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• June 1, 2010 by Russia Briefing
  

  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[…..]
• May 31, 2010 by Russia Briefing
  

  Chinese Companies Look to Fund Russian Mining Railroad

  May 31 – China Railway Materials Commercial Corp. and SUYU Railroad Material Co. could get involved in funding a railroad branch line to be constructed to the Ozernoye mining site in the Buryat Republic of Russia. Conditions of the financing agreement state that the owner of the deposit IFC Metropol will buy construction equipment, railroad[…..]
• May 28, 2010 by Russia Briefing
  

  Russian Superior Court Sessions to Be Made Available Online

  May 28 – Russia’s Supreme Commercial Court plans to start online broadcasting of its sessions, the chairman of the court Anton Ivanov told Vedomosti. “We are testing the records system now, by the beginning of June records will be available on the court web site with one day delay, and by the end of the[…..]
• May 27, 2010 by Russia Briefing
  

  Foreign Investment in St. Petersburg Reaches Record High

  May 27 – Foreign investments contributing to the St. Petersburg economy reached US$1.35 billion within the first three months of this year, a figure nearly double that seen over the same period last year. According to data from the city statistic office Petrostat, 88 percent of foreign investments were on bank credits, the volume which[…..]
• May 26, 2010 by Russia Briefing
  

  China Huandian Power Sign Joint Venture Deal with Russia’s TGK-2

  May 26 – Chinese Huadian Power International Corporation Ltd. (HPIC) will finally have a share of the Russian power market after a long bidding process. The company has entered a joint venture with Russian regional power generator TGK-2 for a thermal electric power plant project in Yaroslavl. Russia’s TGK-2, controlled by energy firm Sintez Group[…..]
• May 25, 2010 by Russia Briefing
  

  Microcredits could Aid Russia’s Economic Recovery

  May 25 – The development of microfinancing credit opportunities could help the Russian economy recover from the recent economic downturn, stated members of the Association of Russian Banks during the first edition of the State Duma’s approval of the microfinancing bill, reports RosBusinessConsulting. According to data from the National Institute for System Studies of Entrepreneurship[…..]
• May 24, 2010 by Russia Briefing
  

  Russian Bureaucrats Find an Efficient Mechanism to Attract Foreign Investors

  May 24 – Foreign direct investment funds, in cooperation with Vnesheconombank, might appear in Russia soon, Minister of Economic Development and Trade Elvira Nabiulina stated yesterday. She believes those funds have become an efficient instrument for attracting capital to the Russian economy while the government creates a friendlier business environment for investors. According to the[…..]
• May 21, 2010 by Russia Briefing
  

  Russian Government Wants to Simplify Construction Legislation

  May 21 – The Russian government wants to implement the same measures used for the construction of Olympic-related facilities in the city of Sochi, host of the XXII Winter Olympic Games in 2014, for the country’s entire building industry. According to Russian Vice Prime Minister Dmitry Kozak, a simplification of the construction legislation will attract[…..]
• May 20, 2010 by Russia Briefing
  

  Yandex Launches International Search Engine

  May 20 – Russia’s biggest internet firm, Yandex, is set to launch an international version of its search engine at yandex.com, company official Ochir Mandgikov publicized yesterday. Yandex declared in an earlier announcement that its search engine has indexed over four billion unique web pages in foreign languages during the past two years, of which[…..]
• May 19, 2010 by Russia Briefing
  

  Russian Developers Given VAT Exemptions on Shared-Equity Construction

  May 19 – The Russian State Duma is exempting all developers operating under the law regulating shared-equity construction from value-added tax. All housing deals using private capital and creating property rights will now be made under shared equity law. Although deputies believe that the VAT exemption opportunity will motivate developers to operate under the law,[…..]