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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 0 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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RUSSIA STILL WORLD’S SIXTH LARGEST ECONOMY

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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