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On Russian Labor Market in January-February 2010
02 march 2010
Starting with October 2009 the situation on the Russian labor market has been worsening. In January 2010 the unemployment (according to the International Labor Organization methodology) went up to 6.841 million of people as contrasted with 6.173 million of people in December 2009, the unemployment norm increasing up to 9.2% of the economic active population versus 8.2%.
World Trade Volume Drops by Record-Breaking 12% in 2009
25 february 2010
As compared with the previous year in 2009 the world trade volume dropped by 12%. Such a fall in the world trade turnover has been an extreme since 1945.
Bank of Russia announced new reduction of refinancing rate
19 february 2010
On February 19, 2010 the Bank of Russia has announced that starting with February 24 the refinancing rate is again reduced fr om 8.75% to 8.5% per annum.
Customs Union - difficulties for importers
26 january 2010
With the establishment of the Customs Union, some importers had trouble with the import of goods to the territory of the Russian Federation. Before the New Year there were a lot of discussions on the emergence of the new customs tariffs, and nobody paid attention to the expanded list of licensed goods.
On industrial production in 2009
25 january 2010
Index of industrial production in 2009 as compared with 2008 has amounted to 89.2%.
RF Budget Deficit in 2009 amounted to 5.9% of GDP
20 january 2010
According to tentative estimates of the RF Ministry of Finance, the RF budget deficit on the basis of 2009 amounted to RUR 2.3261 trillion, or about 5.9% of GDP.
The RF Ministry of Finance relates prospects for raising the efficiency of budgetary expenditures through BOR mechanisms
19 january 2010
Recently Vice-Prime-Minister of Finance Alexei Kudrin has informed Prime Minister Vladimir Putin on the development of instruments to improve the efficiency of budgetary expenditures.
Assessment of Russia's balance of payments for 2009
14 january 2010
On January 13, the Bank of Russia has published the assessment of balance of payments for 2009. In accordance with the published information, the surplus current account balance has decreased in comparison with 2008 by 54% and amounted to 47.5 billion dollars.
New reduction of refinancing rate
25 december 2009
On December 25, 2009 the Bank of Russia has announced that since December 28 the refinancing rate is again declined from 9% to 8,75% per annum.
The Bank of Russia has extended the effect of the Regulation on assessment of credit risk on loans
14 december 2009
On December 14, the Bank of Russia has informed of the extension of the Bank of Russia Regulation No. 2156-Y, issued on December 23, 2008 "On Assessment Specifics Of Credit Risk On the Loans, Lending and Eligible Debts" until June 30, 2010.
How many employees can be hired by an individual patent holder?
08 december 2009
At first glance, the answer to this question is simple. Federal Law № 155-FZ of 22.07.2008 "On Amendments to Part Two of the Russian Federation Tax Code", Article 346.25.1 of the RF Tax Code was amended by Paragraphs 2.1 and 2.2.
Commercial Education Services – Dirty Pool
07 december 2009
Recently in Russia, presentations, trainings, seminars and other short-term educational programs aimed at the needs of business and economic entities in Vocational Education are very popular.
Inflation Acceleration in Russia
04 december 2009
In November 2009, the inflation rate in Russia has reached 0.3%.
Possible Establishment of Beneficial Rates for Simplified Tax System (STS)
02 december 2009
Currently, the State Duma is reviewing a draft federal law No. 237438-5 «On Amendments to Article 346.20 of the Second Part of the Russian Federation Tax Code" submitted by the State Duma of the Stavropol Region as far back as on 27 July 2009.
Another reduction of refinancing rate
24 november 2009
On November 24, 2009 the Bank of Russia has announced that from November 25, the refinancing rate is reduced again, from 9.5 to 9% per annum.
The State Duma has approved a draft federal budget for 2010–2012
23 november 2009
In November, Deputies of the RF State Duma have reviewed and approved the draft Law "On The Federal Budget for 2010 and the Estimated Period of 2011 and 2012" in the second and third reading.