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Russia is Ready for Accession to the WTO
04 july 2012
On June 10, 2012, the State Duma intends to consider the issue of ratification of the protocol of Russia’s accession to the WTO. On July 4, the State Duma’s Committee on Economic Policy, Innovation Development and Entrepreneurship advised the lower chamber to approve the Draft Law On Ratification of the Protocol of April 15, 1994 on Accession of the Russian Federation to the Marrakesh Agreement on Establishment of the World Trade Organization.
On Assessment of GDP in the 1st Quarter of 2012
29 june 2012
According to Rosstat’s first assessment, in the 1st quarter of 2012 Russia’s GDP amounted in money terms to Rb 13,490.6bn and increased by 4.9% on the 1st quarter of 2011.
The Central Bank of the Russian Federation has left the interest rates unchanged
15 june 2012
On June 15, the Central Bank of the Russian Federation reported that it left unchanged the rate of refinancing and interest rates on the main operations of the Bank of Russia.
On Wealth Tax
31 may 2012
Early in May, submitted to the State Duma Committee on Budget and Taxes were draft law No. 66360-6 on Amendment of the Budget Code of the Russian Federation, amendments to Article 13 of Part One of the Tax Code of the Russian Federation and amendments to Part Two of the Tax Code of the Russian Federation providing for introduction of a new federal tax - the wealth tax - in the Russian fiscal system.
The Central Bank of the Russian Federation Has Reduced Requirements to Russian Banks with Foreign Participation in Opening of Branches
23 may 2012
Within the frameworks of Russia's accession to the WTO, the Bank of Russia has abolished the requirement which obliged Russian subsidiaries of foreign credit institutions to secure permit to open a branch in the Russian Federation.
The Central Bank of the Russian Federation Has Renewed Direct REPO Transactions Against a Security of Shares
22 may 2012
On May 22, the Central Bank of the Russian Federation has renewed direct exchange REPO transactions with banks against a security of shares included in the Lombard list of the Central Bank of the Russian Federation.
Is the State Budget Ready for the New Wave of the Financial Crisis?
21 may 2012
The ongoing decrease in global prices on hydrocarbons and depreciation of the national currency against the US dollar raised concerns again about the new wave of the crisis and ability of the financial system to respond to such threats adequately.
On the Extent of Piracy in Russia in 2011.
18 may 2012
A few days ago, the Business Software Alliance, BSA presented the latest report on the shadow market of software for personal computers.
The Situation Around the State Defense Order
16 may 2012
On May 16, by a majority of vote the State Duma supported in the first reading the draft of the new Federal Law on the State Defense Order submitted by the Government on March 6. The Just Russia Party in the State Duma was the only party which refused to support the new law.
The Global Information Technology Report 2012
27 april 2012
The latest report of the World Economic Forum (WEF) and INSEAD, an international business school - The Global Information Technology Report - came out in April. The above report has been published since 2002.
Budget Deficit as a Condition for Budget Maneuvering
25 april 2012
In mid-April 2012, the International Monetary Fund published its latest analytical report -- The Fiscal Monitor1 - with assessment of the conditions and mid-term prospects of budgetary and fiscal policy in different countries of the world.
Military Expenditures of Different Countries in 2011
17 april 2012
The uninterrupted growth in global military expenditures which was observed from 1998 virtually stopped last year. According to the data of the Stockholm International Peace Research Institute (SIPRI, Sweden) published on April 17, in 2011 military expenditures amounted to $1.74 trillion having increased in real terms by the mere 0.3% as compared to the previous year. The average annual growth in global military expenditures amounted to 4.5% in the 2001-2009 period.
The GDP of Russia in 2011
13 april 2012
On the basis of the results of the 2010-2011 period, the average annual growth rates of the GDP amounted to 4.3% and as regards that indicator of development the Russian economy attained the pre-crisis level of 2008.
The WTO on Global Trade
13 april 2012
According to the Report of the World Trade Organization published on April 12, 2012, in 2011 the volume of the global trade increased by 5%.
On New Tax Privileges to Motivate Innovation Activities of Small and Mid-Sized Enterprises
12 april 2012
Early in April, draft law No. 46986-6 on Amendment of Individual Statutory Acts of the Russian Federation as Regards Creation of Favorable Tax Conditions for Innovation Activities to Be Carried Out by Small and Mid-Sized Enterprises was submitted to the State Duma.
Expansion of the List of Instruments of the Monetary Policy of the Bank of Russia
10 april 2012
On April 9, the Bank of Russia reported that starting from April 10, 2012 the system of instruments of the monetary policy of the Bank of Russia would be supplemented with deposit auctions for the term of one week with the maximum interest rate of 4.75% per annum.