered into force with the beginning of the new year.


The transaction of the purchase of a 19.5 percent stake in the Rosneft company by a consortium consisting of the Glencore oil trader and the Qatar Investment Autority (QIA) sovereign fund has been closed.


About 250 billion roubles have been invested in the development of import-substituting manufactures in the past two years.


Gold and foreign currency reserves of Russia fell by eight billion dollars during the week from December 9 to December 16, which is by more than two percent. Their volume now amounts to 379 billion dollars.


The Russian company NTechLab announced the launch of a new product - FindFace Enterprise Server SDK. The companies will be able to use FindFace facial recognition system within their own corporate IT infrastructures.


Russian Direct Investment Fund (RDIF) has multiplied the investment in the project of Hyperloop extra-fast train.


The system of fraud prevention on the basis of biometric verification and identification of individuals allowed the Russian banks to save more than four billion rubles in 2015.


Norwegian company Opera Software closes its Russian office.


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