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Regions Ranked for Business Climate

kazanBy Anatoly Medetsky

MOSCOW, March 16, 2011 (TMT) - As a place to do business, Tatarstan came in first and Moscow last in a survey of 10 regions released Tuesday.

Conducted by the New Economic School, the survey used World Bank methodology to evaluate business environment.

Read more... Wednesday, 16 March 2011 10:34
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Tourism Industry Has Room to Improve

TourBy Maxim Tovkailo and Yekaterina Kravchenko 

MOSCOW, March 11, 2011 (Vedomosti)Russia came in 59th out of 139 countries worldwide in the World Economic Forum's latest tourism industry ranking. The Travel & Tourism Competitiveness Report put the country 33rd out of 42 countries in Europe, and forecast average annual growth at 6.7 percent.

Read more... Saturday, 12 March 2011 10:31
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Duma Rushes to Ease Rules for Foreigners

By Nikolaus von Twickel

MOSCOW, March 11, 2011 (TMT) - Foreigners coming to Russia for short visits might soon no longer be required to register with authorities.

Legislation currently being debated in the State Duma says they only have to register when they stay longer than seven working days.

Read more... Friday, 11 March 2011 10:29
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Pharmaceutical Firm Joins Kaluga Tax Base

By Irina Filatova

MOSCOW, February 22, 2011 (TMT) - British-Swiss pharmaceutical giant AstraZeneca said that it will invest $150 million in building its first plant in Russia, joining other foreign drugmakers that have started local production in line with the government's strategy to reduce dependency on imports.

Read more... Tuesday, 22 February 2011 14:06
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AmCham Lobbies Against 'Wrong Signal'

sommersMOSCOW, February 21,2011 (Bloomberg) - Russia is sending the "wrong signal" to foreign investors by introducing "exasperating" registration procedures for expatriates at a time when the country is trying to lure more professionals from abroad, the American Chamber of Commerce said.

Read more... Tuesday, 22 February 2011 13:18
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Russia Sees More Billionaires Following Crisis

By Anatoly Medetsky

MOSCOW, February 15, 2011 (TMT) - Vladimir Lisin earned the most among the country's billionaires last year, retaining his top spot in the latest ranking of the richest Russians, released Monday by Finans magazine.

Read more... Wednesday, 16 February 2011 09:30
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Expats in Russia Face Registration Chaos

By Anna Sulimina

MOSCOW, February 10, 2011, (TMN) - Businesses have blasted changes to Russia’s migration rules that prevent firms registering foreign employees from February 15.

Expats will now have to register at their place of residence every time they enter Russia, but many landlords don’t provide formal rental agreements. “The employer is allowed to notify a relevant territorial office of the Federal Migration Service of a foreign citizen’s arrival at a place of actual residence on the basis of a residential property agreement concluded between the employer and the landlord, or between the employee and the landlord,’ part 4 of Federal Law 385 states.

Read more... Thursday, 10 February 2011 11:26
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Low Trust, High Interest Rates Hold Back Growth

By Khristina Narizhnaya

MOSCOW, February 3, 2011 (TMT) - Russia’s elite are the least likely out of 22 nations to trust their country's business institutions. Only 41 percent of those surveyed expressed confidence in businesses, says the Edelman Trust Barometer, which produces an annual report on public trust around the world.

The same survey revealed that developing nations seem to trust Russia more than developed ones.

Read more... Thursday, 03 February 2011 21:41
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