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. Last Updated: 07/27/2016

09/19/2013

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Business Ombudsman Proposes Amnesty for Migrants

Amid rising anti-migrant sentiment and calls to introduce strict rules for migrants from Central Asian countries, business ombudsman Boris Titov has come up with an unexpected proposal: granting illegal migrant workers an amnesty.

Eco-Consciousness Growing, One Package at a Time

Russian consumers have more interest and demand for environmentally friendly packaging than their counterparts in some developed countries, but still are ranked at the bottom among 11 large consumer markets in terms of actual recycling activity.

IT, Retail Executives Make It to the Top of Russian Business Leaders

Business in Russia is still largely dependent on the government, and state companies have traditionally dominated the ranking.

Duma Passes Science Reform Bill in Final Reading

Federal lawmakers on Wednesday passed a controversial bill reforming the Russian Academy of Sciences in second and third readings while hundreds of people, including academy members, protested in front of the State Duma building.

QIWI to Float Shares

Reuters
Russian payment transfer company QIWI said Wednesday that it had filed a request with the U.S. Securities and Exchange Commission to float almost 8.2 million shares already owned by its stakeholders.

Highland Gold Profit Down

Reuters
Gold miner Highland Gold said Wednesday that first-half net profit fell by almost 65 percent year on year to $17 million due to a steep fall in the gold price.

Exillon Sale Eyed

Reuters
Russian oil producer Exillon Energy said it might sell the company, two months after its founder, Kazakh businessman Maksat Arip, made an initial approach.

U.S. Senators Seek to Penalize Russian Banks Funding Assad

The Moscow Times
A group of U.S. senators have sent a letter to the U.S. Treasury asking for tough sanctions to be placed on Russian banks that they suspect of helping to fund the Syrian government's war effort.

EBRD, AEB to Launch Energy Efficiency Labels

New labels displaying energy efficiency information will start appearing on appliances and building materials sold in Russia by the end of the year, experts said at a news conference organized by the Association of European Businesses, on AEB, on Wednesday.

Economic Slowdown and Putin's Promises Take Toll on Budget

Reuters
The Russian budget's dependence on fickle oil and gas prices is set to remain high, as the country will be forced to borrow more in response to an unexpectedly severe economic slowdown.

Americans, Europeans Oppose Syria Intervention, Poll Says

Reuters
A majority of Europeans and Americans strongly oppose their countries intervening militarily in Syria's 30-month-old civil war, according to a transatlantic poll published Wednesday.

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