business in Russia

Does Russian business suffer from nihilism?

Russian First Deputy Prime Minister and Finance Minister Anton Siluanov believes that Russian business does not want to see positive changes in public administration and the economy, and, having record profits, believes that …

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Forbes names Russia's wealthiest businessmen

The Russian edition of Forbes published the list of Russia’s 200 wealthiest businessmen. The list is topped by retailer Leonid Mikhelson, co-owner of Sibur and Novatek, with $24 billion. Vladimir …

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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 …

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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 …

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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 …

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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 …

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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 …

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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.  …

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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 …

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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 …

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