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The Bank of Russia is Increasing Information Transparency

05 december 2012

On December 3, the Bank of Russia started to publish the forecast of factors underlying the formation of banking sector liquidity.

The tax burden in Russia is not Excessively high

05 december 2012

Recently Igor Shuvalov, the First Deputy Prime Minister of Russia noted that taxes in Russia in the next 6 years will not grow, and any new solution in regard to tax burden will be aimed at reduction thereof.

Russian Issuers Run Away to London

03 december 2012

According to Bloomberg, in November, the turnovers for 6 most marketable securities of Russian companies at Moscow International Stock Exchange (MICEX) went down up to 40.1%, London Stock Exchange, LSE up to 59.9% and were respectively equal to $12.8 bln and $19,2 bln. In October, the state of affairs looked slightly better: the Russian site had 43.5% as compared to London's one with its 56.5%.

Industrial Production Is Slowing Down across All Parameters

03 december 2012

In industry, the key indicators, such as demand, output, prices, are slowing down again.

Unplaced Defense Order Is Unlikely to Be Executed

30 november 2012

On the last Sunday of November, an ambiguous situation with the execution of the 2012 state defense order, due to the efforts of Russian TV central channels suddenly was shown under the new light which did not make it clearer but gave it additional shade.

World Market Outlook Promotes Trade Surplus Growth

30 november 2012

The world market outlook still remains favorable for Russian exporters.

Credit Indebtness Is Growing Faster Than Deposits

29 november 2012

In the current year, the increase of retail bank deposits steadily isn't catching up with the increase of credit indebtness. Within 10 months the net household savings have decreased by 691 bln rubles including October decrease by 137 bln rubles.

Long-Term Investments at the Stock Market Should Be Exempted fr om Tax

28 november 2012

The RF Ministry of Finance discusses the possibility to equalize the tax assessment for interest yield fr om individuals' deposit, bonds and shares. It is suggested that there should be established a lim it of tax-exempt total income. It can be about 1mln rubles a year.

Russia Is Expected to Go Through Proceedings in WTO

28 november 2012

In accordance with agreements related to Russia's accession to the World Trade Organization, in the nearest future our country will have to reduce the import customs duties for different automobiles.

Bank of Russia Is Planning to Limit Granting Unsecure Loans to People

27 november 2012

According to the Deputy Chairman of the Central Bank of Russia M. Sukhov, the Bank of Russia is planning a twofold increase of the reservation rate for unsecure cash loans from March 1, 2013, and to increase the risk coefficients for cash loans while calculating the banks Cooke Ratio (Н1).

It Is Worth Investing into Russian Railways If Bonds Are in Demand

26 november 2012

In 2013, the Government of Russia will allocate 200-300 bln rubles from pension accruals to infrastructure bonds. This refers to investments into the projects of a particular company - Russian Railways (RZhD). This was reported by the Minister of Finance, Anton Siluanov, on November 26.

Approaches to Control of Transfer Pricing Should Not Be Rejected

22 november 2012

Dmitry Medvedev, the Prime Minister of Russia, appealed to the employees of tax authorities not to hurry with the verdict regarding the tax innovations but firstly to evaluate their social and economic consequences. This refers to the control of transfer pricing, as well as to the consolidated groups of taxpayers.