Jakarta pledges $5bn to Indonesian sovereign wealth fund

The authorities in Jakarta are getting set to sink just over $5bn in the new Indonesian…

Russia and India rise up World Bank rankings but regional hubs win the day

Russia and India have emerged as two of the biggest winners in the World Bank’s latest…

New Russian credit ratings laws prompts Moody’s to shut up shop

Moscow’s decision to  introduce new Russian credit ratings laws  prompted Moody’s to announce yesterday that it is…

Central Asian countries shamed in 2015 Corruption Perceptions Index

This year’s Corruption Perceptions Index (CPI)  Transparency International does not make pretty reading for the politicians and citizens…

Russian re-registration law adds to German business exodus

Russian re-registration law: More than 400 German companies  pulled out of Russia last year, according to the…

ADB moves to support Tajik investment climate as remittances dwindle

Tajik investment: The Asian Development Bank (ADB) has allocated $69m to Tajikistan to support the investment…

Retailers warn of disruption from Russian road levy

Russian road levy: Russian retailers have warned that the introduction of a new federal levy on…

New Russian law sanctions retaliatory seizure of foreign assets

Seizure of foreign assets: Russia’s upper chamber of parliament has approved a bill which gives its courts the power…

Georgia top Eurasian country in WB Doing Business 2016 rankings

Georgia has the most conducive business environment in Eurasia, according to the World Bank’s Doing Business 2016…

Azeri satellites exempted from property tax in bid to boost telecoms sector

Azeri satellites: Draft amendments to the country’s tax code have been put forward to Parliament as…

Russia’s unpredictable lawmaking scaring off investors, claims FIAC

FIAC: Russia’s unpredictable lawmaking procedures are undermining Russia’s ability to attract foreign investors, according to Ernst…

Egmont Media restructures to comply with new media law

The Danish publishing company Egmont Media Group has announced that it is to transfer its Russian magazine…

Sberbank among first to use new Russian bankruptcy law

Russian bankruptcy law: Russia’s  courts are bracing themselves for a flood of bankruptcy case being bought by…

Russia climbs up WEF competitiveness rankings

Russia has climbed up 8 places to 45th place in this year’s WEF competitiveness rankings  published this week,…

CTC Media sells out to Usmanov

Russia’s new law limiting foreign ownership of media companies to 20% has prompted the US-based CTC…

Finance Ministry explores ways of raising Russian oil tax

Russian oil tax: The Russian Finance Ministry is rumoured to be considering introducing a new mechanism for…

Apple signs storage deal in compliance with new law

 Apple has entered into a partnership with the Moscow-based data center operator IXcellerate that will see  the…

Russian watchdog slaps ban on Western washing powders

Russia’s consumer-safety watchdog Rospotrebnadzor this week announced that it was slapping a ban on the sale…

Rosatom offers Google storage beside nuclear power plant

With Russia’s new personal data law obliging ISPs and social media sites to hold data about…

Duma approves 70-year free port status for Vladivostok

The Russian State Duma has passed a bill on granting Vladivostok free port status for at least the next…

Nazarbayev spells out ‘100 concrete steps’ for Kazakh institutional reform

President Nursultan Nazarbayev  yesterday published the 100 concrete steps he believes Kazakhstan must take if it is…

Vladivostok free port status worth over $1bn and 50 ,000 jobs, claims mayor

Vladivostok free port: If Vladivostok is granted free port status this summer, the Far Eastern port stands…

Re-registration deadline looms for Russian branch and representative offices

Re-registration deadline: Representative and branch offices of foreign companies working in Russia are in a race against time to re-register with…

Moscow approves two-year tax holiday for business start-ups

Moscow approves two-year tax holiday: The authorities in Moscow are to take advantage of  legislation introduced late…