Category: Economy, Business, Investment, Trade

Interfax: Less than 0.1% of Russian public servants have foreign assets, mainly in CIS – Kremlin

Corruption, Law, Police, Courts, Crime, Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
Kremlin and St. Basil's

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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30 ways to become rich before you reach 30

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

(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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The Other Russia

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections, Regions, Cities, Municipalities
File Photo of Car on Road in Siberian Town

(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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RIA Novosti: Prosecutors Expose Major Irregularities at Russia’s ‘Silicon Valley’

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

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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Government Sees WTO Dividend One Year On

Economy, Business, Investment, Trade
WTO Logo

(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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Medvedev: New influential alliances must be monitored

Economy, Business, Investment, Trade
Dmitry Medvedev file photo

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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A tug-of-war over Ukraine

Economy, Business, Investment, Trade, Europe, EU, Ukraine, Russo-Ukrainian War
File Photo of Ukrainians with Ukrainian Flag in Public Square Near Tower with Golden Dome

(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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Interfax: Medvedev welcomes Russia’s 92nd place in Ease of Doing Business ranking

Economy, Business, Investment, Trade
Empty Boardroom

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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Navalny’s Bid to Reform Utilities Sector Headed for Rejection

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

(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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RIA Novosti: Putin Named Most Powerful Person in World by Forbes

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

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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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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Russia shoots up World Bank’s Doing Business ranking

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

(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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Interfax: Medvedev urges maximum use of WTO protection mechanisms

Economy, Business, Investment, Trade, Foreign Policy, Security, Visas
Dmitry Medvedev file photo

(Interfax – October 29, 2013) Russia should fully use the dispute settlement opportunities provided by the World Trade Organization (WTO), Prime Minister Dmitry Medvedev said. “It is important to correctly use the opportunities provided by WTO membership, to use the allowed mechanisms and procedures to furthest possible extent, including the WTO dispute settlement body,” he said at a conference devoted […]

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Average funeral cost in Russia is $830

Economy, Business, Investment, Trade
Kremlin and St. Basil's

MOSCOW. Oct 28 (Interfax) – The average cost of a package of ritual services in Russia is now $830, Alexei Suloyev, chairman off the Guild of Ritual Service Organizations of the Moscow Chamber of Trade and Commerce, said. “Russia is at the bottom of the list for this indicator,” Suloyev said at an international conference of funeral business experts held […]

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Under Putin, Russia Becoming a Third World Country, Nationalists Say

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

(Window on Eurasia – Paul Goble – Staunton, October 28, 2013)  Russian nationalists and others have regularly criticized Vladimir Putin for building an economy and hence a state that relies on the export of raw materials rather than the development of industry and investment in human capital. But now two of them have stepped up this attack and argued that […]

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Putin Has Last Crack at Yanukovych’s EU Dream

CIS, Customs Union, Eurasian Union, Economy, Business, Investment, Trade, Europe, EU, Foreign Policy, Security, Visas, Ukraine, Russo-Ukrainian War
File Photo of Ukrainians with Ukrainian Flag in Public Square Near Tower with Golden Dome

(Moscow Times – themoscowtimes.com – Alexander Panin – October 25, 2013) Turkey is interested in joining the Customs Union of Russia, Belarus and Kazakhstan, and India also wants closer ties with the organization, President Vladimir Putin said at the EurAsian Economic Community summit in Minsk on Thursday. But some political analysts saw the summit in Minsk, which for the first […]

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Gazprom Completes First Solo Offshore Project

China, Economy, Business, Investment, Trade, Far East, Siberia, APEC, Japan, Oil, Gas, Energy
Map of Northern Japan, Kurill Islands, Sea of Okhotsk, Portions of Russian Far East

(Moscow Times – themoscowtimes.com – Anatoly Medetsky – October 25, 2013) Gazprom has started to operate the first offshore field that it has developed on its own, in a test of its power to perform the challenging task without foreign partners. Sitting off the Pacific island of Sakhalin, the Kirinskoye field will feed natural gas to Asia, as demand from […]

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Interfax: We won’t close market for Ukrainian goods but no more benefits – Putin

Economy, Business, Investment, Trade, Ukraine, Russo-Ukrainian War
Russian Naval Vessel in Ukrainian Port

MOSCOW. Oct 24 (Interfax) – Russia will not close its market for goods from Ukraine if the latter signs an association with the European Union, but Ukrainian products will no longer enjoy benefits, Russian President Vladimir Putin said. There is a free-trade zone in the CIS of which both Russia and Ukraine are participants, he said at a press conference […]

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Russia will not abandon market reforms

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

(Russia Beyond the Headlines – rbth.ru – Gleb Fedorov, RBTH  – October 24, 2013) Business ombudsman Boris Titov tells RBTH why Russia needs an economic amnesty and how to improve the country’s business climate. Boris Titov, owner of Russia’s largest champagne producer, is no stranger to pressure from officials. Now, in the position of Presidential Ombudsman for Entrepreneurs’ Rights, he […]

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Putin: Ukraine cannot be simultaneously EU associated member, Customs Union member

CIS, Customs Union, Eurasian Union, Economy, Business, Investment, Trade, Europe, EU, Ukraine, Russo-Ukrainian War
EU Map

MINSK. Oct 25 (Interfax) – Russian President Vladimir Putin has stressed once again that Ukraine cannot be simultaneously an EU associated member and a Belarusian-Kazakh-Russian Customs Union member. Speaking to journalists in Minsk on Friday, Putin pointed out that the association agreement between Ukraine and the EU says that all possible integration associations Ukraine would wish to join in the […]

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Poverty still seen as main problem in Russia – poll

Economy, Business, Investment, Trade
File Photo of Migrant Workers Sleeping Quarters

MOSCOW. Oct 23 (Interfax) – Poverty, inflation, corruption and housing shortages are still the main headaches for Russians but migrant labor, which wasn’t on their list of typical worries eight years ago, has since become a serious national problem in their view. More people see ethnic relations as Russia’s main problem than in 2005. About one quarter of the population […]

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Mickey Mouse coming to Moscow in 2014

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

(Business New Europe – bne.eu – October 23, 2013) The list of foreign retailers setting out their stall in Russia will get a colourful addition next year, with US entertainment giant Walt Disney planning to open three themed stores in Moscow and St Petersburg in 2014. The merchandising arm of the film and cartoon maker is set to launch toy […]

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Kudrin says Russian economy cannot do without migrants

Economy, Business, Investment, Trade
Alexei Kudrin file photo

ST. PETERSBURG. Oct 22 (Interfax) – The Russian economy will have difficulties functioning without migrant workers, former Russian Finance Minister Alexei Kudrin said. “Russia will become a country with workforce deficit in the coming years…We currently cannot do without migrant workers. But migration should be regulated, it should be legal,” Kudrin told reporters in St. Petersburg on Tuesday during the […]

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IMF urges Russia to reform economic policy

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

WASHINGTON. Oct 22 (Interfax) – Russia needs to conduct extensive economic policy reform with the emphasis on attracting investment, pursue a firm budget policy and make more efficient use of resources as the post0crisis factors that drove economic growth in the country are now exhausted, the International Monetary Fund (IMF) said in its annual report on the Russian economy. “Growth […]

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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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Medvedev China Visit Sees Deal-signing Flurry

China, Economy, Business, Investment, Trade
China Map

(Moscow Times – themoscowtimes.com – October 22, 2013) Russia’s state-owned development bank, VEB, agreed to borrow $1.9 billion from Chinese lenders, as part of Prime Minister Dmitry Medvedev’s visit to Beijing on Tuesday. But Medvedev used the occasion to call for more direct investment between the two countries, which would take economic ties up a notch, rather than relying on […]

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Putin and Singh Seek $9Bln Boost in Trade

Economy, Business, Investment, Trade, India
India map

(Moscow Times – themoscowtimes.com – Gabrielle Tetrault-Farber – October 22, 2013) President Vladimir Putin and Indian Prime Minister Manmohan Singh met for bilateral talks in Moscow on Monday, signing a series of agreements to enhance economic and scientific cooperation, but failing to reach a consensus on the future of a Russian-operated nuclear power plant in southern India. Putin and Singh […]

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Study Says Education System Disappoints Market Needs

Economy, Business, Investment, Trade, Education, Academia
File Photo of U.S. Diplomat Teaching Class to Russian Students

(Moscow Times – themoscowtimes.com – Delphine d’Amora – October 22, 2013) The Russian education system is increasingly unable to meet the demands of the country’s labor market and shows little ability to fill vacancies in high-skill industries, according to a study released Tuesday. The second annual Hays Global Skills Index, published by global recruitment company Hays in association with Oxford […]

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Introduction of Property Tax Postponed Until 2015

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

(Moscow Times – themoscowtimes.com – October 21, 2013) The introduction of the widely discussed new real estate tax that is set to replace the old system of levying fees on property with a market-oriented approach will not take place until 2015, a news report said. The bill was submitted to the government in August, but needs to be revised and […]

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Over third of Russians anticipate hard period – poll

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

(Interfax – MOSCOW, October 21, 2013) Russians have mixed feelings about the country’s development scenarios in the near future. Some are optimistic and others suggest pessimistic scenarios, the Russian Public Opinion Studies Center (VTsIOM) told Interfax on Monday. Over a third of Russians (36%) claim a hard period is in store for the country. Most of such opinions are voiced […]

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Russian GDP will grow 2% in 2013 in best case – PM

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

(Interfax – GORKI, October 21, 2013) Russia’s gross domestic product will grow 2% this year in the best-case scenario, Prime Minister Dmitry Medvedev told the consulting council for foreign investments in Russia in Gorki on Monday. “In the eight months of 2013, Russian GDP grew 1.5%, although in 2012 there was four and some percent. The expectation for growth [this […]

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Russian Corporate Giants Get Mixed Review From Transparency International

Corruption, Law, Police, Courts, Crime, Economy, Business, Investment, Trade
Empty Boardroom

(Moscow Times – themoscowtimes.com – October 18, 2013) Russian companies have been handed middling ratings in an appraisal of 100 companies from 16 emerging markets released by Transparency International. Including six Russian companies ­ metal giants RusAl, Norilsk Nikel Evraz and Severstal, together with energy majors Gazprom and LUKoil ­ on three separate scores, the survey, which was released on […]

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Interfax: 53% of Ukrainians are pro-EU, have doubts about association deal in November

Economy, Business, Investment, Trade, Europe, EU, Ukraine, Russo-Ukrainian War
Russian Naval Vessel in Ukrainian Port

(Interfax – KYIV, October 17, 2013) Some 53% of Ukrainians support entry into the European Union, 35% do not and 12% cannot make up their mind, according to the Rating sociological group, which held its poll on September 26 – October 6, 2013. In the opinion of 47% of the respondents, Ukraine will gain more from a free trade zone […]

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World Economic Forum Gathers Leaders to Reignite Russia’s Economy

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

(Moscow Times – themoscowtimes.com – Anatoly Medetsky – October 18, 2013) Kaluga shines so brightly in the regional investment firmament that it has regularly drawn cheers from President Vladimir Putin and various economists. Some of the reasons why the region, 160 kilometers southwest of Moscow, is leading the way as a target for new business ventures include the decision by […]

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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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New head promises changes to Audit Chamber

Budget, Corruption, Law, Police, Courts, Crime, Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
Tatiana Golikova file photo

(Interfax – MOSCOW, October 17, 2013) New Audit Chamber Chairman Tatiana Golikova says she plans to use her experience as a financier when planning changes to the work of the chamber. “I think there will be changes. If only because I have been professionally engaged in finance all my life and I have my own opinion on what to look […]

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Russia’s brave bet on organic growth

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

(Business New Europe – bne.eu – Ben Aris in Moscow – October 17, 2013) Russia’s growth over the first nine months of this year was 0%, Deputy Economic Development Minister Andrei Klepach said on October 15. While the rest of the world is fixated on trying to spur growth, the Kremlin is largely ignoring the problem of its stagnating economy, […]

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Small Retailers Squeezed Out Of Moscow in Migrant Crackdown

Economy, Business, Investment, Trade, Population Disaster, Demographics, Race, Ethnic, Extremism, Xenophobia
Aerial View of Moscow From Beyond Stadium, file photo

(Moscow Times – themoscowtimes.com – Alexander Panin – October 17, 2013) Following a recent eruption of ethnically motivated street violence, Moscow’s migrant-populated food markets and warehouses continue to serve as the front line in an ongoing fight against illegal immigrants declared by mayor Sergei Sobyanin. The now notorious vegetable warehouse in Biryulyovo that became the site of violent riots Sunday […]

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Russian economy still stagnating, Q3 growth almost zero – Klepach

Economy, Business, Investment, Trade
Andrei Klepach file photo

(Interfax – MOSCOW, October 16, 2013) The Russian economy is still stagnating, with zero GDP growth in Q3 this year on a seasonally adjusted basis, Deputy Economic Development Minister Andrei Klepach said at a meeting of the State Duma’s budget committee. “The forecast was that we would reverse the tendency for economic growth to slow and this stagnation, which we […]

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Car Ownership Easier, More Expensive

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
Moscow Traffic file photo

(Moscow Times – themoscowtimes.com – Lena Smirnova – October 16, 2013) With new rules simplifying registration of automobiles going into effect Tuesday, the country’s rapidly growing number of motorists will find the time and paperwork it takes to buy and sell a vehicle greatly reduced, while cost of ownership is on the increase. From Oct. 15, motorists no longer need […]

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Putin Builds North Korea Rail to Circumvent Suez Canal

Economy, Business, Investment, Trade, Far East, Siberia, APEC, Middle East, North Africa, North Korea, Transportation
North Korea Map and Flag

(Bloomberg – bloomberg.com – Ekaterina Shatalova and Nicholas Brautlecht – October 15, 2013) Vladimir Putin is inching closer to his goal of turning Russia into a major transit route for trade between eastern Asia and Europe by prying open North Korea, a nuclear-capable dictatorship isolated for half a century. Russia last month completed the first land link that North Korea’s […]

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Russia Preparing Property Restrictions for Foreigners – Paper

Corruption, Law, Police, Courts, Crime, Economy, Business, Investment, Trade
Aerial View of Moscow From Beyond Stadium, file photo

(RIA Novosti – MOSCOW, October 16, 2013) Russia is drafting changes to the law that will bar foreigners from owning or renting real estate in the country without official permission, a state-owned newspaper said Wednesday. The Economic Development Ministry told Rossiiskaya Gazeta that it is in consultation about the legislation with law enforcement and migration agencies including the Federal Security […]

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Macroeconomic factors to work against oil prices in 2014 – Klepach

Economy, Business, Investment, Trade, Oil, Gas, Energy
Andrei Klepach file photo

(Interfax – MOSCOW, October 16, 2013) Macroeconomic factors will work to push oil prices down next year, Deputy Economic Development Minister Andrei Klepach said during a meeting the State Duma budget committee. Klepach said that that, in the forecast for Russia’s socioeconomic development in 2014-2016, there is built in the hypothesis “that the rather high oil prices we are seeing […]

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Third of Russians say country is in economic crisis

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

(Interfax – MOSCOW, October 15, 2013) A relative majority of Russians thinks that the national economic situation is deteriorating, and a third claims an economic crisis has already started, the Public Opinion Foundation said. Some 40% of the respondents polled in October alleged economic deterioration; the indicator stood at 28% two years ago. Discontent was expressed primarily by the respondents […]

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Putin Amendment Calls for Restoring Tax Fraud Investigative Authority to Power Ministries

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

(Moscow Times – themoscowtimes.com – October 15, 2013) President Vladimir Putin has submitted to the State Duma a bill that would restore the right of investigators to open tax fraud cases without a request from the tax authorities ­ a move that critics fear could lead to a renewed persecution of business executives, a news report said Tuesday. If approved, […]

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RIA Novosti: Russia Has No Plans to Talk Ukraine Out of EU Bid – Government

Economy, Business, Investment, Trade, Europe, EU, Ukraine, Russo-Ukrainian War
Russian Naval Vessel in Ukrainian Port

(RIA Novosti – MOSCOW, October 15, 2013) ­ Moscow has no plans to dissuade Kiev from signing a free-trade deal with the European Union, a Russian government spokesman said ahead of Tuesday’s meeting between Russian and Ukrainian premiers. Russian Prime Minister Dmitry Medvedev will meet with his Ukrainian counterpart Mykola Azarov in Kaluga, a city some 150 kilometers (93 miles) […]

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Russia to set up Federal Copyright Service

Economy, Business, Investment, Trade
Igor Shuvalov file photo

(Interfax – MOSCOW, October 14, 2013) Russian First Deputy Prime Minister Igor Shuvalov chaired a meeting last week where it was decided that Russia would set up a Federal Copyright Service, Izvestia newspaper reported Monday. “The new structure will offer government services to register and protect intellectual property, legal regulation, supervision and coordination of authorities in this area,” the paper […]

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Only innovative economic model can ensure sustainable growth – Dvorkovich

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
Arkady Dvorkovich file photo

(Interfax – MOSCOW, October 14, 2013) Using reserve funds to support major investment projects and small and medium businesses can accelerate economic growth slightly for a few months, but an innovative model of growth needs to be implemented in the long-term, Deputy Prime Minister Arkady Dvorkovich said at a briefing for the upcoming Open Innovations international forum in Moscow. The […]

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