Latest News

Showing 10 of 763 articles
  • by

    Russian Government May Privatize State-Run Corporations

    Jul. 26 – The Ministry of Finance has suggested that the government privatize packages of 10 state-run companies and banks over the next three years, an official told Russian daily Vedomosti. The Russian state-run companies Transneft and Rosneft are included in the 2011-2013 privatization plan, as are Federal Grid Company of Unified Energy System, Rusgidro,[…..]

  • by

    Russia Considers Flexibility in Mining License Conditions

    Jul. 23 – The Ministry of Environmental Protection and Natural Resources has proposed that companies be given the option to change conditions in their licenses to allow them to cut extraction volumes. This measure will allow companies struggling with low raw material demand to reduce extraction without the fear of losing their licenses, Russian daily[…..]

  • by

    Russian Government to Introduce Differentiation on Taxation of Oil Producers

    Jul. 22 – The small deposit developers of the Russian oil industry may soon be granted tax cuts, Russian daily Vedomosti-Kazan reports. The Ministry of Finance has published the final draft of the tax code amendment on a its official site, which places a differentiation on the taxation of deposits depending on its stocks.

  • by

    Russian Economy Shows Recovery Signs

    Jul. 20 – Russia reported good economic results during the first half of the year, although investment activity remained low. From January to July, Russia’s GDP grew by 4.2 percent compared to the same period last year, Elvira Nabiullina, Russia’s economic and trade minister said yesterday during the government session. “This is quite a good[…..]

  • by

    Russia Moves to Reduce Number of Licensed Industries

    Jul. 19 – Nine different industries and type of business activities, including medical services and pharmacies, will no longer need to obtain a license while all other industries will see their licensing procedures simplified. The Russian government is considering amendments to the federal law on licensing today. “It is necessary to reduce the list of[…..]

  • by

    Russian Technologies to Boost Stake in AvtoVAZ

    Jul. 16 – The three main shareholders of Russian automaker AvtoVAZ – Russian Technologies, France’s Renault and Troika Dialog – agreed on Thursday to increase authorized capital for the company. French shareholder Renault will provide the automaker with equipment and technology equivalent to US$306 million to maintain its 25 percent stake through the first phase[…..]

  • by

    Off-Scheduled Business Audits Decline in Russia

    Jul. 15 – The state public prosecutor’s office, the Geproekratura, has published data indicating that non-scheduled (irregular) audits of all businesses in Russia declined in 2010. While the government says that this is an indicator of the efficiency of new legislation, many experts still say that the business climate in Russia has yet to change.[…..]

  • by

    Indian Iron-Ore Producer to Enter Russian Coal Market

    Jul. 14 – Indian state-owned iron-ore producer, NMDC Ltd., is in negotiations to purchase four coal mines in Sakha-Yakutia from coal company Kolmar. NMDC is Asia’s third-largest iron-ore producer while Kolmar is owned by the Onexim Group-affiliated mining and exploration company, Intergeo. Talks to buy the Kolmar mines, which have reserves of about 400 million[…..]

  • by

    Federal Financial Markets Service to Make the Issuing of Securities More Transparent

    Jul. 13 – The Russian Federal Financial Markets Service (FFMS) wants to make the issuing of securities more transparent, proposing that they work together with the Ministry of Economic Development and Trade (MEDT), to make companies release information about increasing number of vote voices supervised by each shareholder in addition to changes in stockholder’s shares.[…..]

  • by

    Russia, Kazakhstan and Belarus Create Customs Union

    Jul. 9 – Russia, Kazakhstan and Belarus have reached an agreement creating a new Customs Union (CU)  starting this week that will put all three countries under one customs territory. The new Customs Code will simplify Russian-Kazakhstan border customs registration, though Customs control at the border will be remain until 2011. The three countries have[…..]

Showing 10 of 763 articles