Issue 4279. Last Updated: 11/20/2009

Russia Ranked No. 1 For Economic Crime

By Alex Anishyuk
Of 86 companies surveyed in Russia, 71 of them — 82.5 percent — said they had been subjected to at least one major economic crime in the past 12 months, according to a report released by PricewaterhouseCoopers.

Putin Wants Mortgage Rates Not to Exceed 11%

The Moscow Times
The Mortgage Lending Agency last week put the average fixed mortgage rate in dollars at 14.8 percent, while the average fixed rate in rubles was 18.1 percent.

OECD Upgrades Outlook

Bloomberg
Gross domestic product of the world’s biggest energy producer will expand 4.9 percent in 2010, compared with a June forecast for 3.7 percent growth, the OECD said.

Auto Giants Strengthen Ties

Reuters
Kogogin agreed earlier this year to head a proposed holding company for government stakes in both Kamaz and AvtoVAZ controlled by Russian Technologies — a huge state conglomerate with interests in aviation and defense as well as autos.

Economy Recovery Continues, but Fragile

Reuters
Russia was hit in the second half of 2008 by a slump in oil and commodity prices, investor flight from emerging markets and the global credit crunch.



Court Ruling Shelves Death Penalty

By Alexander Bratersky
While public opinion on the matter remains mixed, the Kremlin and government have both said they do not want executions to resume, and praise flooded in from human rights groups.

CMS announces new Head of Real Estate in Russia

CMS, one of the leading international law firms in Russia, is pleased to announce that Vladislav Sourkov has been appointed as the new Head of Real Estate group in CMS Moscow office as of 1 January 2010.

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  1. Russia Ranked No. 1 For Economic Crime
  2. United Russia Tripped Up in Tax Bill Debacle
  3. Inmates Abuse Suspect in $17M Theft
  4. Medvedev: Road Safety As Urgent As Recession
  5. Licensed to Kill
  6. Central Bank Averts $44M Pension Fund Heist
  7. State Lays Claim to Academic Society
  8. Terrorism on the Roads
  9. Court Ruling Shelves Death Penalty
  10. RusHydro to Manage Dam Alone