Category: Economics

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Vladivostok, Kazan, Kaliningrad entered the top cities visited by foreigners for the summer season of 2025

Translation. Region: Russian Federal

Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –

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Foreign tourists continue to actively plan summer trips to the capital of Russia: according to the online hotel and apartment booking service Ostrovok, the number of bookings in Russian accommodation facilities for the summer season of 2025 has increased by 10% compared to last summer. At the same time, Moscow remains the most popular destination among foreign guests: it accounts for every second booking from foreigners in the country.

The top 10 destinations popular with foreign tourists this summer include Moscow, St. Petersburg, Vladivostok, Kazan, Kaliningrad, Sochi, Irkutsk, Volgograd, Novosibirsk, and Nizhny Novgorod.

"Inbound tourism is an important driver of the economy. The 10% growth in bookings for the summer of 2025 shows that interest in Russia remains, and the capital remains the main magnet for foreign guests. But to maintain this momentum, we need to take into account the requests of foreign guests: transfers, excursions in their language, services adapted for different cultures. This encourages hotels and restaurants to improve their service standards, which ultimately makes the country even more competitive in the international arena. Thus, the development of inbound tourism is not only the country's image, but also a real economic benefit for the city and its residents," said Nikita Kondratyev, Director of the Department of Multilateral Economic Cooperation and Special Projects of the Ministry of Economic Development of Russia.

The main flow of inbound tourism to Moscow in the summer of 2025 is formed by guests from Belarus, India, Saudi Arabia, Kazakhstan, China, Turkey, Oman, the UAE, Uzbekistan and Kyrgyzstan.

Darya Kochetkova, Managing Director of the Ostrovok Group of Companies, noted: "Trips to Russia are becoming easier and more accessible for foreign tourists: for example, the visa regime with Oman was recently lifted, and direct flights to Saudi Arabia are expected to start in the fall. Improving the transport network and easing the visa regime are key factors in the growth of inbound tourism, and we expect the number of bookings from tourists from these countries to continue to grow."

The most popular hotels among foreign guests are four-star hotels: they account for more than a third of all bookings (35%). Three-star hotels (19%) and five-star hotels (15%) are also popular.

"In order to efficiently handle the growing flow of foreign tourists, it is important to understand that their requests differ from the needs of our domestic tourists. For example, among the most frequent requests from foreign guests are the organization of transfers from/to the airport, accommodation in multi-room rooms for large families, excursion services in the native language, as well as compliance of hotels with Muslim Friendly, China Friendly, India Friendly standards. This includes halal or adapted food, the presence of staff who speak foreign languages, and taking into account the cultural characteristics of guests. Knowing this, representatives of the hospitality industry should adapt their service and be ready to provide the appropriate services," commented Daria Kochetkova.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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The Ministry of Economic Development of Russia has completed accepting applications for subsidizing SMEs’ costs of placing securities

Translation. Region: Russian Federal

Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –

An important disclaimer is at the bottom of this article.

The Ministry of Economic Development of Russia has completed accepting applications from small and medium-sized businesses as part of the first selection for subsidizing the costs of placing securities on the stock exchange and investment platforms. The program is being implemented with the participation of the Bank of Russia and is aimed at enterprises from the real sector that demonstrate a multiplier effect for the economy as a whole.

"A total of 14 applications from 13 Russian small and medium-sized businesses were submitted to the Ministry of Economic Development of Russia for consideration during the first selection under the program. The share of small businesses that submitted applications is 70% of the total number of selection participants. The geography of the participants is Moscow, Penza, Oryol, Chelyabinsk and Nizhny Novgorod regions, the Republic of Tatarstan and Krasnodar Krai," noted Deputy Minister of Economic Development of Russia Tatyana Ilyushnikova.

Most of the applications are related to reimbursement of costs for the placement of bonds, the total nominal volume of which exceeded 1.7 billion rubles. This confirms the demand for government support measures to expand business access to the stock market.

The subsidy can be used to compensate for a number of costs:

— payment of remuneration under agreements on the organization of placement and (or) placement of an issue of shares or bonds;

— payment of remuneration under an agreement on the implementation of rating actions (in the event of assignment of a credit rating to the recipient of a subsidy or the issue of bonds);

— payment of remuneration under an agreement for the provision of services to attract investments;

— payment of remuneration for the services of the registrar under the agreement on registration of the decision to issue shares;

— payment of remuneration under an agreement for the provision of audit or legal services.

"This program allows attracting capital at all stages of enterprise development. For young and small companies, crowdfunding platforms may be the most suitable option, while for more mature companies, it may be entering the stock market. Thus, government support measures cover the entire range of business financing instruments. And the demand for them is growing: since the beginning of the year, SMEs have placed bonds worth 32.2 billion rubles on the stock market alone. We also note the development of equity financing in general, since in the current macroeconomic conditions it allows companies to attract capital without the need for regular payments, such as occurs with a loan," explained Mikhail Mamuta, member of the Board of Directors of the Bank of Russia, Head of the Service for the Protection of Consumer Rights and Ensuring the Availability of Financial Services.

Key conditions for receiving a subsidy: to be included in the SME register, to operate in priority sectors (manufacturing, transportation and storage, tourism, information and communications, scientific and technical activities, healthcare), to be a small technology company or a subject of creative industries, not to be part of a group of companies with annual revenues exceeding 2 billion rubles. The results of the first selection will be announced in early September.

The program of subsidizing SMEs' costs for the placement of securities is being implemented within the framework of the federal project "Small and Medium-Sized Entrepreneurship and Support for Individual Entrepreneurial Initiatives" of the national project "Efficient and Competitive Economy". Its goal is to assist companies in attracting financing through stock market mechanisms.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Financial news: 08/12/2025, 15-23 (Moscow time) the values of the lower boundary of the price corridor for swap transactions and the range of interest rate risk assessment for the GLDRUB_TOM6M instrument were changed.

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

08/12/2025

15:23

In accordance with the Methodology for determining the risk parameters of the foreign exchange market and the precious metals market of Moscow Exchange PJSC by the NCC (JSC) on 12.08.2025, 15-23 (Moscow time), the values of the lower limit of the price corridor for swap transactions (up to RUB 2,320.1367) and the range of interest rate risk assessment (up to RUB 2,273.4491, equivalent to a rate of 12.27%) for the GLDRUB_TOM6M instrument were changed.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Russia Presents Experience of Supporting Women in Digital Economy at APEC Forum

Translation. Region: Russian Federal

Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –

An important disclaimer is at the bottom of this article.

Representatives of the Department of Multilateral Economic Cooperation and Special Projects of the Ministry of Economic Development of the Russian Federation took part in expert meetings and high-level events at the Asia-Pacific Economic Cooperation (APEC) forum in Seoul. The delegations discussed issues of increasing the representation of women in economic processes, prospects for developing cooperation in science, technology and innovation, as well as structural reforms to increase business activity in the region.

As part of the high-level dialogue on women's economic empowerment, the parties considered the current demographic transition and the increasing burden it places on women to care for family members. They also discussed the region's persistent wage gaps, women's access to capital, technical skills and market niches.

The Korean presidency paid special attention to the role of women in digital transformation and the development of artificial intelligence (AI) technology. “In this regard, we shared, firstly, the objectives of the national AI development strategy and the corresponding federal project, as well as an assessment of the current and projected contribution of AI to the Russian GDP,” said Deputy Director of the Department Evgeniya Drozhashchikh. “The partners responded particularly positively to the results of a survey among medium and large businesses (VK Predict and the consulting agency Prognosis. — Ed.), according to which 70% of companies are already using AI in their work.”

The Russian side presented measures to support women interested in mastering IT skills: the Women in IT project, offering free training in digital competencies; the Digital Professions and Ready for Digital initiatives, which have proven to be in demand among women on maternity leave.

“To demonstrate the real involvement of Russian women in digital transformation, we also provided several business cases from participants of the Skolkovo Foundation,” shared Evgenia Drozhashchikh.

Thus, Diana Khasanova's BRAINPHONE project provides diagnostics and monitoring of Parkinson's disease by voice based on artificial intelligence. The Third Opinion platform launched by Anna Meshcheryakova provides an intelligent video analytics service for medical institutions. Svetlana Perminova's UJIN solution allows for the formation of a building's digital infrastructure, optimizing processes and the use of energy and time resources.

During the meetings, the Russian side presented projects implemented within the framework of APEC in the field of supporting women in creative industries, satellite monitoring of climate-active substances, and development of tourism in rural areas. At the same time, current initiatives were presented to unlock the potential of AI in the creative economy, mathematical modeling for sustainable development, management of space museum complexes, and tourism education. Russia invited the meeting participants to join the 10th international competition of women's entrepreneurial initiatives APEC BEST Award.

"It is noteworthy that during the discussion we practically generated interest in the startup agenda among economies. Previously, such small technology companies were perceived as an existing phenomenon in APEC, but were never the focus of individual initiatives or plenary sessions," shared Evgeniya Drozhashchikh. "However, after the presentation of experience in supporting an effective startup ecosystem, developing legislation, a registry approach and simplified access to government support measures, establishing international ties within BRICS and the SCO, APEC partners became excited about the topic. At the next stage, we plan to formulate a conceptual note and offer Asia-Pacific countries a thematic roadmap."

Following the meeting, the delegations agreed on a joint statement reflecting common priorities for the region at the intersection of the women's agenda and the goals of sustainable, inclusive, innovative development.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Marat Khusnullin: Financing for reconstruction of Irkutsk Aviation Plant boiler house through infrastructure bonds approved

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

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The Government Commission on Regional Development, headed by Deputy Prime Minister Marat Khusnullin, approved financing for the reconstruction of the Irkutsk Aviation Plant boiler house using infrastructure bonds in the amount of 3.8 billion rubles.

"The Russian construction industry faces ambitious tasks to ensure dynamic infrastructure development in the regions. Our comprehensive interdepartmental national project "Infrastructure for Life" is aimed at this. To achieve these goals, we use infrastructure bonds, among other things. This tool allows us to create social, road and engineering infrastructure facilities in the regions. Using infrastructure bonds, we approved financing in the amount of 3.8 billion rubles for a new project – the reconstruction of the boiler house of the branch of PJSC Yakovlev – Irkutsk Aviation Plant. The facility will service four residential complexes with a total area of 236 thousand square meters, which are planned to be built on this territory," said Marat Khusnullin.

Today, in 28 regions of Russia, thanks to the mechanism for attracting market investments, roads, utility networks, kindergartens and schools are being built, and public transport is being updated. The total volume of financing for infrastructure bond projects is 197.8 billion rubles.

"With the support of DOM.RF, infrastructure projects are being successfully implemented in various regions of the Siberian Federal District: roads, schools and other facilities are being built. Now we are expanding the geography of our work to Irkutsk. The new project has become the 55th in the DOM.RF infrastructure bond portfolio. I am confident that thanks to our instruments, financing will continue to be directed towards the implementation of new initiatives in the social, transport, housing and other spheres," commented DOM.RF Managing Director Alexander Aksakov.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Financial news: 08/12/2025, 10-11 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the SOFL (iSoftline) security were changed.

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

08/12/2025 10:11

In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of Moscow Exchange PJSC by NCO NCC (JSC), on 12.08.2025, 10-11 (Moscow time), the values of the upper limit of the price corridor (up to 140.48) and the range of market risk assessment (up to 157,794 rubles, equivalent to a rate of 49.5%) of the SOFL (iSoftline) security were changed

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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The government has approved a list of territories whose defense participants have the right to receive the status of combat veterans

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

An important disclaimer is at the bottom of this article.

Order dated August 11, 2025 No. 2148-r

Document

Order dated August 11, 2025 No. 2148-r

The list of territories adjacent to the areas of the special military operation and subjected to attacks by the armed formations of Ukraine includes 11 administrative-territorial entities. The order approving such a list has been signed.

These territories include the Republic of Crimea, the city of Sevastopol, Belgorod, Bryansk and Kursk regions, Temryuk district of Krasnodar region, Kantemirovsky and Rossoshansky municipal districts of Voronezh region, as well as the cities of Anapa, Novorossiysk and Gelendzhik.

According to the new version of the federal law "On Veterans", which was approved by the President in April 2025, military personnel, employees of law enforcement agencies and members of volunteer formations who repelled the invasion of the Kursk region, as well as armed provocations in the territories specified in the list, received the right to be assigned the status of a combat veteran. In turn, military personnel and members of volunteer formations who became disabled as a result of wounds, concussions and mutilations received, received the right to the status of a disabled person of combat operations.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Yuri Trutnev: The business program of the EEF-2025 has been published

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

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Onofficial website The business program of the tenth, anniversary Eastern Economic Forum, which will be held in Vladivostok on September 3–6, has been published. The main theme is “The Far East – Cooperation for Peace and Prosperity.” The organizer of the EEF is the Roscongress Foundation.

"The Eastern Economic Forum has become one of the effective instruments for the accelerated socio-economic development of the Far East. The most pressing issues of attracting investment, creating new enterprises and projects, stimulating various sectors of the economy, improving social infrastructure and raising the quality of life of Far Easterners are discussed on the sidelines of the forum. Thanks to the concluded investment agreements, new high-tech enterprises have already been built and are being created in the Far East, and highly paid jobs are being created. The implementation of master plans for Far Eastern cities, carried out on behalf of the President of Russia, plays a major role for the Far East. In essence, this is a historic chance to transform urban spaces and change the living conditions of residents of the Far East. Among the important topics of this year are the discussion of technological development and the attraction of technologies, the growing energy needs in the Far East and many others. It is worth noting that the EEF has become a platform for strengthening cultural and economic ties with countries friendly to Russia. We are open to cooperation with those who are ready to work on mutually beneficial partnership terms,” noted Deputy Prime Minister – Presidential Plenipotentiary Representative in the Far Eastern Federal District, Chairman of the Organizing Committee of the Eastern Economic Forum Yuri Trutnev.

The business program will include about 90 thematic sessions, divided into seven thematic blocks: “The Far East – a territory for life and development”, “Recipes for growth: investments, innovations, integration”, “Openness and mutually beneficial partnership – the basis of stability”, “Technologies: from theory to economic effects”, “Cities – for people’s lives”, “Arteries of growth: how logistics changes the economy” and “In partnership between business and the state: a major reassembly”.

"The future of the multipolar world is currently being formed in the East. Russia is actively involved in these processes, consistently strengthening its positions in the Asia-Pacific region. A key element of the prosperity strategy is the comprehensive development of the Far East – a territory that is becoming not only Russia's gateway to the Asia-Pacific region, but also an important center of economic growth. Unique preferential regimes, large-scale infrastructure projects and systemic measures to support business are already making the region attractive for investment and innovation. The Eastern Economic Forum plays a special role in this process – over 10 years, the forum has become the main platform for building long-term partnerships with leading Asian countries. The program of the anniversary EEF gives priority to key areas of sustainable development: technological sovereignty, training personnel for new industries, creating a comfortable urban environment, integrating technologies into economic processes, and developing public-private partnerships. I am convinced that the solutions developed at the forum will become the basis for specific actions that will strengthen Russia's position as one of the centers of the new economy. “The Far East is a territory of opportunities, and its development is a strategic contribution to the future of the entire country in the context of the emerging multipolar world,” emphasized Anton Kobyakov, Advisor to the President of Russia and Executive Secretary of the EEF Organizing Committee.

The Far East — a Territory for Life and Development track will discuss the socio-economic development of the macro-region and the creation of conditions for sustainable growth. Discussions are planned on modern models of personnel training, interaction between employers and educational institutions, as well as the introduction of new technologies in training. Successful cases of using the Far Eastern Hectare program for the development of agriculture, entrepreneurship and creative projects will be analyzed. Participants will also touch on the topic of forming social ecosystems as a strategic asset and other issues.

The sessions of the "Growth Recipes: Investments, Innovations, Integration" block will focus on issues of attracting investments, developing technologies and integrating the Far East into the global economy. In particular, projects for deep processing of hydrocarbons and their role in the economy of the macroregion, the possibilities of creative industries as drivers of the economy, technological innovations in agriculture, the development of small and medium-sized businesses and other topics will be discussed.

The direction "Openness and mutually beneficial partnership – the basis of stability" will be devoted to international cooperation, development of cross-border projects and strengthening of partnerships. The development of Bolshoy Ussuriysky Island, cultural and humanitarian ties with the Asia-Pacific countries and other topics will be discussed.

The track "Technologies: from theory to economic effects" covers innovative technologies, their implementation and impact on the regional economy. Experts will study the possibilities of automation in industry, shipbuilding and mining, prospects for the introduction of artificial intelligence in various processes, technological sovereignty in the automotive industry, mining and other sectors of the economy.

The "Cities – for People's Lives" block is dedicated to the development of the urban environment, infrastructure and improving the quality of life in the cities of the Far East. Successful practices of improvement and involvement of residents in the development of settlements, measures of state support for the development of infrastructure and tourism, as well as urban renewal will be considered.

The events of the block "In partnership between business and the state: a major rebuild" will touch upon the development of public-private partnerships in various areas. Participants will discuss legislative initiatives, investment incentives and rebooting existing support instruments.

The track "Arteries of Growth: How Logistics Changes the Economy" focuses on transport and logistics infrastructure, including sea, river and air transportation. There will be sessions dedicated to the Northern Delivery Program, the development of the Northern Sea Route, container logistics and other topics.

The EEF will also include the Forum of Creative Industries, the international forum "Falcon Day", the youth forum "Day of the Future", the APEC International Conference on Cooperation in Higher Education and the conference of the Russian Historical Society. In addition, the program will include business dialogues with China, India, Thailand, Myanmar and ASEAN. The regions of the Far Eastern Federal District will traditionally present their achievements at the exhibition "Far East Street", which will be held from September 3 to 9.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Financial news: 08/12/2025, 10:05 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the SOFL (iSoftline) security were changed.

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

08/12/2025 10:05

In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of PJSC Moscow Exchange by NCO NCC (JSC) on 12.08.2025, 10-05 (Moscow time), the values of the upper limit of the price corridor (up to 131.76) and the range of market risk assessment (up to 149.086 rubles, equivalent to a rate of 41.25%) of the SOFL (iSoftline) security were changed

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Marat Khusnullin held a meeting of the supervisory board of DOM.RF

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

An important disclaimer is at the bottom of this article.

Marat Khusnullin held a meeting of the supervisory board of DOM.RF

Deputy Prime Minister Marat Khusnullin held a meeting of the supervisory board of the housing development institute DOM.RF. The participants summed up the preliminary results of the company's work for the first half of 2025 and discussed plans for the future.

"DOM.RF continues to play an important role in the development of the Russian construction industry. Summing up the preliminary results of the first half of the year, we see significant success in the work of the state-owned company. Since 2021, the volume of commissioning of multi-apartment housing with the participation of the development institute's instruments has reached 31.6 million square meters, the volume of commissioning of individual housing – 2.6 million square meters. The urban development potential of the implemented federal land plots amounted to 11.7 million square meters. DOM.RF also acts as an operator of preferential mortgage programs, with their help over 214 thousand families were able to improve their housing conditions in six months. I would like to note that all the main indicators have been achieved, it is important to continue working in the same spirit. I am confident that DOM.RF will continue to contribute to the development of housing construction in Russia," said Marat Khusnullin.

During the meeting, the company's priority areas of activity were considered, including the program of subsidizing individual housing construction. It has already covered 51 regions of the country, 2.5 thousand credit agreements have been concluded.

"We set ourselves quite ambitious goals for 2025, and despite the difficult macroeconomic conditions, they are all being achieved. Based on the results of the first half of the year, a large volume of projects has already been implemented that contribute to the development of the housing sector and, consequently, the socio-economic development of the country. The increase in the group's assets to 5.6 trillion rubles is a consequence of the course we have chosen. The effectiveness of financial instruments for investors is embodied in specific projects: the project financing portfolio is 80 million square meters, 54 infrastructure projects are being implemented in 27 regions. We intend to continue to complete all tasks on time and strengthen the position of DOM.RF as a driver for improving the quality of urban infrastructure and the development of construction in Russia," said Vitaly Mutko, CEO of DOM.RF.

In addition, members of the Supervisory Board considered issues of leasing municipal and road construction equipment for municipalities, financing infrastructure with bonds, developing the rental housing market and activities in the reunited regions of the country. During the discussion, mechanisms aimed at supporting the mortgage market and stimulating demand for housing were also considered.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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