Latest Business News from Russia

Tyumen to get creative business cluster with traditional valuesTyumen to get creative business cluster with traditional values
Tyumen to get creative business cluster with traditional valuesThe first creative cluster in Russia for entrepreneurs with traditional values will open in central Tyumen.
Owner of Zabaykalskaya Memorial Company enters top 100 largest Russian funeral service providersOwner of Zabaykalskaya Memorial Company enters top 100 largest Russian funeral service providers
Owner of Zabaykalskaya Memorial Company enters top 100 largest Russian funeral service providersThe owner of Zabaykalskaya Memorial Company, Vitaly Shlyakhta, has made it into a national ranking of the largest funeral businesses. The rating notes that competition in the Trans-Baikal region's funeral market is underdeveloped.
Businessman enters funeral top 100 with Yakutsk crematoriumBusinessman enters funeral top 100 with Yakutsk crematorium
Businessman enters funeral top 100 with Yakutsk crematoriumOmsk businessman Viktor Shkurenko, who built a crematorium in Yakutsk, has entered the top 100 list of Russia's funeral service providers.
Closed Greek grill-bar in Krasnoyarsk center up for saleClosed Greek grill-bar in Krasnoyarsk center up for sale
Closed Greek grill-bar in Krasnoyarsk center up for saleA Greek grill-bar in downtown Krasnoyarsk has been put up for sale after closing, with an asking price of 5 million rubles (approximately $55,000 at current rates).
Gazprom Paid 460 Billion Rubles in Taxes to St. Petersburg
Gazprom Paid 460 Billion Rubles in Taxes to St. PetersburgGazprom's tax contributions to St. Petersburg's budget reached 460 billion rubles from 2020 to 2024, accounting for 9% of the city's total revenues.
Jewelry Market: Revenue Rises as Pieces Shrink in SizeJewelry Market: Revenue Rises as Pieces Shrink in Size
Jewelry Market: Revenue Rises as Pieces Shrink in SizeRussia's jewelry market is seeing rising revenue despite falling sales volumes. Buyers are becoming more thrifty, while manufacturers are reducing the weight of pieces and focusing on expensive stones.
State Duma Supports Reduction of Fines for HotelsState Duma Supports Reduction of Fines for Hotels
State Duma Supports Reduction of Fines for HotelsDeputies have passed in first reading a government bill that reduces administrative penalties for violations of migration and registration rules.
Bakeries decrease in St. Petersburg
Bakeries decrease in St. PetersburgThe number of bakeries in St. Petersburg has decreased, returning to the level of November 2023. This data is provided by the real estate agency AVG Nedvizhimost.
Part-time work at St. Petersburg and Leningrad Region companies
Part-time work at St. Petersburg and Leningrad Region companiesIn St. Petersburg, 29 enterprises are operating on part-time schedules, and in the Leningrad Region — 10. Regional authorities provided this data for mid-January.
Samara's wealthiest funeral directors named in Russian top-100Samara's wealthiest funeral directors named in Russian top-100
Samara's wealthiest funeral directors named in Russian top-100Two companies from Samara Oblast are among Russia's 100 most influential funeral market participants, according to a ranking published by the Telegram channel 'Funeral Trust'.
Property Committee Explains Suspension of Shopping Center DemolitionProperty Committee Explains Suspension of Shopping Center Demolition
Property Committee Explains Suspension of Shopping Center DemolitionThe St. Petersburg Property Control Committee commented on the situation with the unfinished demolition of the 'Maxi Sopot' shopping center near Primorskaya metro station, which has been criticized by deputies.
Governor Drozdenko to ask Manturov for tariffs on corundum imports
Governor Drozdenko to ask Manturov for tariffs on corundum importsGovernor of Leningrad Oblast Alexander Drozdenko intends to ask First Deputy Prime Minister Denis Manturov to impose tariffs on corundum imports to protect local production.
Prosecutor General's Office files lawsuit to nationalize packaging producer
Prosecutor General's Office files lawsuit to nationalize packaging producerThe Russian Prosecutor General's Office is demanding the nationalization of Pechatnya, a major packaging producer in St. Petersburg. An arbitration court has already frozen all shares of the enterprise.
Magnit Opens Instant Noodle Snack Bars in NovosibirskMagnit Opens Instant Noodle Snack Bars in Novosibirsk
Magnit Opens Instant Noodle Snack Bars in NovosibirskThe Magnit retail chain is launching its first self-service ramen bars in Novosibirsk, with the initial locations set to open tomorrow.
Krasnoyarsk entrepreneur's store flooded by upstairs groceryKrasnoyarsk entrepreneur's store flooded by upstairs grocery
Krasnoyarsk entrepreneur's store flooded by upstairs groceryA store owned by Krasnoyarsk entrepreneur Ekaterina Gorchitsa was flooded by a leak from the 'Golden Autumn' grocery store above, damaging goods and equipment.
Former Zhiznmart stores in Chelyabinsk close suddenlyFormer Zhiznmart stores in Chelyabinsk close suddenly
Former Zhiznmart stores in Chelyabinsk close suddenlyStores under the Vkus i Lyudi brand, which left the Zhiznmart franchise last autumn, have ceased operations in Chelyabinsk. The outlets, which focused on ready-made meals, lasted less than six months.
Rolls-Royce Convertible in Kazan Priced Like Elite ApartmentRolls-Royce Convertible in Kazan Priced Like Elite Apartment
Rolls-Royce Convertible in Kazan Priced Like Elite ApartmentA 2017 Rolls-Royce Dawn convertible with low mileage is listed for sale in Kazan, with a price tag comparable to luxury real estate in the city center.
Popular Karaoke Bar Closes in Omsk CenterPopular Karaoke Bar Closes in Omsk Center
Popular Karaoke Bar Closes in Omsk CenterThe Blackdoors karaoke bar in Omsk has shut down after nine years of operation, with its closure confirmed by management and mapping services.
Legendary Ural Motorcycle Plant Struggles to Survive in the UralsLegendary Ural Motorcycle Plant Struggles to Survive in the Urals
Legendary Ural Motorcycle Plant Struggles to Survive in the UralsA reporter visits the Irbit Motorcycle Plant to see how it endures after suspending exports of classic Ural bikes, relying on domestic orders and new ventures.
Closed Tyumen Zarechye Factory Listed for 170 Million RublesClosed Tyumen Zarechye Factory Listed for 170 Million Rubles
Closed Tyumen Zarechye Factory Listed for 170 Million RublesThe Zarechye furniture factory complex in Tyumen is up for sale, with an asking price of 170 million rubles (approximately $1.7 million at current rates).
Closed Tyumen furniture factory put up for saleClosed Tyumen furniture factory put up for sale
Closed Tyumen furniture factory put up for saleThe building of the Zarechye furniture factory in Tyumen has been listed for sale for 170 million rubles (about $1.9 million at current rates). The company, which survived the post-war era and perestroika, entered liquidation in November 2025.
Private Clinics in St. Petersburg: Wave of Acquisitions and DealsPrivate Clinics in St. Petersburg: Wave of Acquisitions and Deals
Private Clinics in St. Petersburg: Wave of Acquisitions and DealsThe private healthcare market in St. Petersburg is expecting increased consolidation. Major players are actively buying small clinics, and investors are showing steady interest in the sector.
How Russia's Legendary Ural Motorcycle Plant Is SurvivingHow Russia's Legendary Ural Motorcycle Plant Is Surviving
How Russia's Legendary Ural Motorcycle Plant Is SurvivingThe Irbit Motorcycle Plant, famous for its Ural bikes, has stopped exporting classic models and is relying on domestic orders and new contracts to stay afloat.
12 Stores That Left Zhiznmart Network Close in Chelyabinsk12 Stores That Left Zhiznmart Network Close in Chelyabinsk
12 Stores That Left Zhiznmart Network Close in ChelyabinskThe ready-to-eat food stores under the brand 'Taste and People' did not last even half a year after exiting the Zhiznmart franchise.
Baker Fights Tax Hike After Speaking to Putin on Live TVBaker Fights Tax Hike After Speaking to Putin on Live TV
Baker Fights Tax Hike After Speaking to Putin on Live TVDenis Maximov, owner of Mashyenka bakery in Kraskovo, told MSK1.RU about unresolved tax issues a month after his exchange with President Vladimir Putin.