More local companies are emulating Western standards and adopting ethics codes to help them operate in a corrupt environment and create the appearance of trustworthiness.
Such codes regulate everything a company's employees do, from how they dress to how they act in case a bribe is offered.
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Following the meeting of Russian President, Dmitry Medvedev, with his Cypriot counterpart and the signing of a protocol to the 1998 double tax treaty between Cyprus and Russia (‘Protocol’) it was expected that the Protocol would be effective on 1 January 2011, however this has not been achieved and the next possible date is 1 January 2012.
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NATO does not believe in the fighting capacity of the Russian army. Such conclusions were made by NATO experts after an analysis of the trainings "West" and "Ladoga" conducted in 2009. The analysis was designed to check the status of Russian armed forces after the war in South Ossetia in 2008.
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Yuri Levada Analytical Center conducted a poll in December of 2010 to find out which currency common Russians use for their bank savings. The research was conducted in 45 regions of the country. It turns out that the most profitable and secure currency for most Russians is the Russian ruble. There are people, of course, who keep their savings in other currencies..
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Global Financial Integrity evaluated illicit outflow of capital from Russia during 2000-2008 at $427 billion. The Russian Federation took the second position on the list with such a number, while the dishonorable first place was taken by China with $2.18 trillion. The top five also includes Mexico, Saudi Arabia and Malaysia.
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The finance ministers of the G20 group of countries will meet in Paris on Friday and Saturday to discuss monetary reforms and measures aimed at fighting global economic threats.
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Russia may ease access for foreign investment in its food industry, following government amendments submitted to the State Duma, Russia's lower house of parliament, changing a key law regulating foreign investment in the country's strategic enterprises.
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New registration rules for expatriates are intended to reduce bureaucracy, and the government is working on more reforms to bring conditions for foreign employees in the country in line with Europe, the Federal Migration Service said Thursday.
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Russia's Yandex search engine and Kaspersky Lab anti-virus software maker are among the world's 50 most innovative companies in 2011, U.S. Fast Company business journal said on Wednesday.
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Inaugurated in March 2008, Ilya Mikhalchuk has become one of the least popular governors in Russia. Mikhalchuk is to blame for degradation of the local economics and collapse of the social sphere, think over 30% of the Arkhangelsk inhabitants. The number of the dissatisfied people is growing, reports Rossiyskaya Gazeta.
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The new law touches upon foreigners recognized as highly qualified specialists that will take it easier ever since to get their work permits and stay in Russia, including those who are going to be involved in Skolkovo project.
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Russia thought twice and decided not to ban the imports of frozen chicken. Still, the chilled meat is expected to get prioritized on the domestic market.
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