August 2012, Vol. 7, No. 7
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The new guardian angel of Russian businesses owners
By appointing a business ombudsman, the Kremlin has taken a giant step towards ending the inhuman nightmares frequently faced by business owners seen by corrupt bureaucrats as a “cash cow” that can be milked ruthlessly and continuously for personal use. The choice of Boris Titov, a successful entrepreneur and a veteran business lobbyist, as the head of the Delovaya Rossiya business association, who is also on good terms with both the president and prime minster, will, certainly, add more weight to this post. This is the type of reaction that TRCW expects from the Kremlin on all business issues … |
New privatization arouses the ugly ghosts from failed wild 1990s policiesThe promise to make the second wave of privatisation “a much fairer policy in all its ramifications” is meant to finally lay to rest the roving ghosts from the 1990s... |
Kremlin seeking for the best dividends payment formula for state companiesKremlin’s proposed measures to impose civilized dividend policies on state companies are expected to radically change the current negative practice of dismal dividend payments... |
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Investors brainstorm over the potential and attractiveness of the Russian economyExperts highlight Russia's key economic potential and major problems, notably, bad reputation and other negative stereotypes, blocking foreign investments into the country... |
Russia and China lay economic foundation for future mutual investmentsThe authors of the fund said they will focus its key activities on further advancing the ongoing bilateral economic, trade and investment relations between Russia and China... |
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Leading healthy nutrition experts focus on dietary supplements standardization in RussiaExperts say adoption of clearer standards will help introduce uniform and transparent rules for all players on the rapidly growing Russian food additives market... |
Business ombudsman: the new guardian of Russian entrepreneursRussia's first business guardian angel highlights his strategies to protect companies' owners and investors from illegal actions by the state and its representatives... |
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AmCham expresses support for U.S. Senate's decision to grant Russia a PNTR statusAmCham has led high level delegations to Washington and also hosted roundtables for U.S. delegates in Moscow to highlight U.S. firms' gains from PNTR with Russia... |
Innovative development of Russian economy is a fiscal policy priority for the governmentThe ultimate goal is to provide Russia a worthy place in the international division of labor, including, as holder of intellectual properties ownership rights... |
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CC upholds the constitutionality of WTO Accord and its compliance to local lawsSpecifically, the Constitutional Court ruled that the WTO Protocol signed by the Kremlin does not violate Russians’ rights and freedoms nor threatens the country’s sovereignty... |
Audit Chamber seeks creation of a special council to oversee state contracts policySuch a council has become necessary in connection with the removal of public control from the bill on public procurement rules... |
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Companies incorporation via mobile phone devices in Russia to begin in the fallThe online service allowing companies to be incorporated via the Internet using mobile devices would be launched this autumn in accordance with the prime minister’s order... |
The Customs Union troika devises mechanisms to protect market against unfair competitionThe document that takes into account all areas regulating access to our market will use new arsenal of tools to protect the three countries' markets... |
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Oversight agency calls for harsher penalties for food technical requirements violationsRussia needs to significantly increase the financial responsibility, so that firms "can no longer pay their way out” as the current fines are merely symbolic... |
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