Russians save on food, however, they buy furniture, cars and medicines.

The corresponding bill was developed by the Ministry of Labor.

The Ministry of Agriculture reported that state investments in domestic winemaking will reach 3 billion roubles in 2019.

It is noted that Russian companies are expressing pessimism against the background of talks about strengthening sanctions.

Further consolidation of retailers, development of promotion offers and the rivalry for the leadership between the major market players will determine the prospects for the development of retail trade in Russia.

It is noted that the demand for Russian assets is quite high among American investors; according to market participants, these investors have shown greater interest than their European counterparts.

“Global Finance” International Banking and Finance magazine recognized Tinkoff Bank as the best online retail bank in the world in 2018 within the frame of the Best Digital Bank Award.

The Ministry of Finance has drafted the amendments to the Law “On Currency Regulation and Currency Control”, these amendments will enable resident legal entities to pay cash roubles to non-resident physical persons without using bank accounts in order to compensate for the VAT paid within the tax free system.

“Azbuka Vkusa” (“The Alphabet of Taste”) and “LavkaLavka” retail chains abandoned the use of expendable packaging and plastic bags.