Russia is not expected to see any significant economic advantages after joining the World Trade Organization, Christine Lagarde, the managing director of the International Monetary Fund (IMF), said Monday.
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Russian President Dmitry Medvedev said on Tuesday he hoped the visa regime between Russia and the European Union will not only be simplified but completely lifted.
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Galina Tkach, Director of Leasing Department, IntermarkSavills, says "The market is feverish again. Against a background of currency fluctuations owners are strongly trying to introduce contract clauses providing for a currency corridor and adjustment of rental rate, making efforts to replace rouble rates with dollar ones and therefore artificially increasing cost of apartments by 15%. In reality this does not work, only protracts negotiations and results in the increase of rental terms.
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Economic recovery is underway in the Emerging Europe and Central Asia (ECA) region, but at a slow pace and is at risk from the troubled Eurozone, according to the World Bank at a press briefing during the World Bank/IMF Annual Meetings 2011.
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Russia’s VTB Group does not expect the crisis of 2008 to repeat, the group’s CEO Andrei Kostin said on the sidelines of the Russia Calling investment forum on Thursday.
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The Central Bank of Russia’s (CBR) Deputy Chairman Alexei Ulyukaev does not expect another global economic crisis or a recession in 2011.However, the rate of economic development may be revised, Ulyukaev said at an investment forum. Global economic problems in 2011 have been provoked by the inadequate monetary and fiscal policies pursued by a number of countries, Ulyukaev added.
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Russia’s economy could experience repercussions from the sustained economic stagnation in developed countries, Russia’s Economic Development Minister Elvira Nabiullina said Wednesday at a meeting in the State Duma, the Russian parliament’s lower house.
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U.S. Trade Representative Ron Kirk says he's confident that Russia will be able resolve all remaining issues in order to join the World Trade Organization (WTO) by the end of this year.
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A Soyuz booster rocket has successfully lifted a satellite for Moscow's prestige Global Navigation Satellite System (Glonass) into orbit, marking an important success for a project the Kremlin hopes will rival the United States' GPS and Europe's Galileo systems.
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The European Commission on Wednesday proposed a financial transaction tax expected to take effect from 2014 and raise about 57 billion euros ($78 billion) a year.
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The hearings in the Alfa-Access-Renova consortium's lawsuit against Britain's BP will be held in the Stockholm Arbitration Tribunal on Wednesday, a source told the PRIME agency..
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Alexei Kudrin, dismissed as Russia's finance minister, said on Tuesday his remarks to the effect that he saw no role for himself in a future government led by Dmitry Medvedev had been well thought through and not spontaneous.
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The Coca-Cola Company has launched a $120 million plant in south Russia to supply non-alcoholic beverages for the 2014 Winter Olympic Games in Russia's Black Sea resort city of Sochi.
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The Russian-Chinese military and technical cooperation became more active in 2011, including due to its aviation component, assessed at $1 billion.
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