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Business, investment, economy and law in Russia

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10 Common Mistakes Detected during an Audit

24.05.2016 0 Comments

Practice shows that no audit is completed without detecting errors in the maintenance of accounting and tax accounting and the compiling of financial reporting. Of…

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Putin the Pontiff – Bridge Maker

05.05.2016 1 Comment

The word pontiff derives from the Latin pontifex, which in itself is the combination of pons for bridge and fex (facere) meaning to make. Probably…

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Russia’s reliance on imports has dramatically decreased as its diversified economy has substituted most imports

28.04.2016 3 Comments

The Russian Central Bank is guided (among other considerations) in its inflation expectations by statistics produced by Rosstat (Russia’s governmental statistics agency) concerning the size…

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Oil Scenarios and Economic Development Outlook for Russia

27.04.2016 0 Comments

Oil accounts for some 13% of Russia’s GDP and a considerable larger share of its exports. There are many predictions of how oil prices will…

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Fresh data from the IMF (International Monetary Fund) shows that Russia has retained its place among the World’s largest economies. In the 2015 ranking, it…

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