business in Russia

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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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"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 …

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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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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 …

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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 …

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Syria wants to open trading house in Crimea

Damascus has expressed its desire to open a trading house in Crimea, Russian Presidential Envoy to Crimea Georgy Muradov said. According to the official, Crimean lawmakers intended to discuss bilateral trade with …

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