The Monistry of Taxation of the RF stresses that in carrying out control measures regarding credit organizations it strictly follows the rule of confidentiality of taxation and bank information

Revenues of the federal budget for the 1st semester of 2004 amount RUR 197 bln more than was preplanned

Maritime Territory that itself used to be the most problematic region as far as energy supply is concerned, today is ready to sell electricity to China, the BBC informs.

Russian Federal Property Fund has started accepting applications for participation in the auction on selling state-owned shares in the oil company LUKoil.

In optimistic version of economy development the CB forecasts the free market price for oil at the rate of $31 per barrel and that for gas at the rate of $123 per thousand cubic meters

Under the contract the World Bank will lend credits at 5 per cent per annum to Russian medium- and small-sized enterprises.

Investment potential of Russia greatly exceeds the level of investments now received by the country.

The Kommersant newspaper informs that yesterday the head of the Federal Insurance Supervision Service Ilya Lomakin-Rumyantsev signed the order on withdrawal of licenses of 142 insurance companies for their non-conformity with the requirements to stock capital.

The representatives of advertising community are afraid that the new tax regime will cause considerable change in prices for outdoor advertising and lead to re-allotment of considerable part of advisers’ budgets for the benefit of other market niches

As far as GDP growth is concerned Russia drawn ahead of all developed countries in the 1st quarter of 2004. As compared to the same period of 2003 the growth made 7,4 per cent.