Latest Business News from Russia

Owners Name Reasons for Golden Bus Station DelaysOwners Name Reasons for Golden Bus Station Delays
Owners Name Reasons for Golden Bus Station DelaysThe owners of the Golden bus station and shopping center have cited a shortage of qualified labor and supply chain issues as causes for the six-year construction delay, with completion now expected in late 2026.
Golden bus terminal owners explain long construction delaysGolden bus terminal owners explain long construction delays
Golden bus terminal owners explain long construction delaysOwners of the Golden bus terminal and shopping center in Yekaterinburg's Botanika district have outlined the challenges causing delays, with construction starting in 2020.
Five eateries put up for sale in Novosibirsk, including Burger RecordsFive eateries put up for sale in Novosibirsk, including Burger Records
Five eateries put up for sale in Novosibirsk, including Burger RecordsTwo Burger Records outlets and three other establishments in the city are on the market. We look at how much the owners are asking for them.
Krasnoyarsk Businessman Denies Receiving Threats Before Son's KidnapKrasnoyarsk Businessman Denies Receiving Threats Before Son's Kidnap
Krasnoyarsk Businessman Denies Receiving Threats Before Son's KidnapAndrei Kaplia, a Krasnoyarsk businessman, denies any threats before his son's kidnapping. He says the incident is unrelated to his business.
Old-School Tattoo Masters Feel Pinch as Prices EvolveOld-School Tattoo Masters Feel Pinch as Prices Evolve
Old-School Tattoo Masters Feel Pinch as Prices EvolveTattoo artists in Kazan reveal how prices have shifted in recent years, with increased competition and changing client demographics. They note that while material costs have risen, demand remains steady.
A Lenta supermarket at Marx Street mall is replaced by a discounterA Lenta supermarket at Marx Street mall is replaced by a discounter
A Lenta supermarket at Marx Street mall is replaced by a discounterThe supermarket chain Lenta has closed its store in the Fantasia Gallery shopping center in Novosibirsk, with the discount chain Chizhik set to take over the space. This will be the location's third tenant.
Novosibirsk cosmetics store closes after 10 years, owner cites reasonsNovosibirsk cosmetics store closes after 10 years, owner cites reasons
Novosibirsk cosmetics store closes after 10 years, owner cites reasonsThe Mymusthave cosmetics, accessories, and household goods store in Novosibirsk is closing, with its final days on 15–16 February. Founder Elena Mushta explained the decision was due to declining sales, competition from online marketplaces, and rising rent.
Shkulev Holding to Support Talented Student Media ProjectsShkulev Holding to Support Talented Student Media Projects
Shkulev Holding to Support Talented Student Media ProjectsShkulev Holding, a leading Russian media company, has opened applications for its student accelerator aimed at nurturing media and digital projects.
Tyumen couple creates miniature souvenirs of iconic buildingsTyumen couple creates miniature souvenirs of iconic buildings
Tyumen couple creates miniature souvenirs of iconic buildingsA Tyumen couple started making detailed mini replicas of local buildings after finding no good souvenirs, and now their creations are sold across the city's tourist locations.
Two Omsk vodka brands top Russian award rankingsTwo Omsk vodka brands top Russian award rankings
Two Omsk vodka brands top Russian award rankingsVodkas from Omsk-based Alcohol Siberian Group (ASG) have been recognized among the best in Russia, making the top 10 in two categories of the national 'Drink of the Year' expert award.
Unusual Tomsk Businesses for Sale: Toilets, Moonshine, GamesUnusual Tomsk Businesses for Sale: Toilets, Moonshine, Games
Unusual Tomsk Businesses for Sale: Toilets, Moonshine, GamesFrom a public toilet network to a moonshine apparatus store, various ready-made businesses are available for purchase in Tomsk, with prices ranging from 900,000 to 15 million rubles (approx. $9,500 to $158,000 at current rates).
People's Award 29.RU Voting for Best Arkhangelsk Region Places BeginsPeople's Award 29.RU Voting for Best Arkhangelsk Region Places Begins
People's Award 29.RU Voting for Best Arkhangelsk Region Places BeginsThe final voting for the People's Award 29.RU has begun, lasting over a month. Residents of Pomorye (Arkhangelsk region) will choose the top companies in ten categories.
OBI Stores in Yekaterinburg to Become Dom LentaOBI Stores in Yekaterinburg to Become Dom Lenta
OBI Stores in Yekaterinburg to Become Dom LentaOBI construction hypermarkets in Yekaterinburg are ceasing operations under their previous name. Their signs will be replaced with new ones as part of a phased rebranding.
OBI Stores in Yekaterinburg to Rebrand as Dom LentaOBI Stores in Yekaterinburg to Rebrand as Dom Lenta
OBI Stores in Yekaterinburg to Rebrand as Dom LentaWe explain whether the hypermarkets will continue to operate.
Nehayev Calls for Halt to New Taxes and Social Media RestrictionsNehayev Calls for Halt to New Taxes and Social Media Restrictions
Nehayev Calls for Halt to New Taxes and Social Media RestrictionsAt the opening of the State Duma's spring session, Alexey Nehayev, leader of the New People party, proposed a temporary halt to new taxes, fines, and social media blocks.
Omsk recreation base with pool saunas for saleOmsk recreation base with pool saunas for sale
Omsk recreation base with pool saunas for saleA recreation base in Omsk Region is up for sale for 14 million rubles (approximately $140,000). It includes a pool, saunas, billiards, and several buildings on 3.4 hectares.
Ural Airlines Raises Carry-On Luggage Size LimitsUral Airlines Raises Carry-On Luggage Size Limits
Ural Airlines Raises Carry-On Luggage Size LimitsAs of February 1, Ural Airlines has increased the allowable dimensions for carry-on luggage. Passengers can now bring bags and suitcases up to 55×40×25 cm on board.
Flagman supermarket in Omsk to be liquidatedFlagman supermarket in Omsk to be liquidated
Flagman supermarket in Omsk to be liquidatedThe Flagman supermarket in Omsk ceased operations several years ago and is now in the process of liquidation.
Tyumen creative cluster for entrepreneurs with traditional valuesTyumen creative cluster for entrepreneurs with traditional values
Tyumen creative cluster for entrepreneurs with traditional valuesRussia's first creative cluster for entrepreneurs who share traditional values will be established in the center of Tyumen.
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.