Latest News

Showing 10 of 322 articles
  • by

    Legal Precedent Complicates Foreign Investment in Strategic Sectors

    Jul. 1 – A court decision based on the law on foreign investments for strategic Russian companies may essentially complicate investor access to the market. The Commercial Court of Moscow City announced its decision on the Megafon cellular operator case on Tuesday; invalidating all positions of the agreement on establishing joint venture in which Russian[…..]

  • by

    Russian Light Industry to Replace Foreign Manufacturing

    Jun. 28 – The illegal importation of light industry goods to Russia is falling from 60 percent to 40 percent, giving Russian sewing, textile and shoe manufacturers a good chance to take over the domestic market. Meanwhile, the situation might be complicated by new duties within the limits of the Russia, Belarus, and Kazakhstan Customs[…..]

  • by

    Chinese Investors to Develop Russia’s Far East

    Jun. 25 – The advisory council for Russia’s Ministry of Regional Development approved eight projects from more than 200 joint projects planned for 2009-2018 in frontier regions of Russia and China. According to the list of investment projects published on the ministry’s web site, long term Russian-Chinese cooperation will start from the Chukotka region’s Beringovsky[…..]

  • by

    Foreign Investors to Join in Regional Airport Modernization Projects

    Jun. 24 – The Kurumoch International Airport in Samara is excluded from the list of strategic enterprises and joint-stock companies included in President Dmitry Medvedev’s June 18 decree, the government of Samara said to the Russian media yesterday. Earlier this month President Dmitry Medvedev signed a decree reducing the number of strategic companies which enjoy[…..]

  • by

    Money Transfers from Russia to Central Asian Increasing

    Jun. 10 – In the first quarter of 2010, the volume of the cross boundary money transactions which have been carried out by individuals from Russia to the Central Asia post Soviet republics throughout different credit organizations and money transfer systems, has grown in comparison with the similar period of 2009. According to Russian Central[…..]

  • by

    St. Petersburg Authorities will Change the Tax Law in Favor of Large Investments

    Jun. 7 – The government of St. Petersburg lifted up the sum of investments which grants the right to tax privileges and prolongs the term of their action, Vedomosti reports. Industrial and transportation companies, which have invested more than 800 million rubles in the city economy over the last three years, will be released from[…..]

  • by

    Moscow Wants to Become an International Financial Hub

    Jun. 4 – Former Soviet republics may start to sell their bonds in Russian stock exchanges, Finance Minister and vice-premier Alexei Kudrin said yesterday. According to the minister, this is the next step for Moscow to become one of the financial centers of the world. “Our stock exchanges are ready for such step – to[…..]

  • by

    Diamond Miner JCS Alrosa Considers Joint Stock Option to Attract Investment

    Jun. 3 – Russian state-owned diamond miner JCS Alrosa has announced intentions to change its business entity to an open joint-stock company to attract investment. If successful, Alrosa then hopes to achieve the next step and list an initial public offering. According to the RIA Novosti news agency, the company’s president Feodor Andreev has started[…..]

  • by

    Krasnodar Rated Best Russian City for Business by Forbes

    Jun. 2 – The Russian edition of Forbes magazine has rated Krasnodar the best city in Russia to do business for the third time. Located southwest of Moscow, Krasnodar is well known for its investment friendly and supportive business environment. Khabarovsk city in the Russia’s Far Eastern region was ranked second followed by Ekaterinburg in[…..]

  • by

    Hong Kong Businesses Eye Investments in Primorsky Krai

    Jun. 1 – The Hong Kong business community, led by the Financial Secretary of the Hong Kong Special Administrative Region John Tsang, participated in the Vladivostok investment conference last week. “We are here to strengthen collaboration between the two nations. This particular region of Russia has huge natural resources…we have to use these advantages for[…..]

Showing 10 of 322 articles