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Customs Union - difficulties for importers
26 january 2010
With the establishment of the Customs Union, some importers had trouble with the import of goods to the territory of the Russian Federation. Before the New Year there were a lot of discussions on the emergence of the new customs tariffs, and nobody paid attention to the expanded list of licensed goods.
On industrial production in 2009
25 january 2010
Index of industrial production in 2009 as compared with 2008 has amounted to 89.2%.
RF Budget Deficit in 2009 amounted to 5.9% of GDP
20 january 2010
According to tentative estimates of the RF Ministry of Finance, the RF budget deficit on the basis of 2009 amounted to RUR 2.3261 trillion, or about 5.9% of GDP.
The RF Ministry of Finance relates prospects for raising the efficiency of budgetary expenditures through BOR mechanisms
19 january 2010
Recently Vice-Prime-Minister of Finance Alexei Kudrin has informed Prime Minister Vladimir Putin on the development of instruments to improve the efficiency of budgetary expenditures.
Assessment of Russia's balance of payments for 2009
14 january 2010
On January 13, the Bank of Russia has published the assessment of balance of payments for 2009. In accordance with the published information, the surplus current account balance has decreased in comparison with 2008 by 54% and amounted to 47.5 billion dollars.
New reduction of refinancing rate
25 december 2009
On December 25, 2009 the Bank of Russia has announced that since December 28 the refinancing rate is again declined from 9% to 8,75% per annum.
The Bank of Russia has extended the effect of the Regulation on assessment of credit risk on loans
14 december 2009
On December 14, the Bank of Russia has informed of the extension of the Bank of Russia Regulation No. 2156-Y, issued on December 23, 2008 "On Assessment Specifics Of Credit Risk On the Loans, Lending and Eligible Debts" until June 30, 2010.
How many employees can be hired by an individual patent holder?
08 december 2009
At first glance, the answer to this question is simple. Federal Law № 155-FZ of 22.07.2008 "On Amendments to Part Two of the Russian Federation Tax Code", Article 346.25.1 of the RF Tax Code was amended by Paragraphs 2.1 and 2.2.
Commercial Education Services – Dirty Pool
07 december 2009
Recently in Russia, presentations, trainings, seminars and other short-term educational programs aimed at the needs of business and economic entities in Vocational Education are very popular.
Inflation Acceleration in Russia
04 december 2009
In November 2009, the inflation rate in Russia has reached 0.3%.
Possible Establishment of Beneficial Rates for Simplified Tax System (STS)
02 december 2009
Currently, the State Duma is reviewing a draft federal law No. 237438-5 «On Amendments to Article 346.20 of the Second Part of the Russian Federation Tax Code" submitted by the State Duma of the Stavropol Region as far back as on 27 July 2009.
Another reduction of refinancing rate
24 november 2009
On November 24, 2009 the Bank of Russia has announced that from November 25, the refinancing rate is reduced again, from 9.5 to 9% per annum.
The State Duma has approved a draft federal budget for 2010–2012
23 november 2009
In November, Deputies of the RF State Duma have reviewed and approved the draft Law "On The Federal Budget for 2010 and the Estimated Period of 2011 and 2012" in the second and third reading.
Trade turnover between the U.S. and Russia in 2009 has decreased by 36.4%
21 november 2009
The volume of the US-Russia trade turnover in the current year has declined significantly in the background of the global financial crisis. According to the FCS statistics, the trade turnover between the U.S. and Russia has amounted to USD 12.7 billion within three quarters of 2009, which is by 36.4% less than in the same period of 2008.
GDP dynamics in Russia
20 november 2009
Following the results of Quarter III of 2009, the Russian GDP has reduced by 8.9% as compared with the relevant period of 2008. According to the Russian Federal State Statistics Service, the Russian GDP downgrading has become the most significant among the BRIC countries and the G8.
Russia’s industry in January – September 2009
20 november 2009
In January – October 2009, industrial production in Russia went down by 13.3%. This deceleration of the Russian economy has been associated with the trend towards a contraction of internal-investment and consumer demand.