Comments
The Bank of Russia has left the Majority of Interest Iates Unchanged
10 december 2012
On December 10 the Bank of Russia announced that it has remained unchanged the refinancing rate and most interest rates on of its major operations.
The Proposed Amendments to the RF Tax Code will Complicate the Relationship between the Federation and its Subjects
06 december 2012
In late October of this year the Draft Federal Law "On Amendments to Part II of the Tax Code of the Russian Federation" (Bill No. 157491-6) 1 was submitted for review to the State Duma. It proposes to provide complete exemption from all federal taxes to the Russian organizations, incorporated in the Subjects of the Far Eastern Federal District, as well as to individuals - citizens of the Russian Federation, permanently residing, registered and engaged in business as individual entrepreneurs in those Subjects.
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.
Are Increased for Petrol, Tobacco, and Alcohol in Russia
22 november 2012
On November 21, the Federation Council approved of the governmental law about the indexation excise rates for 2013 - 2015, the amendments made in Article 193 of the RF Tax Code (see details .).
Capital Outflow is Caused by Minimization of Bank of Russia's Intervention
21 november 2012
According to Andrey Klepach, Deputy Minister of Economic Development, the capital outflow from the Russian Federation, in the course of 2012 can reach $70bln.