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Information agency Credinform represents the ranking of the largest Russian enterprises of mining and manufacturing industries. The companies with the highest volume of revenue were selected for the ranking, according to the data from the Statistical Register for the latest available accounting period (for 2015 and 2014), which are involved in the industrial production of intermediate and end products (TOP-10), except for energy companies. Then they were ranked by the solvency index GLOBAS-i® (Table 1).
According to the order of the Russian Federal Treasury №17n as of 05.09.2016, new amount of own funds of banks applying for keeping of the federal budget resources is specified.
For the first time in four years January currency bidding on the Russian market started with the ruble appreciation. Growth of the national currency rate continues on the backwards of the oil prices recovery and keeping demand of foreign investors for ruble assets.
Starting from January 1, 2017 changes in legislation including laws, regulating the relations in economy, came into force.
Information agency Credinform prepared a ranking of profitability of services of the Russian debt collection agencies.
The Federal Law of 19.12.2016 №436-FL «On Amendment to Article 299 of the Criminal Code of the Russian Federation and Article 151 of the Criminal Procedure Code of the Russian Federation» was signed by the President of Russia.
The Ministry of Finance has repeatedly addressed the issuue of the fiscal devaluation in 2016. New proposals for the tax system are focused on decrease in direct taxes and fees, first of all, social taxes and increase in indirect taxes – VAT and excise duties.
Information Agency Credinform has prepared the ranking of the largest Russian agencies for operating with real estate by assets turnover ratio.
In our article as of 25.04.2016 “New Debt Collection Regulations Introduced in Russia” we particularized the history of the bill. Over the past period the law has been passed and endorsed by the President of the RF on July 3, 2016. The Federal law №230-FL "About protection of the rights and legitimate interests of physical persons when implementing activities for return of the overdue debt and about introduction of amendments to the Federal law "About Microfinancial Activities and the Microfinancial Organizations" will come into force since January 1, 2017.
The problem with the return of debts of legal and natural persons has prospects to be solved already in the near future. For fighting against debtors the banks resorted extensively to the services of collection agencies for some time ago, for what they were criticized by their customers and attracted the attention of law enforcement bodies. In case of default on obligations or their improper performance by a debtor the parties concerned went to court.