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According to the Federal Law as of 03.04.2017 №59-FZ «On amending Federal Law «On the National Payment System» Chapter 3 of the Federal Law as of 27.06.2011 №161-FZ «On the National Payment System» is supplemented by article 19.1 «Peculiarities of cross-border transfer of funds in case of prohibitions, imposed by a foreign state».
On April 21, 2017 the Central Bank of the Russian Federation (CB of the RF) withdrew from the credit institutions Bank «Obrazovanie» and «FINARS Bank» a license to conduct banking operations and appointed temporary administrations.
According to research results, the majority of Russians don’t rely upon for free comprehensive qualified medical attention from the state, that is why they have to turn to commercial healthcare.
Information agency Credinform has prepared a ranking of the largest Russian enterprises for passenger transportation. The TOP-10 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 periods (2015 and 2014). Enterprises of the rating are ranked by return on assets (Table 1).
Information agency Credinform prepared a ranking of Russian leasing companies. The enterprises with the largest volume of revenue (TOP-10) were selected for the ranking, according to the data from the Statistical Register for the latest available periods (for 2014 and 2015). Then they were ranked by accounts payable turnover (Table 1).
Information Agency Credinform has prepared the ranking of the largest Russian manufacturers of dairy products. The largest enterprises of the industry (TOP-10) in terms of annual revenue were selected according to the data from the Statistical Register for the latest available periods (2015 and 2014). Then the companies were ranged by assets turnover ratio (Table 1).
According to the Directive of the Central Bank of the RF of 16.01.2017 №4265-U «On Amendment to the Directive of the Central Bank of Russia of December 3, 2012 №2923-U «On Disclosure and Presentation of consolidated financial statements by the Parent credit organizations of the banking groups», a parent credit organization of the banking group is obliged to disclose simultaneously with the consolidated interim financial statements for the first 6 months (including statements for 6 months of 2018) audit report on these statements or other document compiled according to auditing standards following the results of the statement`s audit. In cases when audit of consolidated interim financial statements was conducted for three or nine months, these financial statements are disclosed together with the audit report.
According to latest discoveries: in spite of hard-working nature, labor productivity of Russians is catastrophically low. The price that the business pays for it is evident: low profitability and lost profit. What steps will help change the trend that hinders the growth of the domestic economy?
The Federal Service for State Registration, Cadastre and Cartography (Rosreestr) started accepting electronic documents for the state registration of rights on real estate in accordance with the Federal law №218-FL «On state registration of real estate» having come into force since January 1st, 2017.
Government support and informational transparency will help to reduce the cost of credits for small and medium business