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According to the Federal law №23-FZ «On Amendments to the Budget Code of the Russian Federation» it is not allowed to provide subsidies and budget investment to foreign legal entities with the place of registration in offshore areas. It is legislated that offshore area is a state or territory, granting privileged tax regimes and do not requiring the disclosure of information in the source of financial transactions. The List of such countries and territories is approved by the Order of the Ministry of Finance of the RF №108n dated 13.11.2007.
Russian education market goes to network
In Russia the system of instruments of monetary policy was formed by the end of 2013 and has not been undergoing significant changes in the following years. Hereafter no changes are also planned. Strategy and instruments of influence on the financial component and country’s economic development the Central Bank of Russia (CB of the RF) has stated in the fundamental document «Main directions of the uniform state monetary policy for 2017 and the period of 2018-2019».
The amendments to the federal laws as of 08.02.1998 №14-FL «On limited liability companies», 08.08.2001 №129-FL «On incorporation of legal entities and sole entrepreneurs», 26.10.2002 №127-FL «On insolvency (bankruptcy)» were introduced by the federal law as of 28.12.2016 №488-FL «On introduction of amendments to certain legislative acts of the Russian Federation».
Information agency Credinform prepared a ranking of product profitability of the largest Russian household electrical appliances manufacturers. The Russian manufacturers (Top-10) with the highest volume of revenue were selected for this ranking according to the data from the Statistical Register for the latest available periods (2015 and 2014).
In July 2016 the amendments to the Criminal Code and the Criminal-Procedural Code of the Russian Federation, which transferred the number of crimes from criminal to administrative offences, were adopted. Among such crimes are: the non-payment of alimony, beatings, petty stealing amounted up to 2 500 RUB. The punishments for bribes and corrupt payment were changed depending on the amount, appearing in the case. Besides, the individuals, who committed the crime for the first time, as well as those, who actively cooperating with the investigation, may be exempted from criminal liability.
Information agency Credinform prepared the ranking of Russian manufacturers of metal pipes. The companies with the highest volume of annual revenue involved in this industry (TOP-10) were selected for the ranking, according to the data from the Statistical Register for the latest available accounting periods (for 2015 and 2014). Then the enterprises were ranked by the asset/liability ratio (Table 1).
New efforts of the Ministry of Economic Development and the Ministry of Industry and Trade of the Russian Federation are aimed to improve the business environment in the short and long term periods.
As of December 19th, 2016 the budget for 2017-2019 became a federal law under number 415-FL named “On the federal budget for 2017 and for a planning period 2018 and 2019”. The budget is made up on the basis of conservative prediction, in particular: assuming average free market oil price amounting to USD 40; annual average dollar rate amounting to RUB 67,5 per USD 1; inflation rate amounting to less than 4% at year-end.
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).