Putin calls for supporting Russian products’ promotion abroad
Russia’s Prime Minister Vladimir Putin suggested establishing a support system on Monday to promote domestically made products on international markets.
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Invest in Russia but proceed with caution, says expert
A noted Russian business consultant who has spent the past 17 years guiding foreign direct investors through the turbulent maze of doing business in Russia held his first ever seminar in the UK organised by the Russia House and supported by the Russian Trade Mission
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Russians on top of consumer credit
FICO, the leading provider of analytics and decision management technology, and the National Bureau of Credit Histories (NBKI), Russia's leading credit bureau, released data showing that Russians are managing their credit better than at any time in the last three years.
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THE RISE OF RUSSIAN CAPITALISM
Russia's transformation from central planning to a market-based economy over the past 20 years must rank as one of the biggest economic stories of our time, according to a new book on the rise of Russian capitalism.
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Russian firms should be privatized domestically
It would be better to privatize Russia companies on the domestic market, as it is likely to encourage the development of the financial market, the Federal Service for Financial Markets’ Director Dmitry Pankin said.
“The government is discussing the issue, but there is no decision yet,” Pankin said.
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Gazprom signs deal to gain 49% in Vietnamese shelf project
Russia’s gas giant Gazprom has signed an agreement to receive 49% in a project to jointly develop the 05.2 and 05.3 blocks on the Vietnamese shelf, Gazprom said.
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Medvedev says Russia has no resources to cut payroll tax
Russian has no resources to reduce payroll taxes, President Dmitry Medvedev said at government meeting.
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Russian interest rates to slip in line with inflation
Interest rates, which have increased some 1.5 percentage points due to capital outflow and a liquidity crunch since last summer, will slip soon as inflation is slowing down, the Central Bank of Russia’s Chairman Sergei Ignatyev said.
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Putin calls on Russian companies to carry IPO at home market
Prime Minister and president-elect Vladimir Putin considers it necessary to carry out initial public offerings (IPO) on the domestic market, he said.
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Medvedev wants simpler visa regime for tourists by June
Russian President Dmitry Medvedev has ordered the government to prepare proposals by June 1 to facilitate the visa regime for tourists, including those visiting the country by cruise liners and yachts, Kremlin said.
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The Russian rouble is becoming more popular in emerging markets, with the currency trade volume at the Chicago Mercantile Exchange up 46% year on year in the first 2 months of 2012. But experts say the over-dependency on oil makes the growth fragile.
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Russian President Dmitry Medvedev has ordered the government to prepare road maps for privatization, measures aimed at economic deregulation, and reduction of government influence on the economy.
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The reduction of the payroll tax in Russia to 26% is desirable but only if the existing wage ceiling remains unchanged, Presidential Aide Arkady Dvorkovich said.
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