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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(Window on Eurasia – Paul Goble – Staunton, November 14, 2013) In an editorial today, Moscow’s “Nezavisimaya gazeta” asks what may be the key question about Russian social and political life in the next few years or more: will Russians react to the Kremlin’s unprecedented prediction that the country potentially faces decades of stagnation as a result of the government’s […]
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(Moscow Times – themoscowtimes.com – Lena Smirnova – November 13, 2013) The first Russians to dispose of free wealth in nearly a century are putting down the institutional roots of philanthropy, but donations trail behind the sums shelled out by donors in the U.S., Britain and China, according to a report released by private bank Coutts on Tuesday. Coutts Million […]
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BRUSSELS. Nov 13 (Interfax) – Russia is eager to have the closest relationship with the European Union, Deputy Prime Minister Dmitry Rogozin said at the Egmont Royal Institute for International Relations in Brussels on Tuesday. “This is our closest partner. More than 50% of our trade is with the European Union,” Rogozin said. “There is no alternative to political and […]
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(Moscow Times – themoscowtimes.com – Andrew McChesney – November 13, 2013) The government is considering delaying the privatization of oil giant Rosneft until 2016 or later as it seeks to maximize the price it can secure. Rosneft is scheduled to be privatized in 2015, and a postponement could put a dent in projected government spending. “We will have to discuss […]
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MOSCOW. Nov 12 (Interfax) – Russia may file three to four lawsuits in the WTO over the next two to three years, Maksim Medvedkov, the head of the Economic Development Ministry’s trade negotiations department, said at a roundtable during a business strategy conference organized by Vedomosti newspaper in Moscow on Tuesday. “In the next two to three years I see […]
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MOSCOW, November 13 (RIA Novosti) Russia’s GDP growth is likely to remain below this year’s goal of 1.8 percent, Russia’s Economic Development Minister Alexei Ulyukayev said Wednesday. The Federal Statistics Service said Tuesday that Russia’s GDP had grown 1.2 percent on a year earlier in the third quarter of 2013, the same pace as in the previous three months. […]
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MOSCOW. Nov 12 (Interfax) – Russia’s gross domestic product expanded 1.2% year-on-year last quarter, the Federal State Statistics Service (Rosstat) said on Tuesday. That was in line with what the Economic Development Ministry had calculated for the period – 1.2%. Rosstat did not report January-September GDP dynamics. Judging from the data for Q1 (1.6% year-on-year growth), Q2 (1.2%), and Q3, […]
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(Moscow News – themoscownews.com – November 12, 2013) Over three-fourths of Russians say they are happy, a figure that has grown by a third in the last two decades, a recent poll said. According to a study by the All-Russian Center for Public Opinion Research (VTsIOM), 76 percent of Russians said they were happy, RIA Novosti reported on Tuesday, citing […]
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(Russia Beyond the Headlines – rbth.ru – Maria Prikhodina, special to RBTH – November 11, 2013) Despite the lack of legislation to encourage corporate giving, social entrepreneurship is growing among Russian firms. Darya Alexeyeva, the director of a workshop for young adults with developmental disabilities, felt like celebrating when her students earned $6,000 at a recent craft fair. “It was […]
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TBILISI. Nov 9 (Interfax) – The Georgian prime minister’s special commissioner for relations with Russia, Zurab Abashidze, is due to have his fifth meeting with Russian Deputy Foreign Minister Grigory Karasin on November 19-23 in seeking to restore economic ties between the two countries. The meeting will be held in Prague . “It will be our fifth meeting, one at […]
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(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 – themoscowtimes.com – Alexander Panin – November 11, 2013) Russia is ranked number one in Europe in terms of building retail space but still has a lower ratio of shopping malls to people, according to research by Cushman & Wakefield. With over 456,200 square meters of retail space built in just the first half of 2013, Russia topped […]
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(Bloomberg – bloomberg.com – Agnes Lovasz – November 11, 2013) Russia’s deepening economic slowdown is impeding eastern Europe’s recovery as lower oil prices hurt the world’s largest energy exporter, the European Bank for Reconstruction and Development said. Russia, the largest of 34 economies from Morocco to Mongolia where the London-based EBRD invests, will grow 1.3 percent in 2013 and 2.5 […]
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(Russia Beyond the Headlines – rbth.ru – Tatyana Lisina, special to RBTH – November 8, 2013) The most expensive Russian brands are conceding significantly in value to brands from developed countries. Experts believe this is because of a lack of investment into brand marketing. Brand consultants Interbrand recently presented ratings for the top 40 most expensive brands of 2013. Gazprom […]
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(Moscow Times – themoscowtimes.com – Delphine d’Amora – November 7, 2013) Prominent members of the business community have sent an appeal to President Vladimir Putin asking for a reevaluation of amendments to the Criminal Code, which Putin himself submitted to the State Duma on Oct. 11, Vedomosti reported Thursday. The amendments would authorize investigators to open tax cases at their […]
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(Eurasia Daily Monitor: Volume 10, Issue 199 – Stephen Blank – Jamestown Foundation – jamestown.org – November 6, 2013) Indian Premier Manmohan Singh’s October 21–22 visit to Moscow not only reaffirmed traditional Indo-Russian amity, it also revealed significant trends in Asian developments that affect both parties as well as other key players like the United States, China and Pakistan. In […]
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MOSCOW, November 5 (RIA Novosti) Russia has “made progress” in improving the quality of life of its citizens over the last decade, though the country’s scores in some areas are lower than the international average, a new study by an international economic organization says. The average Russian household net-adjusted disposable income is about $15,300 a year, according to the […]
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MOSCOW. Nov 6 (Interfax) – Almost half of Russians (46%) approve of the course of national development taken by Vladimir Putin after his return to the presidency, Levada Center told Interfax. This course is mostly supported by women (50% vs. 41% of men), young citizens aged from 18 to 24 (55%), people with secondary education (52%) and residents of cities […]
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MOSCOW, November 6 (RIA Novosti) Russia will not consider raising the retirement age until at least 2018, but will encourage people to work longer, the head of the State Pension Fund said Wednesday. President Vladimir Putin said during 2011 electoral campaigning that he was against raising the pension age and has frequently restated this position. Russia’s next presidential elections […]
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(Bloomberg – bloomberg.com – James M. Gomez & Kateryna Choursina – November 6, 2013) Ukraine needs a free trade agreement with the European Union to help the eastern European nation kickstart the economy and regain competitiveness on global markets, President Viktor Yanukovych said. “By choosing to get closer to the European Union, we are making a pragmatic choice for optimal […]
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(Moscow Times – themoscowtimes.com – Guennadi Moukine – November 5, 2013) Despite its extraordinary scientific capacity, a stated desire to be competitive and the availability of capital, it may take several generations before Russia’s investment in innovation will bear fruit, a report by MIT on the country’s role in global innovation shows. Russia has many of the necessary elements to […]
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MOSCOW, November 5 (RIA Novosti) The Russian Central Bank launched a public competition Tuesday to find a symbol that will represent the ruble alongside other major world currencies. For the next month, visitors to the Central Bank’s website can vote for one of five variations on the letter R in both the Latin and Cyrillic alphabets. “Written symbols for […]
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(Business New Europe – bne.eu – November 4, 2013) Facing down Russian bullying on one side and an economic collapse that could only be months away, Ukrainian President Viktor Yanukovych has reportedly caved into long-standing pressure from the International Monetary Fund (IMF) on November 4 by saying his government would hike domestic gas tariffs. Ukraine’s hard currency reserves have been […]
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KHARKIV. Nov 1 (Interfax) – Ukraine will have no political clout in the association with the European Union, while the Eurasian Economic Union guarantees absolute equality of its members, says Russian presidential adviser Sergei Glazyev. “Our Customs Union is being set up according to the same rules as the European Union,” Glazyev said. “Both they and we work in compliance […]
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(Russia Beyond the Headlines – rbth.ru – Anna Kuchma, RBTH – November 4, 2013) If Hollywood movies are to be believed, foreigners are scared witless of doing business in Russia. Russian businessmen look more like hardened criminals, and any attempts to work honestly in the country crash against an impenetrable wall of bureaucracy or so it is said. But […]
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(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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(Moscow Times – themoscowtimes.com – Anatoly Medetsky – November 1, 2013) Russian government officials, led by two deputy ministers, met with U.S. business representatives and lobbyists for a two-day conference in Houston to exchange their views on doing business in Russia. Deputy Economic Development Minister Sergei Belyakov gave a keynote speech during the Oct. 29 to 30 meeting organized by […]
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(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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(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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MOSCOW. Oct 31 (Interfax) – Economic Development Minister Alexei Ulyukayev expects to see “statistically significant” improvement in Russia’s fourth quarter macroeconomic performance. “There are signs of improvement, in terms of the investment climate, industrial output and inventories,” he said. “It seems to me that we are leaving the lowest zone, where we have been since the fourth quarter of 2012, […]
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(RIA Novosti – Fyodor Lukyanov, Editor-in-Chief of the Russia in Global Affairs journal, authoritative source of expertise on Russian foreign policy and global developments – November 1, 2013) Over the 22 years of Ukraine’s independence, people have grown used to its endless maneuvering. Ukraine began by proclaiming the goal of European integration, which was common to the logic of Eastern European […]
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MOSCOW. Nov 1 (Interfax) – Prime Minister Dmitry Medvedev has advised Ukraine to look to Brussels to raise standby loans in future. “They constantly turn to us for credits, for example,” Medvedev is quoted by Reuters as saying. “In the end, if they have such advanced relations with Brussels … let them get credits from Brussels,” he said. Russia has […]
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(Interfax – October 31, 2013) Russian President Vladimir Putin has appointed Aleksey Kudrin, a former finance minister and deputy prime minister, to the presidium of the presidential economic council, Russian privately-owned Interfax news agency reported on 31 October. A decree confirming the membership of the council’s presidium, which included Kudrin’s name, was signed on 31 August, Interfax said, citing an […]
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(Interfax – October 31, 2013) The materials of the checks carried out by the Prosecutor-General’s Office, which uncovered serious violations regarding the use of budget funds in the Skolkovo innovation foundation, will not cause an immediate launch of criminal cases, privately-owned Russian news agency Interfax reported, quoting an informed source in the law-enforcement structures as saying. No criminal cases expected […]
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(Russia Beyond the Headlines – rbth.ru – Maria Karnaukh, special to RBTH – November 1, 2013) Many countries would like to tap into the Arctic’s vast hydrocarbon resources, but Russia is the only nation so far to have risked hefty investments in the region. Experts wonder whether Moscow will be successful in selling Arctic oil at $200 or more per […]
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(Moscow Times – themoscowtimes.com – Guennadi Moukine – October 31, 2013) Russia’s straddling of Europe and Asia and its unpretentious approach to embracing all who strive to capitalize on new technology will make the Open Innovations Forum that starts Thursday in Moscow a success, the event’s chief executive said. World-famous innovators and visionaries will share their concepts and secrets of […]
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MOSCOW. Oct 30 (Interfax) – Some 1,600 Russian officials have property and bank accounts abroad, mainly real estate in CIS countries. “It has been established that presently slightly over 1,600 municipal and government officials have foreign assets. Given all the statistical errors this is less than 0.1% of all pubic servants,” head of the Kremlin administration Sergei Ivanov told the […]
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(Russia Beyond the Headlines – rbth.ru – Olga Ivanova, RBTH – October 30, 2013) RBTH features the 30 most promising and successful Russian entrepreneurs under the age of 30 The most successful young entrepreneurs in Russia will receive international exposure with the launch of the 30 under 30 special feature [http://rbth.ru/30under30/list], which will be published on Oct. 30 by Russia […]
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(Window on Eurasia – Paul Goble – Staunton, October 30, 2013) Fifty years ago, Michael Harrington described the alternative universe of the poor in the United States in his classic and transformative “The Other America.” Now, Russian researchers are pointing to the re-emergence of what might be called “the other Russia,” those from rural areas living in the shadows in […]
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MOSCOW, October 30 (RIA Novosti) Russian prosecutors said Wednesday they have exposed major financial irregularities and waste at a center for innovation that has long been the pet project of Prime Minister Dmitry Medvedev. The Prosecutor General’s office said in a statement that spending at the Skolkovo Foundation has become “out of control and extravagant” and that it has […]
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(Moscow Times – themoscowtimes.com – Guennadi Moukine – October 30, 2013) Membership in the World Trade Organization, or WTO, has increased Russia’s overall economic competitiveness, Prime Minister Dmitry Medvedev said Tuesday at a review of the impact of the country’s participation a year after ascension. However, Russia needs to learn how to fully utilize the opportunities presented by membership, including […]
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GORKI. Oct 29 (Interfax) – Prime Minister Dmitry Medvedev has urged the government to analyze the emerging alliances, such as the Trans-Pacific Partnership and the free trade zone between Ukraine and the European Union which, he said, could impact Russia’s economic interests. “While tacking issues related to the World Trade Organization one cannot disregard other processes in the global economy. […]
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(Business New Europe – bne.eu – Mike Collier in Riga, Ben Aris in Moscow – October 30, 2013) The EU’s summit in Vilnius on November 28-29 has been billed as a “game changer” for relations between the EU and the countries to its east, including Russia. The surprising thing is that for once it is not the Lithuanians themselves who […]
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GORKI, Moscow region. Oct 29 (Interfax) – Russian Prime Minister Dmitry Medvedev has spoken positively of Russia’s progress in the 2013 Ease of Doing Business survey compiled by the World Bank and the International Finance Corporation. “Absolutely, this movement upwards in the Doing Business rating is a pleasing result for our economy. I hope that this result has been achieved […]
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(Moscow Times – themoscowtimes.com – Oleg Sukhov – October 30, 2013) Two commissions of the Moscow City Duma on Tuesday recommended against registering opposition leader Alexei Navalny’s bid to submit a bill on utilities prices, which he has sought to make the first-ever grassroots initiative considered by legislative authorities in Russia. Navalny wrote on Twitter that the City Duma would […]
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MOSCOW, October 30 (RIA Novosti) – Russian President Vladimir Putin was named the most powerful person on the planet by Forbes magazine Wednesday, knocking US President Barack Obama off the number one spot. Forbes said that Putin, who ranked third last year, showed his dominance in diplomatic maneuvring during the international crisis over Syria, and the fate of fugitive US […]
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(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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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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(Business New Europe – bne.eu – October 29, 2013) Russia has shot up the rankings of the World Bank’s annual Doing Business index this year. According to the survey, its now easier to do business in Russia than in China, the previous stand-out leader in the ranking amongst the five Brics nations. “Improving the investment climate is a top policy […]
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