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Banking In Russia
Russian banking sector these days consists of a number of major retail banks, both state-owned and privately held, as well as several smaller banks. In this article we will guide you through the process of opening a bank account in Russia.


Keeping the Mobile Number For 100 Rubles
State Duma deputies intend to set the maximum fee of 100 rubles in their bill on keeping the mobile number with the change of the operator, this fee will count as the commission for such an operation, according to the words of the Vice-Speaker of the State Duma, one of the authors of the bill, Sergei Zheleznyak.
The Press Will Lose Five Percent Of Their Income
Print and online media will lose about 4-5 percent of their annual income in case of a total ban on alcohol and tobacco advertising.
Breweries Were Warned About the Termination Of Their Work
Breweries will not be able to produce their products legally beginning from January 1, 2013, as far as Federal Service for Alcohol Market Regulation has not prepared any order regulating the installation of meters that would control output volumes.
New Broadcasting Station In Samara
New eco-friendly broadcasting station will have been built in Samara by the beginning of the 2018 FIFA World Cup.
Clint Eastwood Movie is not Going on General Release in Russia
The film Trouble with the Curve starring Clint Eastwood in the leading role is not going to be on release in Russia, since domestic film distributors have considered the film plot to be too American.
Apple to have third distributor in Russia to increase its supplies
Apple is planning to have the third distributor in Russia. The company is negotiating with OCS Distribution, which is a part of National Computer Corporation.
Public and nonpublic entities to improve investment climate in Russia
Joint stock companies (OAO), closed joint stock companies (ZAO) and additional liability companies as types of business entities are to be turned into public and non-public entities in Russia.
The largest pharmacy net in Russia to launch a discounter net
The pharmacy net 36.6 is to rebrand half of its shops under the name Aptechnyy Sklad (Pharmacy Store).
Samsung to open brand zone in Euroset
Samsung is to open its brand departments at salons of mobile retailer Euroset. Samsung will sell its mobile phones, smart phones and pads there.
EBRD and RDIF Acquires Shares of MICEX-RTS exchange
European bank of Reconstruction and Development and the the Russian Direct Investment Fund have agreed to purchase 6329 and 1.25 % shares of Russias MICEX RTS stock exchange.
The Territory of St. Petersburg Economic Forum to be built up with apartments
The territory of the complex Lenexpo, which traditionally hosts St. Petersburg Internatinal Economic Forum, will be built up with a shopping center, a hotel and apartments.
$800 Million To be Invested in Milk Production in Russia
A foreign investor may invest $800 million into milk production and processing in Russia. The deal may be announced next week.
Alfa Group aims to get leading positions in Russian cinema business
A1, the key investment division of Russian consortium Alfa Group, has purchased a 55.66% stake in cinema chain Formula Kino.
CBR: Russias external debt grew $50 bln in 2011
The external debt of the Russian Federation grew to $538.9 bln as of January 1, 2012 from $482.98 bln as of January 1, 2011, preliminary CBR data showed.
Sistema has Acquired First Cavalry Army Stud Farm
Sistema JSFC has won an open auction to have the right to acquire a 100% stake in OJSC First Cavalry Army Stud Farm from the State for RUB 303 million.
VTB acquired 20 % of the largest iron ore producer
The state bank VTB has acquired 20 % shares of the holding Metalloinvest from the businessman Vasiliy Anisimov and has become a partner of the Russian oligarch Alisher Usmanov.
Mikhail Fridman to Invest $1 bn into US Real Instate
Russian billionaire Mikhail Fridman is going to invest up to $1 billion in properties on the east coast of the United States.
Russian Standard Corporation has acquired Italian wine house
Russian Standard Corporation, owned by Rustam Tariko, has acquired 70 % stake of Italian wine house Gancia, reports The Kommersant. The sides have not disclosed the deal details, at that some experts estimate the sum of the deal in 150 -180 million Euro.
Lack of Motivation Costs Russia $ 228 Billion a Year
Lack of motivation at work results in $ 228 billion loss for Russian business, says research of AXES Management, the Russian partner of consulting company Aon Hewitt.

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