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• August 18, 2010 by Russia Briefing
  

  Russia Moves to Simplify Customs Procedures

  Aug. 18 – Customs administration became the main theme of an investment climate session held by Russian President Dmitry Medvedev in the city of Sochi yesterday. “The customs border costs are unpredictable and discourage investors from opening new production facilities in Russia,” said President Medvedev. “Such cases do happen.”
• August 17, 2010 by Russia Briefing
  

  Number of Internet Users Increasing in Russia

  Aug. 17 – More than 43 million people in Russia log onto the internet monthly and, according to a survey conducted by National Network Domain Coordination Centre (NNDCC), “almost half the users will not refuse internet even if they don’t have enough money for food or clothes.” The number of weekly internet users is Russia[…..]
• August 12, 2010 by Russia Briefing
  

  Foreign Investors May Participate in Trebs and Titov Auction

  Aug. 12 – Russia’s official government web site has published conditions under which a license to the strategic Trebs and Titov oil and gas fields in the Arctic north will be put up for auction. According to the document, 15 percent of oil extracted from the strategic deposits will be sold out at the Russian[…..]
• August 10, 2010 by Russia Briefing
  

  Russian Government to Reduce Risks for Leasing Companies

  Aug. 10 – The Ministry of Economic Development and Trade (MEDT) has prepared a bill that will reduce risks for leasing companies, but experts do not believe that it is enough to stimulate recovery in the leasing market. The leasing market in Russia has been brought down during the crisis. In 2008, the market volume[…..]
• August 6, 2010 by Russia Briefing
  

  Russian Government Approves US$1 Billion in Foreign Investment

  Aug. 6 – The Government Commission on Monitoring Foreign Investments approved seven major deals totaling US$1 billion, the head of the Federal Anti-Monopoly Service Igor Artemyev said to reporters. In the opening remarks of the government commission meeting, Prime Minister Vladimir Putin said that foreign direct investment in Russia amounted to US$21 billion in the[…..]
• August 5, 2010 by Russia Briefing
  

  National Financial Education Program to be Settled in Russia

  Aug. 5 – The Russian Ministry of Finance plans to begin the US$100 million National Financial Education Program, the Vedomosti reports. The program will be realized within five years with financial and ideological support from the World Bank. “During the preparation, we have conducted a number of surveys which confirm considerable problems in society’s perception[…..]
• August 2, 2010 by Russia Briefing
  

  Global Investors to Increase their Russian Equities

  Aug. 2 –Foreign investors invested US$103 million into Russian equities last week after an outflow of US$11 million the week before according to the experts at EPFR Global. From the beginning of this year, the net-inflow of investment into Russian funds totals near US$2.1 billion. ″Judging from EPFR data, optimism has returned to emerging market[…..]
• July 30, 2010 by Russia Briefing
  

  Goldman Sachs and Credit Suisse Buy Stakes in Bank of Moscow

  Jul. 30 – International investment banks Goldman Sachs and Credit Suisse bought stakes of 3.88 percent and 2.77 percent, respectively, in the state-run Bank of Moscow. According to Reuters, the Bank of Moscow has a total market cap of US$5.1 billion.”Goldman Sachs has investments in more than 20 projects in Russia, but there is no[…..]
• July 28, 2010 by Russia Briefing
  

  Russia May Ease Export Regulations

  Jul. 28 – President Dmitry Medvedev agreed to allow the transportation of goods through the Russian border without a “transaction passport” if costs do not exceed US$100,000. Yesterday, during the presidential commission on economic modernization, the head of state-run Russian Venture Company Igor Agamirzjan enumerated the problems that disturb venture investments and what needs to[…..]
• July 27, 2010 by Russia Briefing
  

  Post Operator Pochta Rossii to Enter Money Transfer Market

  Jul. 27 – Russia’s state-run national post operator Pochta Rossii has entered the immediate money transfer market with a new service named Forcage, which will allow funds transfer within an hour, according to the company’s press release. Before establishing this service, the delivery of funds took anywhere between four hours to three days. Now, delivery[…..]