Russian govt to submit proposals on payroll tax revision Apr 30
The Russian government will submit proposals to amend the payroll tax system on April 30, First Deputy Prime Minister Igor Shuvalov said.
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BP may take part in Russia’s Rosneft projects in East Siberia
The U.K.’s BP may take part in East Siberian greenfield projects of major Russian oil company Rosneft, including those in the Irkutsk Region, Vladimir Drebentsov, BP’s chief economist in Russia and the CIS said.
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Russia’s Sberbank to focus on crediting large business in 2013
Russia’s biggest lender Sberbank will focus on crediting large and medium-sized businesses with an annual revenue of between 400 million and 15 billion rubles in 2013, Deputy CEO Andrei Donskikh said.
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Russian stocks to rise on oil price, Chinese market growth
The Russian stock market is likely to open higher as the oil prices started to recover as well as the Chinese stock market, analysts said.
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Russian farmers suffer hardship due to WTO rules, poor harvest
Russian agricultural producers have found themselves in a complicated situation after the country’s accession to the World Trade Organization (WTO) and a poor harvest in 2012, Prime Minister Dmitry Medvedev said.
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VTB won’t sell Tele2 Russia in parts, plans to boost market value
State-controlled VTB Group does not plan to sell mobile operator Tele2 Russia in parts, VTB CEO Andrei Kostin said.
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Russia to increase oil taxes 5% to pay for roads
Russia has proposed increasing oil extraction taxes to raise as much as 60 billion roubles ($1.9 billion). The Kremlin is contemplating a 5% increase in the tax, to come into effect 2014, Finance Minister Anton Siluanov said.
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Government may give up idea to sell Russian Agricultural Bank
The government is considering the exclusion of Russian Agricultural Bank from the list of state-run companies to be privatized, Deputy Prime Minister Arkady Dvorkovich’s spokeswoman Alya Samigullina said.
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Turkey may start supplies to Russia via Georgia
Turkey may start exporting its products to the Russian market via Georgia, Georgian Agriculture Minister David Kirvalidze said.
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Russian govt still mulls replacing VAT with sales tax
The Russian government is still considering the option of shifting to a sales tax from value-added tax (VAT), Deputy Economic Development Minister Sergei Belyakov said.
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Russia's Technopromexport may build power plants in Yemen
Russian engineering company Technopromexport is considering building thermal power plants in Yemen, including ones based on renewable energy sources, once the situation in the country is stabilized.
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Russia’s VEB to provide 300 bln rbl for Far East development
Russian state-run economic development bank Vnesheconombank (VEB) will provide over 300 billion rubles to finance18 projects to develop the country’s Far East, VEB CEO Vladimir Dmitriyev said at a government commission meeting on the development of the Far East and the Baikal area.
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Russia’s VEB to provide 300 bln rbl for Far East development
Russian state-run economic development bank Vnesheconombank (VEB) will provide over 300 billion rubles to finance18 projects to develop the country’s Far East, VEB CEO Vladimir Dmitriyev said at a government commission meeting on the development of the Far East and the Baikal area.
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Russian economy will not reach 5% growth in next few years
The Russian economy will not be able to reach 5 percent growth or higher in the coming years, Deputy Economic Development Minister Andrei Klepach said.
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Russia’s depositors to pay for Cyprus
After a week of debate with the EU and attempts to get additional money from Russian partners, Cyprus had to yield to the demands from Brussels and Berlin and will restructure its banking system, thus inflicting heavy losses on big depositors. Analysts believe this restriction on capital movement may herald the collapse of the eurozone.
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