Addressing the G-20 summit in Seoul, the Russian President Dmitri Medvedev urged for easy credit access, both domestic and international - to small and medium enterprises.
“One of the key tasks is to ensure an unhindered access for small business to national and international capital markets,” Medvedev said while addressing the summit. “For this we need new mechanisms. Here efforts by just one state won’t be enough.”
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One of the key issues to be discussed at this year's St Petersburg International Economic Forum on 16-18 June is the financing of Russia's modernization. A number of sessions will be devoted to this subject, in particular the session 'Raising Capital for Russia's Growth' on June 18, in cooperation with UBS and televised by Bloomberg TV.
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In many autocratic countries, the opposition's goal is to shake down the political institutions that the ruling elite have constructed to maintain their control. In Russia, it would seem that the opposite is true.
Take, for example, the opposition Party of People's Freedom. Despite almost universal predictions that the authorities would never register the Party of People's Freedom, the party's leaders — Mikhail Kasyanov, Vladimir Milov, Boris Nemtsov and Vladimir Ryzhkov — went out of their way to fulfill every requirement of the election law.
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The Russian government has been actively pushing the agenda of developing Moscow as a global financial centre, in line with London and New York. Following the financial crisis of 2008 and the global economic slowdown in 2009, the Russian economy has struggled to return to the high growth trajectory that other emerging economies of the so-called BRIC group; namely Brazil, India and China have achieved.
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The government will not abandon or trim down its $16.5 billion plan to buy medical equipment and raise doctors' salaries, even as it reduces the tax that was intended to fund the move, Prime Minister Vladimir Putin said.
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The theory that free trade and free capital flows are always good is increasingly under attack. Even at the International Monetary Fund, the old orthodoxy is on the way out.
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The recent global financial crisis contributed to the fact that the companies are expanding their product lines. Businesses are betting on innovative development, understanding the importance of new technologies.
The position of Russia is becoming increasingly vulnerable because the country no longer presents interest for foreign companies as a market. Russia's importance as an investment object is also declining.
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The World Bank predicts the loss of dominance for the US dollar. The world financial system is projected to become multi-currency one only in 2025. The New Global Economy," the U.S. dollar will be shifted by the euro and Chinese Yuan.
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The rouble continued rallying towards its strongest levels since late 2008 early on Wednesday as players took the previous day's correction as an opportunity to bet on a further rally in line with recovering oil prices.
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President Dmitry Medvedev’s efforts to improve the rule of law — including a proposal he discussed Tuesday to make communications with judges a matter of public record — aren’t yet helping to reduce the caseload of British arbitration courts.
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Russian President Dmitry Medvedev said at a meeting with U.S. Vice President Joseph Biden that it would be unacceptable for Georgia to politicize conditions for Russia joining the World Trade Organization (WTO), Alexander Lukashevich, the Russian Foreign Affairs Ministry’s official representative, said Thursday, ITAR-TASS reported.
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Russian Prime Minister Vladimir Putin proposed on Thursday introducing a visa-free regime between Russia and the U.S.
At a meeting with U.S. Vice President Joseph Biden, Putin said that Russia and the E.U. were in talks on switching to a visa-free regime, while the U.S. abolished visas with European nations long ago.
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Switzerland will mediate between Russia and Georgia on joining the World Trade Organization, Alexander Lukashevich, a spokesman at the Russian Foreign Ministry, told reporters in Moscow on Thursday.
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We were the first neighbor to join the European Union in 1995, and through us the EU for the first time got a border with Russia. We also have a long history of good relations with Moscow during the Soviet period which is not an automatic thing. Finland showed during the Cold War that being part of Western civilization and its values is compatible with having positive relations with Moscow.
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