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Business, investment, economy and law in Russia

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Doing Business in Russia: Accounting and Audit in Russia – The New Way

21.11.2016 0 Comments

The New Russian Tax Law and Its Development over the Years   Russian statutory accounting rules (RSA – also referred to as Russian Accounting Standards,…

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Personal Data Protection Law: New Challenges in Russia for Storing ERP Database

More than a year has passed since this law entered into force and it is interesting as nobody yet understands how to apply that. Regardless…

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Doing Business in Russia: The New Russian Tax Law and Its Development over the Years

19.09.2016 0 Comments

Oil Scenarios and Economic Development Outlook for Russia Accounting and Audit in Russia – The New Way   Since 1998 the main laws governing taxation…

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The Scientific Essence of Economy — Capitalism and Socialism versus a Democratic Competitive Market Economy

31.08.2016 1 Comment

All economies are competitive market economies The purpose of this essay is to define what should properly be understood as ‘economy’ in the sense of…

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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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Doing Business in Russia: Oil Scenarios and Economic Development Outlook

27.04.2016 0 Comments

Choosing the Right Company Structure Russian Tax Law and Its Development over the Years   Oil accounts for some 13% of Russia’s GDP and a…

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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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Doing Business in Russia: Choosing the Right Company Structure for Your Business

11.04.2016 0 Comments

Practical Aspects of Living and Working in Russia Oil Scenarios and Economic Development Outlook   When entering the Russian market to do business, one of…

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