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    Russia to Simplify Visa Regulations for Foreign Experts

    Aug. 24 – The government has issued a decree allowing foreign specialists who want to work in Skolkovo high-tech business center to obtain business visas for 30 days during the negotiation process with employers, Russian media reports. According to the document, the highly skilled expert status grants the right to receive a working visa for[…..]

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    U.S. Groupon Expanding to Russia

    Aug. 20 – The Chicago-based online coupon provider Groupon Inc. said Wednesday that it was purchasing a controlling stakes in Russia’s Darberry and Japan’s Qpod as part of its international expansion. Terms of the deals were not disclosed. Launched in 2008, fast-growing privately held web company Groupon combines social media with collective buying clout to[…..]

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    Belarus Meets Difficulties Due to Russian Oil and Gas Price Increase

    Aug. 19 – The Belarusian economy has been badly affected by the rise in Russian oil and gas prices, National Statistics Committee Belstat reports. In the first half of the year, oil imports from Russia declined 49.8 percent to 6.47 million tons and oil product imports have dropped more than 70 percent to 525,400 tons.[…..]

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    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.”

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    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[…..]

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    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[…..]

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    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[…..]

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    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[…..]

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    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[…..]

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    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[…..]

Showing 10 of 477 articles