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breakingnews
12.08.2009, 15:24
Summer sees Russians still taking up their holidays, despite the economic downturn, but less cash going around means there are some slight changes in the way they are heading off this year.
11.08.2009, 23:04
Mobile operator MTS will acquire broadband company Comstar in what the industry calls a ‘quad play’ move, bringing its customers bundled broadband, fixed and mobile communications, as well as content.
11.08.2009, 20:17
2 comments
2Q data showed Russia's economy is contracting rapidly - while other emerging markets are recovering. The President says its time to change the economic structure, while analysts look for more infrastructure spending.
03.04.2009, 12:35
Life for Russia’s small businesses may become easier with the Government about to adopt a lighter taxation system for companies with annual sales below $2 million, and bigger firms access to a simplified 15% tax.
12.10.2009, 12:19
2 comments
Russian President, Dmitry Medvedev, calls for the economy to move from energy reliance in just over a decade and emphasizes that moves to address the economic downturn should limit Russia’s long term plans.
07.05.2009, 22:43
1 comment
The Swine flu outbreak in Mexico has spread to several countries, including the United States and Europe. That forced the Russian authorities to ban meat imports from several countries.
24.12.2009, 19:11
1 comment
2009 has been a tough year for Russian retailers with the economic downturn trimming demand. RT Business spoke with Anton Panteleyev, PR Manager at white good retailer, El Dorado, about the year and the outlook.
10.08.2010, 21:50
1 comment
Russia's Central Bank is introducing a revised version of the 1 thousand rouble banknote, in response to significant amounts of fraud involving the current version.
25.05.2010, 11:43
Fixed line provider, CenterTelecom, has published a FY 2009 net profit of 5.868 billion Roubles under IFRS.
04.05.2010, 11:15
The Russian advertising sector is showing signs of a turnaround after taking a battering during the economic downturn.
Published: 12 August, 2009, 22:42
Beer drinkers are facing a sharp price rise, with the government planning to triple excises. But brewers saying higher duties could drive beer lovers to stronger drinks.
It would have been more informative if there was input from a public health source in addition to an industry source, and if you indicated what the current excise tax is on beer, which is going to be trebled. For example, here in Massachusetts we have just increased the beer tax approximately 15 times. You might think people would be flying to St. Petersburg during the next four months to get their beer at the lower rate. However, is it lower? Up until the first of this month we paid 1 cent excise tax on a 12 oz can of beer! We're going to be paying a 6.25% sales tax now in addition to the penny excise. Cities will be allowed to add 0.75% to that for their own uses, so it's going to be 7%. An average can of beer at a package store here is about $2.00, so in addition to the 1 cent excise, we will pay 14 cents sales tax. Responsible Beer Drinkers For Fair Taxation forced the change.