The Cabinet on Thursday gave preliminary approval to a 10-year space exploration program that prioritizes satellite telecommunications and navigation.
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Chairman of the Government of the RF M. E. Fradkov has signed Order No 330 On Adoption of Import Duties on Specific Manufacturing Equipment. Customs duty rate is the minimum of 5 % according to the Order.
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CIS Countries agreed to remove limitations in vodka, tobacco, and tobacco products mutual trade by July 1, 2006, beer trade – by January 1, 2007, spirit and wines trade – by January 1, 2012.
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Poland believes the project to build an undersea gas pipeline to carry Russian gas to Germany is unprofitable and wants the European Commission to consider alternative routes, ministers said on Saturday.
Polish officials were outraged over fellow European Union member Germany's agreement with Russia to build the pipeline under the Baltic sea, effectively bypassing Poland and other EU newcomers.
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For some in the private equity world, Russia may be the next Asia. While many buyout firms are focused on China and India, some in the business say Russia represents the next great opportunity for private equity players.
The attractions include a tempting banking sector, a booming consumer market and red-hot real estate.
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Dutch beer giant Heineken is set to acquire a Siberian brewery from billionaire Viktor Vekselberg's Renova holding, Vedomosti reported Tuesday.
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Russia's entertainment and media market is the fastest-growing in Europe, surging 27.4 percent last year, according to a new report published by PricewaterhouseCoopers.
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Foreign investors will either get a definitive list of strategic sectors where their participation is restricted, or a clear set of case-by-case guidelines, Industry and Energy Minister Viktor Khristenko told a Cabinet meeting Thursday.
"The main goal of the bill is to limit the restrictions on foreign capital in Russian companies," Khristenko said, adding that his proposals would be submitted to the government by Sept. 20.
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The Agriculture Ministry said that there would be no halt in plant imports from the European Union, although not all 25 countries of the bloc had met the deadline to present new safety certificates.
"We will continue accepting old certificates for another 14 days," Nikolai Tryakhov, deputy head of the phytosanitary control department, said.
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Leningradsky Terminal, a massive new logistics project in northern Moscow, promises to add 172,000 square meters of Class A warehouse space to the market by 2007, more than one-fifth of the current total.
Despite the fact that the project is just one of a series set to deluge the market with quality space, analysts insist that strong demand will absorb the extra supply without a significant fall in prices.
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The draft law on special economic zones is set to pass its two remaining readings in the State Duma on Friday, Deputy Economic Development and Trade Minister Andrei Sharonov said Tuesday.
Russia's previous experience with special economic zones "ended in total failure," Sharonov said, speaking at meeting organized by the American Chamber of Commerce. The new legislation, in the works since 2000, aims to avoid past mistakes and "attract new investment," he said.
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Moody's Investors Service may raise Russia's credit rating as the country's ability and willingness to repay debt improves, said Jonathan Schiffer, senior credit officer at Moody's sovereign risk unit in New York.
High oil prices, soaring foreign currency reserves, the country's growing stabilization fund and prudent economic management make Russia a better credit, Schiffer said in an interview. "We still look at it as a credit that could move upwards."
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A number of foreign carmakers, including Sweden's Volvo, are interested in buying into truckmaker KamAZ, business daily Kommersant said Thursday.
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Business confidence rebounded in June after the prolonged trial of Mikhail Khodorkovsky came to a close in May and the summer months set in, turning businessmen's thoughts away from politics and toward summer vacations.
The MT Business Confidence Index, compiled monthly from a pool of managers and market watchers, rose by 6 points to 32, following an equally large decline in May. On the MT scale, 10 represents the lowest confidence and 50 the highest.
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