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• August 30, 2010 by Russia Briefing
  

  Russia Finished Last Week at the Top of the BRIC

  Aug. 30 – Russia and CIS-focused funds saw higher inflows than other BRIC countries, data from Emerging Portfolio Fund Research showed yesterday. Russia funds saw inflows of US$80 million in the week to August 23, after reporting US$77 million in outflows the previous week.
• August 27, 2010 by Russia Briefing
  

  Russia to Simplify Customs Process for Fish and Bioresources

  Aug. 27 – The customs registration for all fish and bioresources caught by Russian vessels in all fishing territories including the Far East will be canceled, Prime Minister Vladimir Putin promised during a meeting in Petropavlovsk-Kamchatky. “It is unfair, when someone who is fishing in customs territory of the Russian Federation has to pay a[…..]
• August 26, 2010 by Russia Briefing
  

  Russia to Build Uranium Enrichment Plant in U.S.

  Aug. 26 – Moscow is in negotiations with Washington over building a uranium enrichment plant on U.S. territory, the chief executive of Russia’s atomic state-run corporation Rosatom said in an interview with the Financial Times on Wednesday. According to Sergei Kirienko, the project would start only after the U.S. Congress approved Agreement No. 123 on[…..]
• August 25, 2010 by Russia Briefing
  

  Drought Hurts Russian Economy

  Aug. 25 – Russia’s worst drought in half a century cost the economy at least 0.4 percentage points this year, Deputy Economic Development and Trade Minister Andrei Klepach said yesterday. “I think drought influence can be estimated at 0.4 to 0.5 percentage points of gross national product. This is what we have for now, but[…..]
• August 24, 2010 by Russia Briefing
  

  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[…..]
• August 23, 2010 by Russia Briefing
  

  FDI in Russia Falls in First Half of the Year

  Aug. 23 – Foreign direct investment in Russia fell 11 percent to US$5.4 billion in the first half of 2010, the State Statistics Service said yesterday, easing its decline after an 18 percent plunge in the first quarter of 2010. Overall foreign investment, including credits and flows into the securities markets, slid 5.5 percent to[…..]
• August 20, 2010 by Russia Briefing
  

  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[…..]
• August 19, 2010 by Russia Briefing
  

  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.[…..]
• 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[…..]