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ROSNANO losses are not critical
29 april 2013
The audit by the Accounts Chamber of the Russian Federation1 at ROSNANO OJSC led to a great deal of articles and news releases in mass media about alleged large-scale violations revealed during the audit.
Immovable property tax is to be introduced in Russia prior to January 1, 2018
26 april 2013
Pursuant to the Russian Government's draft amendments to the draft federal law No. 51763-4 "On the Amendments to the Second Part of the Tax Code of the Russian Federation and Certain Legal Acts of the Russian Federation", which was posted on the ‘Official Information' page of the Ministry of Finance of Russia official website on 23.04.2013 , a immovable property tax (hereinafter the "immovable property tax") is to be introduced in the Russian Federation prior to January 1, 2018.
Privatization process and property relations in 2012
25 april 2013
The contents of the privatization process in the Russian economy in 2012 was governed by a forecast plan (program) of federal property privatization and the federal property privatization guidelines for a period of 2011-2013 adopted late in November 2010.
The President should ease confidentiality
24 april 2013
The US civil society demands that the US President ease confidentiality. Thirty one non-governmental organizations requested for the same in a letter addressed to President Obama on April 23.
Russia’s GDP could have fallen still further
23 april 2013
Indeed, the current global economic situation has some kind of effect on slow economic growth rates in Russia.
Recession of the Russian economy: a lagged panic
22 april 2013
Feasibility of increasing the government budget expenditures as a measure of economic growth incentive in Russia should have been discussed at least two years ago.
Russian industry in Q1 2013
17 april 2013
Industrial production dynamics at the beginning of the current year was determined by the decline of economic growth, formed in H2 of 2012.
Global military expenditure in 2012
16 april 2013
On April 15 the Stockholm International Peace Research Institute (SIPRI) published its Fact Sheet of trends in global military expenditure in 2012 which is traditionally published prior to the SIPRI Yearbook in June.
Russia’s industrial production has deteriorated the most over the last three years
16 april 2013
The composite indicator of a business survey of managers of Russian enterprises shows that early in 2013 the Russian industry deteriorated the most over the last three years.
The Central Bank makes repo operations more flexible
15 april 2013
On April 15 the Bank of Russia began to conduct over-the-counter repo operations which were announced last year.
US Draft Budget for fiscal year 2014
15 april 2013
On April 10, two months after the due date, the US Office of Management and Budget published the US draft budget for fiscal year 2014, in which it was proposed to reduce the US Department of Defense's expenses by $3.9bn (or 0.7%) to 526.6bn (3.1% of GDP) against the current ones.
The adoption of the FPS will extend the law-making on government procurement
12 april 2013
On April 5 the President of Russia signed a Federal Law "On the Federal Purchasing System" (FPS). The FPS must replace the long-suffering Federal Law No. 94 (FZ-94) which has been regulating government procurement since the mid-2000s.
Diversification of the economy will take extra time
12 april 2013
The Ministry of Economic Development and Trade of Russia (MEDT) cannot rule out that the Russian economy may suffer recession in the upcoming fall, as the Head of the Ministry Andrei Belousov said in Blagoveshchensk. The MEDT will suggest measures aimed at stimulating the economy.
The Ministry of Economic Development and Trade of Russia has refined economic development figures in 2013
12 april 2013
In the first quarter, macroeconomic situation was characterized by simultaneous slowdown in growth rates of external and internal demand. According to a preliminary estimation, the first quarter saw an absolute reduction of export volumes.
A new Chairwoman of the Central Bank of Russia will ensure consistency of the monetary policy course
11 april 2013
On April 9, the State Duma approved Elvira Nabiullina as the Chairwoman of the Bank of Russia. In her speech she outlined a few milestones of a new monetary policy. The general idea of the speech is as follows: the new Head of the Central Bank of Russia will adhere to the previous balance between stimulating and inflation policy.
The increase of mineral extraction tax by 5% will not compensate the shortfall of federal budget revenues
10 april 2013
On April 10, the Ministry of Finance of Russia suggested to raise by 5% the mineral extraction tax on oil, according to the statement made for journalists by the Head of the Ministry Anton Siluanov.