Articles by Yevgenia Pismennaya



Insurance Companies Might Inspect Vehicles

A working group under First Deputy Prime Minister Igor Shuvalov has drafted amendments to the bill concerning technical inspection of automobiles that would give the task to authorized service centers designated by a professional association of insurers selling mandatory auto insurance policies.

Vekselberg's Role in Sale Questioned

Renova Group head Viktor Vekselberg acted as an intermediary in the sale of a building on Krasnaya Presnya Ulitsa, buying it from Hungary and selling it to the Russian government for many times more money.

Revised State Forecast Finds $16Bln

The ruble will weaken, oil prices will go up, personal incomes will grow slowly and GDP will freeze Ч but more than 500 billion rubles ($16 billion) will be added to state revenues, according to an updated forecast from the Economic Development Ministry.

'Technopolis' Gets Another $3.5Bln

The 4 billion rubles originally earmarked for the so-called innovation city in Skolkovo was just the beginning. Another 110.5 billion rubles ($3.5 billion) has been set aside for the project.

State to Overhaul Migration Rules

The rules seek to attract foreign experts to work in Russia, part of a drive to modernize the economy.

Levitin Pushes Revival of Road Funds

The Transportation Ministry wants to return to the use of separately administered funds to pay for road construction, but the Finance Ministry opposes the idea, saying it would lead to corruption and be impractical to finance.

Federal Funding to Support Innovative Clusters

The Economic Development Minister will gather plans from regional governments by March 15 to decide on how much money will be allotted from the federal budget for innovative clusters, which are groups of linked enterprises concentrated in a single territory.

Kudrin: Tax Breaks for East Siberian Oil Fields Hurting Budget

A tax break won by the oil industry last year that eliminated export duties for 13 fields in eastern Siberia is taking an unexpectedly high toll on budget revenue and has the Finance Ministry alarmed.

State Holding Could Raise $4Bln in Asset Sell-Off

The state has handed over 443 businesses to Russian Technologies, which has calculated that it has more than 40,000 real estate assets, including some 1,500 that are not involved in firms' core business.

Customs Union May Unleash Flood of Cars

From January to June, Belarussian citizens may import hundreds of thousands of cars to resell in Russia after the borders open.

Dealers Fear Flood of Cars Imported Via Belarus

From January to June, Belarussian citizens may import hundreds of thousands of cars to resell in Russia after the borders are opened, Alexei Tereshchenko, strategy director at the Russian and Belarussian dealership Atlant-M, said Friday.

Kudrin Shifts Bank Support to Industry

Finance Minister Alexei Kudrin said next week the Finance Ministry will submit changes to the 2009 budget to the State Duma that will redirect funds reserved for capitalizing banks through the use of government bonds and state guarantees.

Anti-Crisis Funds Moved From Banks to Industry

Finance Minister Alexei Kudrin said next week the Finance Ministry will submit changes to the 2009 budget to the State Duma that will redirect funds reserved for capitalizing banks through the use of government bonds and state guarantees.

VEB Asks to Sell Shares Bought Last Fall

The National Welfare Fund made a five-year deposit with VEB on Oct. 21, 2008, at 7 percent interest to buy shares as the stock market was plummeting.

VEB Wants to Sell Shares Bought With State Funds

The fund made a five-year deposit with VEB on Oct. 21, 2008, at 7 percent interest to buy shares as the stock market was plummeting.

Kyoto Projects Face Tough Framework

The Economic Development Ministry's decision to approve a project for realizing Article 6 of the Kyoto Protocol will radically change the rules of the game for Russian companies with projects to lower greenhouse gas emissions.

Mevedev Eliminates Economic Zones Agency

President Dmitry Medvedev signed an order Monday eliminating the body, which was created at the initiative of German Gref during his tenure as economic development minister from 2000 to 2007.

State to Resettle Some Single-Industry Towns

Concerned that the situation in 17 single-industry towns could collapse at any time, the government will help resettle residents in such cities that are depressed and diversify the industries of those classified as progressing.

New Outlines for 'Monocities' Established

The Regional Development Ministry has prepared a document, a copy of which was obtained by Vedomosti, spelling out how the state will support cities that are overreliant on one industry.

AvtoVAZ Asks State for More Support

As a result of existing debt, the company is now preparing for mass layoffs; it sent a declaration to the Health and Social Development Ministry announcing that it would lay off 36,000 people by the end of December.

Putin Orders Revision of Olympics Financing

The state corporation model has made it difficult to oversee expenses for Olympics preparations, government sources say, and Prime Minister Vladimir Putin has proposed returning to the previous financing model Ч a federal targeted program.

Government Finds 400 Towns Like Pikalyovo

Under new guidelines, the cities may qualify for a total of $315 million in state aid next year.

Tax Seizure Plan Faces

The Finance Ministry is challenging a Supreme Court proposal that would allow tax officials to collect payments from individuals without a court order, which the ministry says would be in violation of the Constitution and, more generally, wouldnТt work.

No New Mortgage Funds in '09 Budget

In January 2009, AIZhK bought from banks 1,980 mortgages for more than 2 billion rubles ($56 million), according to the agency's monthly report. The Agency for Mortgage Lending works in every region of the country and has capital of 74.4 billion rubles. As of February, the agency had a mortgage portfolio worth 110 billion rubles.