business in Russia

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Putin meets with representatives of UK business

Putin meets with representatives of UK business

Russian President Vladimir Putin invited the UK business to take part in implementation of National Projects at a meeting with representatives of the UK business community working in Russian. "Hundreds of billions …

Putin to attend entrepreneurs’ conference tomorrow

Putin to attend entrepreneurs’ conference tomorrow

Russian President Vladimir Putin will attend a conference of the Russian Union of Industrialists and Entrepreneurs on March 14,  presidential spokesman Dmitry Peskov said. "Putin will …

Forbes names Leonid Mikhelson Russia's richest man

Forbes names Leonid Mikhelson Russia's richest man

Chairman of Management Board of Novatek Leonid Mikhelson has become Russia's richest men, according to the latest rating from the Forbes magazine.  Mikhelson is ranked 32th on the list of the world’s …

Kudrin: Russia at level of G7 countries of 80s

Kudrin: Russia at level of G7 countries of 80s

Russia's labor productivity lags 40 years behind those of developed economies. This level is close to Brazil's level and three times below the level of the U.S., head of the Russian Accounts Chamber Alexei …

Gazprom names reason why Medvedev and Golubev retire

Gazprom names reason why Medvedev and Golubev retire

Deputy CEOs of Russian gas giant Gazprom Alexander Medvedev and Valery Golubev have retired, Deputy CEO Andrei Kruglov said, a day after the company notified of their resignation after more than …

Russians do not want do business

Russians do not want do business

Almost two thirds of Russians (62%) are confident that it is impossible in Russia to run a honest business, although 34% of Russians take the opposite position, according to the results of the poll conducted by the All-Russian Public Opinion …

"National projects should encourage Russian business"

"National projects should encourage Russian business"

Russian President Vladimir Putin said that business plays an crucial role in solving Russia's strategic tasks. According to him, business initiative creates jobs, thus increasing salaries and incomes of millions of …

Not enough small and medium-sized enterprises in Russia

Not enough small and medium-sized enterprises in Russia

The share of small and medium-sized enterprises (SMEs) in Russia's economy is 21.9%, according to data from the Rosstat statistics service.  Earlier, Rosstat and the Ministry of Economic Development conducted analyses of …

Car prices to rise in Russia

Car prices to rise in Russia

The analyst agency Avtostat published today a forecast of the car prices growth in Russia in 2019 by 12%, which, according to the car dealers, will be caused by a number of factors, including the VAT increase, the rise of the spare parts prices …

How much did 2018 affect Russian billionaires?

How much did 2018 affect Russian billionaires?

Total wealth of richest citizens of Russia in 2018 decreased by $5.915 billion, data of Bloomberg Billionaires Index (BBI) rating confirmed. Index was calculated based on value of shares of companies in which Russian billionaires own …

What does 2019 bring for Russia?

What does 2019 bring for Russia?

The year 2019 marks changes in various areas of the country's life. Among other things, a slew of amendments to Russia’s Tax Code concerning both individuals and legal entities come into force starting from January 1, 2019.  …

Gazprom signs record pipeline contract

Gazprom signs record pipeline contract

The Zagorsk Pipe Plant (ZTZ) has signed a direct 41.2 billion ruble supply contract with Gazprom-Komplektatsiya, affiliate of Russian gas giant Gazprom, the company said, noting that is it a new record. The delivery deadline of 500,000 …

Self-employed persons legalized in Russia

Self-employed persons legalized in Russia

Self-employed citizens switching to the experimental tax regime will be exempt from paying personal income tax and value added tax (VAT), except for the situation when goods are imported into Russia, according to the set of laws on the …

Usmanov drops Mail.Ru Group control

Usmanov drops Mail.Ru Group control

One of Russia’s richest men, Alisher Usmanov, has transferred control of his majority voting stake in social-networks operator Mail.ru Group. Usmanov’s holding company USM and the wireless carrier MegaFon …

Will Crimea become offshore zone?

Will Crimea become offshore zone?

Head of the State Duma’s Committee for Financial Markets Anatoly Aksakov proposed to set up an offshore zone on the Crimean peninsula. At the same time, he noted that it will not happen in the near future. Aksakov …