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• April 7, 2010 by Russia Briefing
  

  Russian Companies to Acquire ICQ

  Apr. 7 – “ICQ might become Russian,” Russian newspaper Vedomosti proclaimed yesterday. Parent company AOL has collected binding offers filed by Russian Internet investment groups Digital Sky Technologies (DST) and Prof-Media to purchase ICQ’s instant-messaging service and also from Chinese company Tencent. According to multiple reports DST started the early stages of negotiations to acquire[…..]
• April 6, 2010 by Russia Briefing
  

  Russia goes Socialist on Pension Plans

  Apr. 6 – Russia will spend a record amount of money for pensioners this year, with almost 10 percent of gross national product going into pension funds as the Russian Federation joins the ranks of countries with the highest mandatory pension payments. After increased pension payout deductions planned for 2011 (from 20 to 26 percent[…..]
• April 2, 2010 by Russia Briefing
  

  Russian Judicial Loophole May Hamper Foreign Transactions

  Apr. 2 – Any deal to buy a strategic enterprise by a Russian company that has foreign daughter companies may be declared null and void. Blame the broad interpretation by the Federal Anti-Monopoly Service and the courts for their elastic notion of what constitutes a group of persons. Even major Gazprom deals could be contested.[…..]
• March 31, 2010 by Russia Briefing
  

  Daimler Trucks Expands its Local Presence in Russia

  Mar. 31 – Daimler AG and Russia’s investment bank Troika Dialog have signed a memorandum of understanding regarding the strengthening of Daimler’s role in the Russian truck manufacturer KAMAZ, through the acquisition of five percent of the KAMAZ shares held by Troika Dialog. Under this plan, Daimler AG and the European Bank for Reconstruction and[…..]
• March 30, 2010 by Russia Briefing
  

  Retail Giant Auchan to Declare 2009 Turnover in a Court Ruling

  Mar. 30 – French retail giant Auchan, which has never publicized its financial indicators in Russia, has now been compelled to do so in a judicial dispute with tax inspectors. The operational company of the hypermarket network Auchan, is trying to challenge the decision of the Moscow branch of The Russian Federal Tax Service (FTS)[…..]
• March 29, 2010 by Russia Briefing
  

  Russia Needs Modernization as Well as a Welcoming Business Climate

  Mar. 29 – The American Chamber of Commerce in Russia’s 10th annual Investment Conference held last week examined current trends and their likely impact on the business environment in the country. The theme of the 2010 conference was “A Post-Crisis Russia: Modernization is the Way Forward.” AmCham representatives said Russia still needed to deal with[…..]
• March 26, 2010 by Russia Briefing
  

  Russia May Simplify Alien Visa Regulations

  Mar. 26 – The Ministry of economic development and trade (MEDT) wants to simplify a visa regulations for highly qualified foreigners. In particular, the ministry suggests canceling quotas on delivery of work permits and delivery of invitations to entrance, and also to do without the coordination of their hiring with employment officials. Now the state[…..]
• March 12, 2010 by Russia Briefing
  

  Investments Aid ‘Boom Time’ in St. Petersburg Region

  Mar. 12 – Foreign investments into the St. Petersburg region have grown almost 30 percent in 2009 compared to 2008 and have so far totaled US$1.3 billion. These indicators have allowed the region to remain one of leaders on rates of increase in foreign investments in Russia. The main investors are United States (45.4 percent[…..]
• March 9, 2010 by Russia Briefing
  

  Russian Economy Posts First Growth on Annual Basis Since 2008

  Mar. 9 – The Russian economy grew last month on an annual basis for the first time since November 2008, an indicator derived from service and manufacturing surveys based on opinions of leading Russian corporations’ managers, executed by the VTB Capital, showed. The economy of the world’s largest energy exporter expanded 0.5 percent after shrinking[…..]
• March 8, 2010 by Russia Briefing
  

  Russian Government Wants to Speed up Privatization

  Mar. 8 – The Russian government is planning to ask investors what assets they would like to buy from the state, an idea proposed by First Deputy Prime Minister Igor Shuvalov to speed up privatizations. Shuvalov said in September that the state was planning to step up asset sales. The government wants to hear investors’[…..]