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Russian Business and Law News


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24.05.2005 00:00

Inflation rate in May may be as little as 0.6%, predicts the Economic Development Ministry. This is the first month this year that the monthly rate stays lower than the last years one.


24.05.2005 00:00

Traktorniye Zavody company announced its decision to increase its stake in the assets of the Kurgan Machine-Building Plant.


24.05.2005 00:00

The European Bank for Reconstruction and Development promulgated its estimate of economic development for Central and Eastern Europe in 2005. It is alarming for Russia.


24.05.2005 00:00

The Russian Antitrust Service warned that the land for any type of construction will soon be distributed only via tenders.


24.05.2005 00:00

Tourist companies have chewed what they could in Moscow and are now expanding to other promising regions. Capital Tour, reports RBC daily, is about to set up a network of its offices.


23.05.2005 00:00

Wall Street Journal voices widespread concerns over Russian-Chinese amicable partnership in the oil business in view of a possible purchase of a stake in one of Russias oil giants by Chinese corporations.


23.05.2005 00:00

Another IKEA trade centre will soon absorb people from the neighbouring community, this time in the Nyzhny Novgorod Region.


23.05.2005 00:00

The Culture Committee at the State Duma has drawn up an amendment to the Customer Protection Law obliging musicians to inform their audience whether the performance is a live one or the artist is going to lip-synch.


22.05.2005 00:00

The Ministry of Economic Development and Trade defined Gazproms future destiny on May 17. Rosneft faces privatization, with 100% of its shares incorporated into Rosneftegaz authorized capital.


22.05.2005 00:00

Standard & Poors warns that Rosnefts rating may go down as it negotiates an investment to pay off a $3m short-term debt due by the end of the year.


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