The Russian Satellite Communications Company, a federal satellite operator, has failed to insure all communications space apparatuses of the Express series, as the market’s health is close to critical, Alexander Podchufarov, vice president of insurance company Ingosstrakh, said. “The state of the insurance market is close to critical; only the Russian space industry had $662…
Ukraine’s Prime Minister Volodymyr Groysman has said the Cabinet of Ministers plans to approve the starting price of Odessa port-side chemical plant proposed by the State Property Fund of Ukraine (SPF). “We are now looking forward to proposals from the State Property Fund for the next round of the sale of the object. I believe…
Ukraine needs to build the land market that stimulates the economic development of agriculture, Ukrainian Finance Minister Oleksandr Danyliuk has said. “First we need to decide what the land market will be. Do you think it does not exist? Of course, it does. It exists, but in the way that limits the development of agriculture…
Russia’s Finance Ministry has suggested charging from 2018 or 2019 value-added tax (VAT) on goods purchased in foreign online stores, according to a draft tax policy document. “Keeping in mind experience of charging VAT on content sold in Russia by foreign online floors, amendments to the law on taxes and duties will be proposed from…
The Russian government is considering abolishment of a tax on bond coupon income for households, as follows from a fiscal policy draft for 2017-2019. “The risks of loss of personal savings are higher in case of investments in bonds than the risks in case of savings on banking deposits, where there is a system of…
The Purchasing Managers’ Index (PMI) in the Russian services sector decreased to 53 in September from 53.5 in August, according to a Markit research note. The index remained above the 50 mark signaling an overall stagnation of the sector. “Weaker rises in both new business and unfinished work were reported while job cuts were evident…
Businessman Igor Yusyfov’s Fund Energy, which invests in oil production in Russia and the CIS, believes that Russian state-owned oil major Rosneft may buy the government’s 19.5% stake in itself. This plan will help the government receive 700 billion rubles, while Rosneft may sell the shares for a profit. The plan is “weird,” but it…