Tag: Investment

TRANSCRIPT: [Putin at] Meeting of the Agency for Strategic Initiatives Supervisory Board

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
File Photo of Vladimir Putin at Valdai Club 2013 Meeting, Adapted from Screenshot of Valdai Club Video at youtube.com

(Kremlin.ru – Novo-Ogaryovo, Moscow Region – November 14, 2013) Vladimir Putin chaired a meeting of the Agency for Strategic Initiatives (ASI) Supervisory Board. Meeting participants discussed the creation of a good investment climate and the evaluation of new ASI-supported projects. PRESIDENT OF RUSSIA VLADIMIR PUTIN: Good afternoon, colleagues, Today we are holding our final meeting this year. So I would […]

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Lavrov: Russia, U.S. need more trade, mutual investment

Economy, Business, Investment, Trade, United States, U.S.-Russian Relations
File Photo of John Kerry and Sergei Lavrov at Separte Podiums, Kerry with a Visible Earpiece; Adapted from Photo at state.gov

MOSCOW. Nov 13 (Interfax) – Russian Foreign Minister Sergei Lavrov has called for boosting trade between Russia and the United States and for more extensive mutual investment. “Russia and the United States possess all the necessary resources for more extensive collaboration in countering modern threats and challenges and in trying to settle regional crises and conflicts. I am convinced that […]

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Lawmakers From 21 Countries Form Magnitsky Group

Assassinations, Beatings, Threats, Human Rights
Memorial Flowers and Photo of Sergei Magnitsky

(Moscow Times – themoscowtimes.com – November 13, 2013) Lawmakers from 21 countries have formed a commission to promote sanctions against Russian officials implicated in the prison death of whistle-blowing lawyer Sergei Magnitsky in 2009. The Justice for Sergei Magnitsky commission, which was holding its inaugural meeting at the European Parliament in Brussels on Wednesday, includes lawmakers from Canada, Britain, France, […]

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Russian Tech Sector Reliant on U.S. Investors and Expertise

Economy, Business, Investment, Trade, Science, Technology, Engineering, United States, U.S.-Russian Relations
Cash, Calculator, Pen

(Moscow Times – themoscowtimes.com – Guennadi Moukine – November 11, 2013) The only route to success for Russian technology firms is to launch an operation and find investors in U.S., an investment forum heard. The venture capital market in the U.S. is mature, and investors have experience that Russia, whose investment institutions are relatively young, does not have, speakers at […]

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Moscow Times: Forum Shows Russian Ingredients of Innovation Recipe

Economy, Business, Investment, Trade
Map of Western CIS/FSU and European Environs

(Moscow Times – themoscowtimes.com – Guennadi Moukine – November 1, 2013) Good infrastructure, a secure environment and exponentially increasing computer power guarantee the growth of innovative solutions to global problems, political and technology leaders told attendees of the International Forum for Innovative Development in Moscow on Thursday. Russia has the intellectual capital, education and state support to become a technology […]

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TRANSCRIPT: [Medvedev at] 2nd Moscow International Forum, Open Innovations

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
Map of Western CIS/FSU and European Environs

(Government.ru – October 31, 2013) Dmitry Medvedev’s address to the plenary meeting: Addressing the plenary meeting of the 2nd Moscow International Forum, Open Innovations Ladies and gentlemen, colleagues, Mr Katainen (Prime Minister Jyrki Katainen of Finland), Mr Ayrault (Prime Minister Jean-Marc Ayrault of France), the first thing I heard was: What can governments do to support innovation? I think the […]

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Interfax: “Medvedev: progress made in intellectual property protection in Russia”

Corruption, Law, Police, Courts, Crime
Dmitry Medvedev file photo

MOSCOW. Oct 31 (Interfax) – Russia has made progress in the protection of intellectual property, Prime Minister Dmitry Medvedev told the audience at the “Open Innovations” Forum in Moscow on Thursday. “There is one more theme, which, unfortunately, has been very complicated in Russia for a long period. I mean intellectual property. Nevertheless, I think that we have recently taken […]

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Doing Business in Russia now easier than in China, says World Bank

China, Economy, Business, Investment, Trade
Eurasia Map

(Russia Beyond the Headlines – rbth.ru – Artem Zagorodnov, RBTH    – October 31, 2013) Russia moves ahead of its fellow BRIC countries in the World Bank’s latest Ease of Doing Business ranking, as the country fights to attract international investment. Russia jumped 20 places in the World Bank’s Ease of Doing Business survey to number 92 out of 185 […]

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Putin’s $48 Billion Olympic Legacy Faces 100-Day Sprint to Open

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections, Sports, Olympics, World Cup
File Photo of Sochi Olympics Banner Near Highway in Warm Weather with Vehicle and Cyclicsts Nearby

(Bloomberg – bloomberg.com – October 29, 2013 – Jake Rudnitsky) One hundred days before the start of the most expensive Winter Olympics, President Vladimir Putin’s $48 billion vision of a newly empowered Russia rests in the hands and shovels of laborers working around the clock. Construction continues on the main stadium, hotels and athlete housing for the Feb. 7-23 Winter […]

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Interfax: Head of AmCham in Russia praises Moscow investment climate

Economy, Business, Investment, Trade
File Photo of Outdoor Electronic Sign with Russian Exchange Data

NEW YORK. Oct 28 (Interfax) – The head of the American Chamber of Commerce (AmCham) in Russia, Andrew Somers, has praised the investment climate in Moscow and claimed that the environment for doing business in the city has improved significantly over the last few years. Somers, who was speaking on Monday at a forum in New York entitled “Invest in […]

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Focus on Asia-Pacific would improve investment climate in Far East – minister

Economy, Business, Investment, Trade, Far East, Siberia, APEC
Map of Asia-Pacific Highlighting APEC Member States

MOSCOW. Oct 21 (Interfax) – The investment appeal of Russia’s Far East has been seriously hampered by Soviet stereotypes of economic regionalism with a focus on the European part of Russia, when the focus should be on the Asia-Pacific region, Far East Development Minister Alexander Galushka believes. “We’ve had to face a fairly large number of stereotypes in the formation […]

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Head of Ernst & Young predicts growth of foreign investments in Russia

Economy, Business, Investment, Trade
File Photo of Outdoor Electronic Sign with Russian Exchange Data

GORKI. Oct 21 (Interfax) – The world’s largest companies are planning to increase investments in Russia soon, Mark Weinberger, Global Chairman & CEO of Ernst & Young, said. Weinberger told journalists after a Foreign Investment Advisory Council meeting that “68% of the companies who invest in Russia are planning on increasing investments soon.” He also said that “if we look […]

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How Wealthy Russians Buy a 2nd Passport

Corruption, Law, Police, Courts, Crime, Economy, Business, Investment, Trade, Foreign Policy, Security, Visas, Migrants
File Photo of Man Placing Stack of Large Bills into Inside Pocket of Suitcoat

(Moscow Times – themoscowtimes.com – Sam Skove – October 18, 2013) When Nuri Katz, founder of investment firm Apex Capital, heads for the customs gate, he gets to decide which of his three passports to use ­ – a privilege that his Russian clients would pay up to 5 million euros to enjoy. Katz is in the citizenship-by-investment business. Select […]

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Hermitage’s Browder Wins Dismissal of Russian’s Libel Case

Assassinations, Beatings, Threats, Britain, UK, United Kingdom, Corruption, Law, Police, Courts, Crime, Economy, Business, Investment, Trade, Human Rights
Memorial Flowers and Photo of Sergei Magnitsky

(Bloomberg – bloomberg.com – Jeremy Hodges – October 14, 2013) Hermitage Capital Management founder William Browder won the dismissal of a U.K. libel case filed by a former Russian policeman accused of playing a part in the 2009 death of legal and tax adviser Sergei Magnitsky. Judge Peregrine Simon ruled that the U.K. wasn’t the right jurisdiction for the ex-policeman, […]

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Russia Beyond the Headlines – Russia: Surprising on the upside

Economy, Business, Investment, Trade
File Photo of Cash, Coins, Line Graph

(Russia Beyond the Headlines – rbth.ru – David Gray, managing partner of PwC Russia, special to RBTH – October 1, 2013) David Gray of PwC Russia explains how business opportunities can often be undervalued by foreigners based on his own 19 years in Moscow. Like an analyst giving a share tip, I think that I should start by admitting that, […]

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Putin Confronts Economy’s Long-Term Flaws

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
File Photo of Cash, Coins, Line Graph

(Moscow Times – themoscowtimes.com – Guennadi Moukine – October 3, 2013) The worst of the economic crisis is over and the economy is under control, but it is time to steer the economy back into growth mode, President Vladimir Putin said at an investment forum Wednesday. He was speaking at the Russia Calling! VTB Capital event in Moscow, where he […]

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TRANSCRIPT: [Putin at] Russia Calling! Investment Forum

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
File Photo of Vladimir Putin at Valdai Club 2013 Meeting, Adapted from Screenshot of Valdai Club Video at youtube.com

(Kremlin.ru – Moscow – October 2, 2013) Vladimir Putin took part in the fifth annual “Russia Calling!” Investment Forum, organised by VTB Capital. The theme of this year’s forum is New Horizons for Growth: How to Reach Them. The “Russia Calling!” Investment Forum provides a platform for developing dialogue between Russian business and the international investment community. Prominent political and […]

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TRANSCRIPT: Medvedev at Twelfth International Investment Forum Sochi-2013

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
File Photo of Cash, Coins, Line Graph

(Government.ru – Sochi, Krasnodar Territory – September 27, 2013) The main focus of the forum is economic growth and quality of life, including foreign direct investment, comprehensive regional development and expansion of transport infrastructure through private investment. The participants also discussed social issues, including healthcare, participation of private medical organisations in the mandatory medical insurance system, social development policies for […]

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Medvedev Bemoans Fear of ‘Incomprehensible,’ ‘Unpredictable’ Russia

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
Dmitry Medvedev file photo

(RIA Novosti – MOSCOW, September 27, 2013) ­ Russian Prime Minister Dmitry Medvedev has said that investors have an “irrational fear” of Russia, a country he described as “incomprehensible” and “sometimes unpredictable,” in a long opinion piece published Friday in a Russian newspaper. The article of over 3,000 words was titled “The Time of Simple Solutions Has Passed” and focused […]

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EBRD Chief Sees Opportunity in ‘Sluggish’ Russia

Corruption, Law, Police, Courts, Crime, Economy, Business, Investment, Trade
File Photo of Cash, Coins, Line Graph

(Moscow Times – themoscowtimes.com – September 24, 2013) EBRD president Suma Chakrabarti acknowledged Tuesday that Russia’s sputtering economy combined with deeply ingrained problems such as corruption and a weak court system were deterring both foreign and domestic investors. But he insisted that the opportunities continued to far outweigh the risks and said the Russian authorities were taking much-needed steps to […]

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Russia Fails to Attract Equity Flows Despite Global Rally

Economy, Business, Investment, Trade
Cash, Calculator, Pen

(Moscow Times – themoscowtimes.com – September 16, 2013) As fears about the Syrian conflict recede, equity fund flows have increased to most emerging markets, excluding Russia, Emerging Portfolio Fund Research, or EPFR, said in a report. According to EPFR, investors channeled $2.6 billion to emerging markets last week, a weekly maximum since February, but pulled $235 million out of Russia, […]

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How much does the rest of the world hate Russia?

Economy, Business, Investment, Trade, Foreign Policy, Security, Visas, History, Soviet Union, Human Rights, Politics, Government, Protests, Elections, Population Disaster, Demographics, Russia & the West
World Map Showing Continents, Greens, Browns, Ice

(Business New Europe – bne.eu – Ben Aris – September 11, 2013) How much does the rest of the world hate Russia? Answer: a lot. This excerpt below is part of an internal memo by a major US bank, which will remain nameless, to clients on the results of the Moscow mayoral elections at the weekend. What is supposed to […]

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G20 will need to make decisions on investment, financial sector regulation – Putin

Economy, Business, Investment, Trade, Foreign Policy, Security, Visas
File Photo of Russia-Hosted G20 Banners Outdoors Before Yellow and White Facade of Historic-Looking Building

(Interfax – August 28, 2013) Russian President Vladimir Putin said important decisions are expected to be made in the sphere of investment stimulation at the G20 summit scheduled to take place in St. Petersburg. “A roadmap for the financing of long-term investment has been created. It will be implemented during the years of Australia’s chairmanship [of the G20]. The principles […]

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Russian companies may be forced to declare offshore units

Economy, Business, Investment, Trade
File Photo of Man Placing Stack of Large Bills into Inside Pocket of Suitcoat

(Business New Europe – bne.eu – August 28, 2013) The Kremlin’s drive to increase transparency and limit the amount of money held in offshore havens could be extended to companies, which will be forced to declare an overseas status. Duma deputy Dmitry Savelyev for the ruling United Russia Party, has submitted a bill, which would oblige the companies to inform […]

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Russian firms cautiously aiming at new investments

Economy, Business, Investment, Trade
Cash, Calculator, Pen

(Moscow News – themoscownews.com – Nathan Gray – August 21, 2013) Growth in targeted investment is the key message of the 2013 American Express/CFO Global Business and Spending Monitor, scheduled for release in Russia this week. While businesses worldwide are still exercising caution, the report’s findings cite growing optimism among companies toward investment, with specialization in markets and value delivery […]

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None of State Duma deputies prefers foreign assets to parliament seat

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
World Map Showing Continents, Greens, Browns, Ice

(Interfax – MOSCOW, August 19, 2013) At least 39 State Duma deputies were supposed to make decisions regarding their foreign assets and real estate abroad before August 19. A law, which came into effect on May 19, 2013, compelled deputies to abandon either their assets or their parliament seats. Deputies and public servants are permitted to have real estate abroad […]

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Russian Investors Flock to Virgin Islands After Cypriot Crisis

Economy, Business, Investment, Trade
Map of Caribbean Sea and Environs, Including Virgin Islands Highlighted by Red Box

(Moscow Times – themoscowtimes.com – Irina Filatova – August 19, 2013) President Vladimir Putin’s calls for domestic companies to repatriate their funds back home from offshore jurisdictions have fallen on deaf ears, with almost half of the $67 billion investment by Russian residents abroad in the first quarter of this year settling in the British Virgin Islands, according to figures […]

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Amazon Launches ‘Massive’ Expansion in Russia – Report

Economy, Business, Investment, Trade, United States, U.S.-Russian Relations
File Photo of Little Russian Girl at Laptop Next to Globe

(RIA Novosti – WASHINGTON, August 13, 2013) ­ Online U.S. retail behemoth Amazon is embarking on a “massive” expansion in the Russian books market and has already begun signing contracts with Russia’s largest publishing houses, a publishing industry website has reported. The Seattle-based firm has already signed an agreement with Rosman, one of Russia’s biggest publishers of children’s titles, for […]

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Money to be made for small businesses in Russia; Can foreigners start their own business in Russia? In what spheres is there more money to be made?

Economy, Business, Investment, Trade
Cash, Calculator, Pen

(Russia Beyond the Headlines – rbth.ru – Maria Shpigel, special to RBTH – July 30, 2013) Against the background of crises in the developed economies, Russia, with its high oil revenues, looks promising for the development of the services sector. The majority of micro and small enterprises operate in the services sector, because it is here that the cost of […]

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Corruption, concerns about judicial system may impact Russian investment climate – EESC head

Corruption, Law, Police, Courts, Crime, Economy, Business, Investment, Trade
Cropped File Photo of Two Men in Business Suits Shaking Hands and Passing Cash

(Interfax – MOSCOW, July 27, 2013) Opacity of the Russian judicial system and corruption may influence investors’ decisions to enter the Russian market, European Economic and Social Committee (EESC) President Henri Malosse said. “Today investors indeed may feel some trepidation for reasons that are linked to the reliability of the Russian judicial system, as well as for reasons of corruption,” […]

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Investment Standards Face Hurdles

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections, Regions, Cities, Municipalities
Map of Russia

(Moscow Times – themoscowtimes.com – Peter Hobson – July 22, 2013) The Russian government faces an uphill struggle to make underdeveloped regions more attractive for investors. Officials and business leaders disagree on the feasibility of a draft set of mandatory standards designed to improve the investment attractiveness of districts and towns, which are set to enter into force by 2014. […]

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Navalny Highlights Investors’ Black-Box Conundrum: Russia Credit

Corruption, Law, Police, Courts, Crime, Economy, Business, Investment, Trade, Human Rights, Politics, Government, Protests, Elections
File Photo of Alexei Navalny Being Grabbed by Police at Protest

(Bloomberg – bloomberg.com – Ksenia Galouchko & Vladimir Kuznetsov – July 22, 2013) The conviction of Alexey Navalny, a political opponent of Russian President Vladimir Putin, highlights risks faced by investors as they weigh whether to buy assets in the world’s biggest energy exporter. Russia, which earned about $350 billion from oil and gas exports last year, has a Baa1 […]

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Navalny Sentence a Blow to Business

Corruption, Law, Police, Courts, Crime, Economy, Business, Investment, Trade, Human Rights, Politics, Government, Protests, Elections
File Photo of Cash, Coins, Line Graph

(Moscow Times – themoscowtimes.com – Irina Filatova – July 19, 2013) The Russian stock market reacted pessimistically Thursday following the ruling of a regional court that sentenced opposition leader Alexei Navalny to five years in prison for embezzlement. The sentence is widely believed to be another blow to Russia’s image and is likely to result in an a more dramatic […]

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Russian stock market nosedives on Navalny verdict

Economy, Business, Investment, Trade, Human Rights, Politics, Government, Protests, Elections
Alexei Navalny file photo

(RIA Novosti, The Moscow News – themoscownews.com – July 18, 2013) Russia’s stock market fell sharply on Thursday according to Moscow Exchange data, after investors took in the news that opposition blogger Alexei Navalny had been found guilty in a controversial fraud trial and sentenced to five years in jail. The court in the city of Kirov, about 900 kilometers […]

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Navalny’s sentence to lead to outflow of young lawyers, businessmen from Russia – Prokhorov

Economy, Business, Investment, Trade, Human Rights, Politics, Government, Protests, Elections
Alexei Navalny file photo

(Interfax – MOSCOW, July 18, 2013) The sentence of opposition activist Alexei Navalny is affecting the interests of small and middle-sized businesses and will lead to the outflow of young lawyers and businessmen from Russia, leader of the Civil Platform party Mikhail Prokhorov said. “The sentence passed on Alexei Navalny and Pyotr Ofitserov is not just a sentence to the […]

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Intel, IBM Feel Putin Pinch as Medvedev Tech Hub Falters

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections, Science, Technology, Engineering, United States, U.S.-Russian Relations
Skolkovo File Photo

(Bloomberg – bloomberg.com – Henry Meyer, Irina Reznik & Jason Corcoran – July 17, 2013) When Russian agents stormed the downtown offices of the Skolkovo technology hub being built near Moscow on April 18, a startled Intel Corp (INTC). executive got caught up in the raid. Dusty Robbins, head of global programs for the world’s largest chipmaker, was forced to […]

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Putin Foe Navalny Faces Jail as Investors Fret About Selloff

Corruption, Law, Police, Courts, Crime, Economy, Business, Investment, Trade, Human Rights, Politics, Government, Protests, Elections
File Photo of Alexei Navalny Being Grabbed by Police at Protest

(Bloomberg – bloomberg.com – Jason Corcoran & Henry Meyer – July 17, 2013) Alexey Navalny faces possible imprisonment tomorrow in the highest-profile case against a critic of President Vladimir Putin since the prosecution of former oil billionaire Mikhail Khodorkovsky. A judge in Kirov, 900 kilometers (560 miles) northeast of Moscow, will rule on charges that Navalny defrauded state-owned timber company […]

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Russia urges G20 to tell market about its debt policy guidance

Economy, Business, Investment, Trade, Foreign Policy, Security, Visas
File Photo of Russia-Hosted G20 Banners Outdoors Before Yellow and White Facade of Historic-Looking Building

(Interfax – MOSCOW, July 17, 2013) Russia urges the G20 nations to inform the markets about their debt policy guidance. “We think it would be advisable to put medium-term debt policy guidelines for countries with a lot of debt on the agenda for the G20 meeting [of finance ministers, which takes place in Moscow at the end of the week],” […]

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Corruption halts approx 14% of businesses in Russia – RUIE

Corruption, Law, Police, Courts, Crime, Economy, Business, Investment, Trade
Cropped File Photo of Two Men in Business Suits Shaking Hands and Passing Cash

(Interfax -YEKATERINBURG, July 12, 2013) A third of Russian and foreign investors believe that corruption is an impediment, President of the Russian Union of Industrialists and Entrepreneurs (RUIE) Alexander Shokhin said. “Corruption halts approximately 14% of businesses in Russia,” he said at a roundtable, “Investment Climate in Russian Regions through Foreign Investors’ Eyes”, held at the Innoprom 2013 show in […]

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Interfax: Moscow urges Washington not to extend Magnitsky List

Assassinations, Beatings, Threats, Foreign Policy, Security, Visas, Human Rights, United States, U.S.-Russian Relations
Memorial Flowers and Photo of Sergei Magnitsky

(Interfax – MOSCOW, July 12, 2013) The Russian Foreign Ministry has urged Washington to stow plans for an extended Magnitsky List and warned it would react sternly, given the rights abuses the United States is committing globally. “We urged the U.S. administration to demonstrate wisdom and not to take steps that would spoil the atmosphere of bilateral relations,” Russian Foreign […]

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U.S. Hotels Investing Heavily in Russia

Economy, Business, Investment, Trade, United States, U.S.-Russian Relations
Cash, Calculator, Pen

(RIA Novosti – Maria Young -WASHINGTON, July 11, 2013) ­ American travelers to Moscow, St. Petersburg and elsewhere in Russia may find themselves in familiar surroundings, thanks to a surge in US hotel chains opening across the country. “Russia is one of our three top priority markets, because travel to and from Russia is growing fast. We see it as […]

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Rights commissioner denounces Magnitsky’s postmortem conviction

Assassinations, Beatings, Threats, Corruption, Law, Police, Courts, Crime, Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
Memorial Flowers and Photo of Sergei Magnitsky

(Interfax – MOSCOW, July 11, 2013) Russian Human Rights Commissioner Vladimir Lukin has denounced the postmortem conviction of late Hermitage Capital auditor Sergei Magnitsky by Moscow’s Tverskoi Court. “I object to trying people post mortem. There is an element of some ancient pagan mentality in this,” Lukin told Interfax on Thursday. “Then let’s arrange the trial of Ivan the Terrible […]

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Hermitage Capital blasts Magnitsky’s posthumous conviction

Assassinations, Beatings, Threats, Corruption, Law, Police, Courts, Crime, Economy, Business, Investment, Trade, Human Rights, Politics, Government, Protests, Elections
Memorial Flowers and Photo of Sergei Magnitsky

(Interfax – MOSCOW, July 11, 2013) British investment fund Hermitage Capital has attacked Thursday’s posthumous conviction of its lawyer Sergei Magnitsky and in absentia conviction of its chief executive William Browder. “This trial reflects the authorities’ disrespect for fundamental international legal values and personal rights and freedoms,” Hermitage said in a statement made available to Interfax. Moscow’s Tverskoi Court convicted […]

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Putin Calls on Moscow Airports to Reveal Owners’ Identities

Aviation, Drones, Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
Kremlin and St. Basil's

(RIA Novosti – MOSCOW, July 3, 2013) ­ All Moscow airports must disclose their beneficiary owners as part of a plan to create a unified aviation hub for the capital, Russian President Vladimir Putin said Wednesday, in a move that appears to put pressure on Domodedovo airport whose beneficiary owners have refused to reveal themselves. “It is essential that all […]

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Lawyer of Magnitsky’s relatives says trial of deceased auditor illegal

Assassinations, Beatings, Threats, Corruption, Law, Police, Courts, Crime, Economy, Business, Investment, Trade, Human Rights, Politics, Government, Protests, Elections
Memorial Flowers and Photo of Sergei Magnitsky

(Interfax – MOSCOW,. July 3, 2013) The defense team of Hermitage Capital’s auditor Sergei Magnitsky, who died in a detention facility, said that a guilty verdict within the framework of the trial in absentia of Magnitsky was needed to justify his death. “The trial is needed just for this – to tell the entire world – here, look, the court […]

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Russian regulator proves first case of insider trading

Corruption, Law, Police, Courts, Crime, Economy, Business, Investment, Trade
File Photo of Man Placing Stack of Large Bills into Inside Pocket of Suitcoat

(Interfax – MOSCOW, July 2, 2013) The Federal Financial Markets Service (FFMS) has for the first time proven a case of insider trading on the Russian market, the head of the regulator, Dmitry Pankin said on his official blog. The case concerns transactions with shares in cosmetics firm Kalina (RTS: KLNA) in the fall of 2011, ahead of the announcement […]

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WTO entry disappoints, but Russia stays attractive

Economy, Business, Investment, Trade
File Photo of Outdoor Electronic Sign with Russian Exchange Data

(Russia Beyond the Headlines – rbth.ru – Regina Sadykova, special to RBTH – June 28, 2013) By comparison with other European countries, Russia remains attractive as a business and investment destination. The Association of European Business (AEB) in Russia has presented the results of its annual research project ­ “Strategies and Perspectives of European Companies in Russia”­carried out in conjunction […]

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Moscow Blog: The Kremlin’s PR incompetence

Economy, Business, Investment, Trade, Europe, EU, Foreign Policy, Security, Visas
File Photo of St. Petersburg Economy Forum Outdoor Banners and Building Facade

(Business New Europe – bne.eu – Ben Aris – June 26, 2013) Russia has just hosted its premier investment summit, the St Petersburg International Economic Forum (SPIEF) on June 20-22, which is supposed to showcase the country and attract badly needed foreign investment. Instead, thanks to the Kremlin’s typically moronic handling of its PR, it only managed to make Russia […]

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Foreign Investors in Russia Hesitant Despite Putin Promises

Economy, Business, Investment, Trade
File Photo of Outdoor Electronic Sign with Russian Exchange Data

(RIA Novosti – Howard Amos – ST. PETERSBURG, June 24, 2013) ­ Russian President Vladimir Putin urged foreign investors to pitch in on several multi-billion-dollar infrastructure projects last week, but his audience proved wary, with investors warning that obstacles old and new ­ from lack of predictability to slowing economic growth ­ were likely to deter inflows of new capital […]

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Business Climate Hindering Far East Investment

Economy, Business, Investment, Trade, Far East, Siberia, APEC, Politics, Government, Protests, Elections
File Photo of People Working on Car Amidst Siberian Woodlands and Meadows

(Moscow Times – themoscowtimes.com – Yekaterina Kravtsova – St. PETERSBURG­, June 21, 2013) The government’s initiative to attract 25 billion rubles ($781 million) of investment to the Far East by 2025 will fail if the business climate for private investors does not improve, businessmen and state officials said Thursday at a session of the St. Petersburg International Economic Forum dedicated […]

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