Tag: Investment

Live Blog: SPIEF 2013, Day 2

Economy, Business, Investment, Trade
File Photo of St. Petersburg Economy Forum Outdoor Banners and Building Facade

(Moscow Times – themoscowtimes.com – June 21, 2013 – themoscowtimes.com/news/article/live-blog-spief-2013-day-2/482039.html) It’s day two of the 17th St. Petersburg International Economic Forum, the annual conference dedicated to economic and business issues that draws several thousand political and business leaders, leading scientists, and public figures from around the world. President Vladimir Putin will open a plenary session at 3 p.m. that will […]

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Rush for regions at St. Pete Economic Forum

Caucasus, Economy, Business, Investment, Trade, Far East, Siberia, APEC, Regions, Cities, Municipalities
Map of Russia

(Moscow News – themoscownews.com – Nathan Gray – ST. PETERSBURG, June 21, 2013) Russia’s government was rushing in where investors feared to tread ­ and used the St. Petersburg Economic Forum as a rallying call for aggressive spending in the country’s regions. Eastern Siberia and the Russian Far East have especially attracted attention in recent years in terms of the […]

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Investors Follow Putin to St. Pete

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
File Photo of St. Petersburg Economy Forum Outdoor Banners and Building Facade

(Moscow TImes – themoscowtimes.com – Anatoly Medetsky – June 20, 2013) St. Petersburg is drawing scores of business leaders to a forum where they are hoping to get the latest tips on the course that the government and major companies might take. Opening Thursday at the exhibition center LenExpo, the three-day event will host President Vladimir Putin for a keynote […]

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Customs Union Frauds Behind 40% of Russia Capital Flight

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

(RIA Novosti – MOSCOW, June 20, 2013) Fictitious import contracts with entities from Customs Union member states Belarus and Kazakhstan accounted for 40 percent of Russia’s net capital outflow last year, business daily Vedomosti reported on Thursday citing Central Bank data. About $10 billion could have been laundered through fake imports schemes via Kazakhstan, the Central Bank said in a […]

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Putin to Let Foreign Banks Check Out Officials

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
Cash, Calculator, Pen

(Moscow TImes – themoscowtimes.com – June 10, 2013) President Vladimir Putin has signed a decree allowing foreign banks and international organizations to check foreign property belonging to election candidates running for positions in state bodies, a news report said Monday. The new law will affect all federal and regional elected officials including the president, State Duma deputies, governors and heads […]

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Russia Invests in American Cows

Economy, Business, Investment, Trade, United States, U.S.-Russian Relations
File Photo of Cattle Grazing

(Moscow Times – themoscowtimes.com – June 7, 2013 – Anatoly Medetsky) The right species of foreign agent can get incentives to prosper and propagate in Russia, as shown by a deal announced Thursday. A unit of state-controlled lender Sberbank said it agreed to loan 1 billion rubles ($33 million) to an agricultural company for expanding its herd of U.S. bovines. […]

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Russia Climbs to 42nd Place in Competitiveness Rating

Economy, Business, Investment, Trade
World Map Showing Continents, Greens, Browns, Ice

(RIA Novosti – MOSCOW, May 30, 2013) Russia has climbed six positions to 42nd place in the 2013 World Competitiveness Rankings published by the Institute of Management Development (IMD) on Thursday. The IMD World Competitiveness Yearbook published annually by the IMD, a top-ranked global business school based in Switzerland, covers 60 countries and compares their competitiveness based on such key […]

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Market experts: Guriev situation already priced into ‘Russian risk’

Corruption, Law, Police, Courts, Crime, Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
Sergei Guriev file photo

(Interfax – MOSCOW, May 28, 2013) Russian financial market experts differed in their assessments of the impact of the situation surrounding Sergei Guriev, the rector of the New Economic School, which came to light on Tuesday evening. They agreed that the episode could negatively affect Russia’s investment appeal, but did not think it signaled a shift in the fundamental investment […]

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Russian, U.S. business can improve bilateral economic cooperation – Ryabkov

Economy, Business, Investment, Trade, United States, U.S.-Russian Relations
Empty Boardroom

(Interfax – MOSCOW, May 28, 2013) There will be no quality change in Russia-U.S. economic cooperation until businessmen of the two countries realize they really need each other, Russian Deputy Foreign Minister Sergei Ryabkov said. “Sure, last year’s trade turnover of $32 billion is ridiculous not only considering the scope of the U.S. and, also, Russian economy but also considering […]

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Gref Says Russia Lacks Project Management Experience

Politics, Government, Protests, Elections
File Photo of German Gref Shaking Hands with U.S. Official

(Moscow Times – themoscowtimes.com – Alexander Panin – May 29, 2013) Though Russia has funds to finance infrastructure, it lacks project management experience to develop such projects and needs to borrow it from abroad, German Gref, the head of Sberbank, said at a business lunch for investors held by the Transportation Ministry on Tuesday. The total cost of all tenders […]

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Medvedev Learns Geology at Skolkovo as Startups Seek Their Niche

Economy, Business, Investment, Trade, Science, Technology, Engineering
Skolkovo File Photo

(Moscow Times – themoscowtimes.com – Guennadi Moukine – May 29, 2013) Prime Minister Dmitry Medvedev visited the Startup Village conference at Skolkovo on Tuesday, reaffirmed his commitment to the Skolkovo innovation hub following a recent embezzlement scandal surrounding the project he conceived during his presidency, and learned a bit of geology. “I never knew that Kaliningrad had commercial geo-thermal sources,” […]

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Sochi 2014: World’s most expensive Olympics; Russia is set to spend over $51 billion on the 2014 Winter Olympic Games in Sochi.

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

(Russia Beyond the Headlines – rbth.ru – Daria Tikhonova, special to RBTH – May 28, 2013) The 2014 Sochi Winter Olympic Games are set to become the most expensive Olympics ever. Russia will have spent more than $51 billion on the Olympics by 2014. By comparison, China spent $45 billion on the 2008 Beijing Summer Olympics, and the UK invested […]

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Foreign direct investment in Russia soars 63.2% to $6.3 bln in Q1 – Rosstat

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

(Interfax – MOSCOW, May 24, 2013) Foreign direct investment (FDI) in Russia grew 63.2% year-on-year in Q1 2013 to $6.304 billion, the Federal State Statistics Service (Rosstat) said. Overall foreign investment grew 65.4% to $60.436 billion. The FDI included $1.148 billion in equity investment, down 38%; $4.726 billion in loans from the foreign co-owners of companies, up 180%; $1 million […]

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Interfax: Over half of foreign investors see positive changes in Russia’s investment climate – Shuvalov

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
Igor Shuvalov file photo

(Interfax – KALININGRAD, May 24, 2013) More than half of foreign investors welcome positive changes in Russia’s investment policy, Russian First Deputy Prime Minister Igor Shuvalov said. “The government believes that the investment climate in Russia is improving now. This is what foreign investors are saying. As many as 53% foreign companies working in the country confirm this opinion,” Shuvalov […]

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Ban on Foreign Holdings Gives Kremlin Muscovy-Like Control, Commentator Says

Corruption, Law, Police, Courts, Crime, Economy, Business, Investment, Trade, History, Soviet Union, Politics, Government, Protests, Elections
File Photo of Man Placing Stack of Large Bills into Inside Pocket of Suitcoat

(Window on Eurasia – Paul Goble – Staunton, May 10 ­ New Russia legislation to prevent officials from having cash or stock accounts abroad, promoted by the regime as a step toward “the nationalization of the elite,” brings Russia into line with countries like Bangladesh rather than the West and gives the Kremlin powers much like those of medieval Muscovy, […]

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Investigative Committee, Surkov Trade Barbs Over Skolkovo

Corruption, Law, Police, Courts, Crime, Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
Skolkovo File Photo

(Moscow Times – themoscowtimes.com – Yekaterina Kravtsova – May 8, 2013) An investigation into the embezzlement of budget funds from state-owned innovation hub Skolkovo has led to a public spat between the agency conducting the investigation and the Cabinet of Ministers, whose head, Prime Minister Dmitry Medvedev, created the institution in 2010. On Tuesday, pro-Kremlin newspaper Izvestia published a damning […]

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U.S. Investors Underline Importance of Trade Ties Over Political Rifts

Arctic, Economy, Business, Investment, Trade, Oil, Gas, Energy, United States, U.S.-Russian Relations
Oil Worker file photo

(Moscow Times – themoscowtimes.com – Anatoly Medetsky – April 25, 2013) ExxonMobil was a highlight of an investment conference in Moscow on Wednesday, attended by U.S. Ambassador Michael McFaul, where speakers discussed the prospects of U.S. business in Russia. Organized by the American Chamber of Commerce in Russia, the event sought to emphasize trade and investment despite political tensions between […]

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Russia clowns about

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
Cash, Calculator, Pen

(Buiness New Europe – bne.eu – Ben Aris in Moscow – April 25, 2013) There is no competition in Russia. The revenues are fake. You have to control the whole sector to make money.” This comment was made by Oleg Tinkoff on one of the panels at Sberbanks recent investment conference, “The Russia Forum”, yet this highly successful Russian serial […]

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Magnitsky List ensnares Moscow, Obama and Congress

United States, U.S.-Russian Relations
Memorial Flowers and Photo of Sergei Magnitsky

(Russia Beyond the Headlines/RIA Novosti – rbth.ru – Fyodor Lukyanov – April 24, 2013) Fyodor Lukyanov, the chairman of the Presidium of the Council for Foreign and Defense Policy, explains why the Magnitsky Act will have long-term consequences on U.S.-Russia relations. Conflicts associated with the Magnitsky Act are not going away any time soon. Congress will not drop the subject, […]

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Sobyanin Says Investment in City Economy Hits Pre-Crisis Level

Economy, Business, Investment, Trade
Sergei Sobyanin file photo

(Moscow Times – themoscowtimes.com – Alexander Bratersky – April 24, 2013) Moscow Mayor Sergei Sobyanin said Tuesday that investment into the city’s economy reached the pre-crisis level, citing commercial real estate as an example. Twice as much is being invested in Moscow’s commercial real estate as in London, he said at a high-profile panel on the city’s development held by […]

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Long-term consequences of extraordinary measures taken in Cyprus are not known yet – Putin

Cyprus, Economy, Business, Investment, Trade
Cyprus Map

(Interfax – SOCHI, April 22, 2013) Russian President Vladimir Putin said the long-term consequences of the extraordinary measures taken in Cyprus are not known yet. “We see what methods of resolving debt problems are used on specific countries, I mean Cyprus, where the measures that have been taken essentially undermine confidence in the financial system,” Putin told a meeting on […]

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Gref opposes internal offshore zones, proposes steps to bring capital back to Russia

Economy, Business, Investment, Trade
File Photo of German Gref Shaking Hands with U.S. Official

(Interfax – MOSCOW, April 19, 2013) The president and CEO of leading Russian lender Sberbank (RTS: SBER), German Gref opposes the idea of creating internal offshore zones in Russia, but is proposing that special measures be developed to bring capital back to the country, possibly even an amnesty for capital that now flees to offshore jurisdictions. “I don’t really believe […]

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Most Russian regions would rank speculative grade – S&P

Economy, Business, Investment, Trade, Regions, Cities, Municipalities
Cash, Calculator, Pen

(Interfax – MOSCOW. April 17, 2013) Most of Russia’s regions would rank speculative grade, Standard & Poor’s Ratings Services said. In an article published on April 16 and titled “Most Russian Regions’ Creditworthiness Is Below Investment Grade Due To A Weak Intergovernmental System, Economy, And Management”, S&P explains its estimate of the credit quality of all 83 Russian regions. The […]

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Interview: ‘Magnitsky List Is Anti-Rights Violators, Not Anti-Russia’

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

(RFE/RL – rferl.org – April 18, 2013) U.S. Representative James McGovern was one of the leading sponsors of legislation that mandated sanctions against Russians implicated in the prosecution and death of whistle-blowing lawyer Sergei Magnitsky. McGovern, a Massachusetts Democrat, spoke to RFE/RL’s Richard Solash on the sidelines of a Washington reception held on April 17 honoring the Magnitsky family. RFE/RL: […]

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Police Raid Medvedev’s Innovation Hub Over Fraud Inquiry

Corruption, Law, Police, Courts, Crime, Economy, Business, Investment, Trade, Politics, Government, Protests, Elections, Science, Technology, Engineering
Skolkovo File Photo

(Bloomberg – bloomberg.com – Ilya Arkhipov & Henry Meyer – April 18, 2013) Russian police raided the Skolkovo innovation hub, a project championed by Prime Minister Dmitry Medvedev, a day after his speech to parliament was overshadowed by a leaked video. Investigators talked today to the foundation’s head, billionaire Viktor Vekselberg, and other top officials, Skolkovo spokesman Roman Shcherbakov said […]

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Closed part of Russia’s response to Magnitsky List longer than open – source

Assassinations, Beatings, Threats, Corruption, Law, Police, Courts, Crime, Foreign Policy, Security, Visas, Human Rights, United States, U.S.-Russian Relations
Kremlin and Moscow Environs Aerial View

(Interfax -MOSCOW. April 16, 2013) The closed part of the list of U.S. citizens prohibited to visit Russia is longer than the open part, a source at the Russian Foreign Ministry told Interfax on Tuesday. “Concerning the Russian list, its closed part carries more names than the open one,” he said. The source said he did not know how many […]

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Investment questions for Russia’s closed cities

Economy, Business, Investment, Trade, History, Soviet Union, Oil, Gas, Energy, Politics, Government, Protests, Elections, Science, Technology, Engineering, Space
Map of Russia

(Moscow News – themoscownews.com – Nathan Gray – April 15, 2013) One of the most famous and secretive features of the Soviet Union, closed cities – known today in Russian as ZATOs – still dot the country, though in far fewer numbers than during the Cold War. The cities, which numbered upward of 100 throughout the different republics in the […]

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Blacklists Hang Over Future of U.S.-Russia Ties

Assassinations, Beatings, Threats, Economy, Business, Investment, Trade, Human Rights, United States, U.S.-Russian Relations
File Photo of U.S. Capitol Dome

(RIA Novosti – Carl Schreck – WASHINGTON, April 15, 2013) ­ The United States and Russia struck a conciliatory chord Monday following tit-for-tat blacklists of alleged human rights violators, but the contentious US legislation that sparked the diplomatic dust-up appears set to become a permanent fixture in ties between Washington and Moscow. “There is no sunset clause on the Magnitsky […]

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Most officials on U.S.’ Magnitsky list no longer serving in previous capacity

Assassinations, Beatings, Threats, Corruption, Law, Police, Courts, Crime, Human Rights, United States, U.S.-Russian Relations
Memorial Flowers and Photo of Sergei Magnitsky

(Interfax – MOSCOW. April 12, 2013) Most of the Russian officials added on Friday to the U.S. Department of the Treasury Office of Foreign Assets Control’s Specially Designated Nationals List (OFAC’s SDN list) under the Sergei Magnitsky Rule of Law Accountability Act of 2012 are no longer working in the positions they occupied when an investigation against Hermitage Capital lawyer […]

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What drives ‘nationalization’ of Russia’s elite?

Corruption, Law, Police, Courts, Crime, Politics, Government, Protests, Elections
Hands Opening Envelope Containing Cash

(Russia Beyond the Headlines – rbth.ru – Georgy Bovt, special to RBTH – April 12, 2013) Georgy Bovt is a prominent Russian columnist and political expert.   The Russian anti-corruption campaign gains momentum. Will the Russian public be in favor of even stronger measures? Russia’s anti-corruption campaign looks like an attempt to “nationalize” the state elite by increasing their stakes […]

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Capital outflow from funds investing in Russian stocks breaks record again – experts

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

(Interfax – MOSCOW. April 12, 2013) Capital outflow from funds investing in Russian stocks was at its highest in the last half year in the week of April 4-10, totaling $393 million, compared to $68 million the previous week, according to Emerging Portfolio Fund Research (EPFR) data. From the beginning of this year to April 10, total outflow from funds […]

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Lavrov: Magnitsky act ‘Russophobia’ product

Assassinations, Beatings, Threats, Human Rights, Politics, Government, Protests, Elections, United States, U.S.-Russian Relations
Memorial Flowers and Photo of Sergei Magnitsky

(Interfax – MOSCOW, April 11, 2013) Russian Foreign Minister Sergei Lavrov has branded the U.S. Sergei Magnitsky Rule of Law Accountability Act as a manifestation of “the Russophobia that is traditionally present” in U.S. Congress. One of the architects of the Magnitsky act was Hermitage Capital investment fund chief executive William Browder, who “illegally hoarded a large fortune in the […]

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Russia Seeks China Resources Investment – Shuvalov

China, Economy, Business, Investment, Trade, Oil, Gas, Energy
China Map

(RIA Novosti – MOSCOW, April 10, 2013) ­ Russia plans to offer Chinese investors participation in joint natural resources projects and is ready to give Beijing access to Russian mineral deposits, First Deputy Prime Minister Igor Shuvalov said on Wednesday. In an interview with Chinese media ahead of a visit by a Russian delegation on April 15, Shuvalov said Russia […]

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Government Eases Visa Rules For Major Investors

Economy, Business, Investment, Trade, Foreign Policy, Security, Visas
Truck at Russian Border Crossing

(Moscow Times – themoscowtimes.com – April 9, 2013) The government has allowed the Economic Development Ministry to obtain visas for the employees of big foreign companies that invest in the Russian economy from the country’s diplomatic missions and consulates abroad, a news report said Monday. The rules also apply to firms involved in the implementation of the Skolkovo project and […]

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Russians eyeing foreign property with caution in crisis

Economy, Business, Investment, Trade, Europe, EU
EU Map

(Moscow News – themoscownews.com – Nathan Gray – April 8, 2013) The ongoing financial crisis may be hitting European economies hard, but the continent retains a good deal of interest for Russian customers looking to invest in property abroad. Reasons vary according to country, of course: prestige in Britain, skiing in Switzerland and Austria, warm climates in Spain, Italy and […]

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Russian officials should have to invest in Russian securities – central banker

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
Cash, Calculator, Pen

(Interfax – MOSCOW. April 4, 2013) All Russian government officials should be obligated to invest their money in the securities of Russian issuers, deputy Central Bank chairman Sergei Shvetsov said. “Today a large number of officials disclose their assets, and we see vehicles, dachas and land there, we very rarely see mutual funds, Russian securities. The presence of securities in […]

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Putin Ramps Up Declaration Requirements

Corruption, Law, Police, Courts, Crime, Politics, Government, Protests, Elections
Hands Opening Envelope Containing Cash

(Moscow Times – themoscowtimes.com – April 3, 2013 – Jonathan Earle) President Vladimir Putin has expanded declaration requirements for more than 1.3 million state employees and given the Kremlin the power to demand and check disclosures, significant steps toward carrying out the government’s stalled anti-corruption plan. While the government hailed the moves, laid out in two decrees signed by Putin […]

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Russian official testifies in Magnitsky’s alleged tax evasion trial

Assassinations, Beatings, Threats, Corruption, Law, Police, Courts, Crime, Human Rights, Politics, Government, Protests, Elections
Kremlin and St. Basil's

(Interfax – April 1, 2013) A former member of the government of Russia’s Kalmykia republic has confirmed during the Sergei Magnitsky tax evasion trial that the registration of the Dalnyaya Step and Saturn Investments companies in Kalmykia as investment firms involved document forgery. Magnitsky, who was an external auditor for British investment fund Hermitage Capital and died in a Moscow […]

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Russia Open for New Investment Projects – Putin

BRICS, Economy, Business, Investment, Trade
File Photo of Vladimir Putin Sitting at Desk

DURBAN, March 27 (RIA Novosti) ­ President Vladimir Putin on Wednesday played up Russia’s potential as an investment destination as he tried to reassure investors at a summit of the world’s leading emerging market economies that the country was open for new business projects. “Let me emphasize that Russia and its economy are open for new trade and investment projects. […]

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Morgan Stanley optimistic about Russian equities

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

MOSCOW. March 26 (Interfax) – Russia’s stock market has very strong potential for growth, Morgan Stanley analysts believe. Russian equities are currently the lowest priced among emerging markets and there are a number of reasons to expect that the discount at which they are traded will decrease, the investment bank’s analysts said in a report. Even the Russian oil and […]

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Foreign companies operating in Russia saw little changes in the business environment in 2012

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
Empty Boardroom

(Business New Europe – bne.eu – March 25, 2013) The survey conducted by the Russian Union of Industrialists and Entrepreneurs (RSPP) together with Fleishman-Hillard Vanguard shows that 44% of respondents noticed the improvement of the business environment (34% considers the improvement minor) versus 55% in 2011, RBC daily reported. The improvement in the quality of tax administration is accompanied by […]

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Trial of Dead Lawyer Magnitsky Begins in Moscow

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

MOSCOW, March 22 (RIA Novosti) – The unprecedented posthumous trial of Russian lawyer Sergei Magnitsky for tax evasion began on Friday as investigators denied he was arrested for uncovering major corruption by state officials. This is believed to be the first time a dead person has been prosecuted in either Russian or Soviet history. Magnistky, who worked for the British-based […]

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Ideas for Russian Business Aired on the Seine

Economy, Business, Investment, Trade, Europe, EU
Eiffel Tower file photo

(Moscow News – themoscownews.com – Nathan Gray – March 21, 2013) PARIS – Before an audience of mostly French businesspeople in Paris on Tuesday, political and business representatives outlined the benefits and risks of conducting business in Russia at The Economist magazine’s Russia Business Summit. Targeted at Western European investors, the event at times took on the air of a […]

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Russia, Cyprus to Continue Vital Loan Talks

Corruption, Law, Police, Courts, Crime, Cyprus, Economy, Business, Investment, Trade, Europe, EU
Cyprus Map

MOSCOW, March 20 (RIA Novosti) ­ Cypriot Finance Minister Michael Sarris is set to continue negotiations on a potential Russian loan with Russia’s First Deputy Prime Minister Igor Shuvalov on Wednesday, after initial talks between the two countries’ finance ministries ended without an agreement. The Cypriot minister is in Moscow to discuss the extension of a 2.5-billion-euro loan that Russia […]

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Capital outflow from Russia slows to $6 bln in Feb – Klepach

Economy, Business, Investment, Trade
Hands Opening Envelope Containing Cash

MOSCOW. March 20 (Interfax) – Capital outflow from Russia was approximately $6 billion in February, Deputy Economic Development Minister Andrei Klepach told reporters. “Our estimate so far is about $6 billion,” Klepach said. In other words, outflow slowed in February but outflow for the first two months of the year was still above the official forecast for the whole year. […]

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Capital Outflow Exceeded Annual Forecast In Just 2 Months

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

(Moscow Times – themoscowtimes.com – March 20, 2013) Net capital outflow from the Russian economy has already exceeded the official forecast for the whole of 2013, despite slowing down moderately in February, Deputy Economic Development Minister Andrei Klepach said Wednesday. According to the ministry’s estimate, capital outflow in February was about $6 billion, whereas in January the Russian economy leaked […]

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Investigators Close Case Into Magnitsky’s Death

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

(Moscow Times – themoscowtimes.com – Yekaterina Kravtsova and Ezekiel Pfeifer – March 20, 2013) Investigators said Tuesday that they had closed the case into the 2009 death of lawyer Sergei Magnitsky, whose name is attached to a U.S. law that has caused tension in U.S.-Russian relations by seeking to punish Russians implicated in human rights violations. An inquiry into Magnitsky’s […]

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Only 1.45% of Russians say ready to invest in stock market

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

(Business New Europe – bne.eu – March 19, 2013) Only 1.45% of Russians or 13% of the economically active population, are ready to invest in the stock market, a situation that has remained unchanged in the past five years, Public Opinion Foundation (FOM) Director Lyudmila Presnyakova said, citing research done for the Moscow Exchange. “The financial literacy of the population […]

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Big Mac Fights Subway Shrimp in Russia Fast-Food Fracas

Economy, Business, Investment, Trade
File Photo of Russian McDbnald's Crew with U.S. Diplomat

(Bloomberg – bloomberg.com – Ilya Khrennikov – March 17, 2013) More than two decades after McDonald’s Corp. (MCD)’s outlet on Moscow’s Pushkin Square began offering a golden-arched alternative to grey communist eateries, the fast-food pioneer is on the defensive. McDonald’s, which virtually created the market for burgers and fries in the country and convinced Russians it’s okay to eat with […]

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First Locally Generated Rating Ups Russia, Downs U.S.

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

(Moscow Times – themoscowtimes.com – March 18, 2013) Russia has begun to publish its own sovereign debt ratings in a move that is widely seen as a challenge to the grade given by U.S. rating agencies, which the Kremlin has said is not completely fair. Domestic rating agency Expert RA issued its first sovereign debt ratingsthis week, with Russia getting […]

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