The Ministry of economic development proposes to allow business owners to pay the debt after the liquidation of their companies. Partly this is caused by Western sanctions
Photo: Natalia Seliverstova / RIA Novosti
Business owners should be allowed to pay the debt of their companies after their liquidation. This measure is included in the “Transformation business climate” (TDK) — a plan to improve the business environment, which drafted the Ministry of economic development together with business and experts.
RBC got acquainted with the materials of the MAYOR.
The measure for the payment of debt after the liquidation of the companies were included in “white list” of proposals TDK. This means that it did not cause controversy officials and entrepreneurs.
“In the event of liquidation of the legal entity in the presence of debt, the owner of the company is limited to the ability to start a new business despite the fact that, firstly, business failure occurs often enough (level “survival” of new businesses in the three-year period, according to various estimates, 30-50%), and secondly, the closing of the company debt may be due to force majeure (for example, the results of the sanctions policy by the foreign state)”, — is spoken in materials of the Ministry.
Simplification of inspections and reduction of reporting and reducing the administrative burden — these are the first selected officials and business measures to improve the business climate. However, fundamental changes, they do not, experts believe
Photo: Kirill Kallinikov / RIA Novosti
The Ministry of economic development decided on the tools to improve conditions for doing business in Russia — the Ministry has prepared a first package of measures in the framework of the plan “Transformation of the business climate” (TDK). The package came in about a hundred initiatives from several hundred suggested by the business. RBC got acquainted with the materials of the Ministry.
Some of these initiatives tabled a government sub-Commission for the sustainable development of economy under the leadership of the head of the Ministry Maxim Oreshkin, confirmed RBC representative of the MAYOR. Subcommittee meeting will be held on Monday, October 15.
Attempt to affect the climate
The focus of the financial representatives of the twenty paid to the risks associated with a sharp deterioration of the situation in developing countries. The occurrence of such problems, as decided by Ministers, it is more likely than the beginning of a trade war
(Photo: Alexey Filippov / RIA Novosti)
On the sidelines of the meeting of the world Bank group and the International monetary Fund (IMF) representatives of the financial G20 discussed risks to the global economy. Most likely, according to Deputy Finance Minister Sergei Storchak, they considered the threat of a sharp deterioration in the economies of developing countries. The official told reporters on the sidelines of the meeting of the IMF and the world Bank, reports TASS. Meeting of Finance Ministers and Central Bank governors of the G20 took place in the framework of this event on October 11-12 in Bali in Nusa Dua.
“[The discussion of the financial “twenty”] was not the risks associated with protectionism and trade wars, and the threat of a sharp deterioration of the situation in developing countries,” — said Storchak. Many, he said, saw the danger that “because of the clearly manifested trends of increased cost of borrowings for these States, due to the strengthening of the dollar against the currencies of these countries and due to internal problems in a number of countries, with the growing populist tendencies, there are prospects of falling growth rate in their economies.” “It is more probable risks than a trade war,” — said the Deputy Minister.
In General, the overall message of the meeting “financial twenty”, according to Storchak, was the fact that the global economy is in “good condition at such high pace” of economic growth. These figures, according to the Russian official, above the average for many years.
Russia, contrary to WTO rules interfere with U.S. companies in its market, which leads to a decline in the quality of goods, the American trade Association. The U.S. government actively introduce other trade barriers indicated by the experts
Photo: Rick Wilking / Reuters
A number of trade rules on the Russian market creates obstacles for American companies, contrary to the WTO rules and other international agreements, says U.S.-Russia business Council (USRBC) in the comments for the annual report of the U.S. trade representative to Congress. Comments published on the website of ARDS, and the report of the U.S. trade representative on compliance with Russia’s commitments to the WTO will be ready by December. ARDS is based in Washington and represents the interests of American and Russian companies in the sphere of bilateral relations. RBC sent a request to the Ministry of economic development, which oversees the activities of Russia in the WTO.
“Made in Russia”
The Russian authorities took a course on localization of production, but in order for foreign investors to obtain from the Ministry the status of the Russian manufacturer, it is necessary to conclude with the authorities of the special investment contract (SPIC), resembles ARDS. Spetsinvestproject not only provides benefits (e.g. tax benefits), but also sets tough targets (volume of production, number of jobs, percentage of foreign components, etc.). In 2017, the Russian government has tightened the criteria of localization, so for many foreign investors additional requirements outweigh the benefits and preferences, according to the ARDS. For example, sometimes require the export of up to 50% of production, according to the organization, and it is “unrealistic and commercially impracticable”.
The Minister of economy of Abkhazia considers it necessary to agreement with Russia about the use of the ruble as means of payment. The representative of the Russian government called the situation complex
Cafe in Sukhumi
(Photo: Valery sharifulin / TASS)
The Minister of economy of Abkhazia Adgur Ardzinba during the meeting, the Abkhazian-Russian business forum in Sukhum lamented the fact that his country is still no agreement with Russia about the use of the ruble as means of payment. In conditions when the region is no exit on the Russian financial market, this leads to a sharp liquidity shortage and limits the development of the economy, informs the Agency “RIA Novosti”.
“We need to do something because there is a world practice to the use of currency was not fixed in separate agreements,” said Ardzinba.
The Bank of Russia does not intend to limit international reserves increased $500 billion In the regulator explained that the emergence of fiscal rules
(Photo: Ekaterina Chesnokova / RIA Novosti)
First Deputy Chairman of the Bank of Russia Ksenia Yudaeva said that if earlier the Bank of Russia was the benchmark to increase international reserves to $500 billion, now this guideline has lost relevance, informs the Agency “RIA Novosti”. According to her, this is due to a budget rule.
“Principal reserve accumulation go under the budget rules, and if the fiscal rule will require a collect more than $500 billion, that is more than $500 billion Because it is a question of following a rule,” explained Yudaeva.
As of 5 October, the international reserves of the Central Bank reached $459,2 billion In may last year, the head of the Bank of Russia Elvira Nabiullina said that the replenishment of the reserves is possible with the achievement of the inflation target of 4%.
Direct investments of nonresidents in the Russian Corporation in the third quarter of 2018 decreased by $6 billion, said the Central Bank. This is a record decline, economists paid attention to the HSE and associate it with sanctions and de-offshorization
Photo: Vladislav Shatilo / RBC
The financial assets of foreigners in the Russian private sector “declined sharply” in the third quarter of 2018 — this was mainly due to a record decline in foreign direct investment, says a leading expert of the Center of the HSE Sergey Pukhov in the overview “Comments about the state and business”, released on 12 October (there RBC). Talking about cutting $6 billion of direct investments of nonresidents in the Russian non-banking companies — such preliminary data this week published a TSB (.xls). “Never before in the history of the balance of payments”, — said Pukhov.
Data of the Central Bank on the balance of payments, the collected RBC, do show that this is a record since 1994, the quarterly reduction of foreign direct investment (the previous record — a reduction of $4.8 billion — was recorded in the fourth quarter of 2005). In addition, this is the first reduction since the second quarter of 2015. For the first half of 2018 direct investments of non-residents in the private non-financial sector grew by almost $8.5 billion
“Because of the sanctions, American investors should get rid of stock and debt instruments of En+, Rusal and GAZ group [Oleg Deripaska]. Viktor Vekselberg, who fell under the sanctions, Oleg Deripaska, is changing the ownership structure of the Russian holding structures” — provides an explanation of the expert of Economics.
The International energy Agency believe that high oil prices may persist in the near future, and it will become a threat to global economic growth
Photo: Nick Oxford / Reuters
The international energy Agency lowered the forecast of oil demand this year and in subsequent years due to the increasing threats to global economic growth. At the same time, the IEA warned that the reduction of the reserve supply of oil to maintain high prices. About it it is spoken in research of the Agency entitled “the Future of the petrochemical industry”, excerpts from this document are listed on the IEA website.
Its estimate of growth in global oil demand in 2018 and 2019, the IEA compared to the previous forecast has reduced by about 110 thousand barrels per day. Thus, growth under assumptions of experts, this year will be 1.3 million, and 1.4 million barrels per day.
The cost of energy part of the plan is not specified. The document identified 11 of the Federal projects on upgrading and expanding transport and energy infrastructure in the next six years
Photo: Alexey kudenko / RIA Novosti
The Cabinet approved a comprehensive plan for the modernization and expansion of trunk infrastructure for the next six years. The relevant document published on the official website of the government.
The plan is divided into two parts — transport and energy. Only included 11 of the Federal projects, nine of them relate to transport infrastructure, and the remaining two focused on energy. Projects worked Minekonomrazvitija, transport Ministry, energy Ministry and other bodies and organizations.
“The priority of the transport part of the comprehensive plan is an innovative transformation of the industry infrastructure construction. For these purposes it is planned the introduction and wide application of advanced technologies and best practices, digitization in the transport industry and logistics processes,” — stated in the certificate to the document.
The world Bank for the first time, calculated the human capital index, which reflects the level of productivity of young people. Although Russia has occupied 34-e a place, its results in terms of survival adults one of the worst
Photo: Roman Pimenov / inter / TASS
The share of 15-year-olds, which will live up to 60 years lower in Russia than in Kazakhstan, Mongolia or Ethiopia, the world Bank appreciated. The organization’s experts for the first time, calculated the human capital Index — an indicator that can help to “measure the human capital that a child born today can expect to save up to their 18th birthday” (one of the components of the index was the survival rate). Indicator by which economists estimated 157 countries, “reflects the level of productivity a new generation of workers in comparison with the reference level of education and full health”.
The five components
The HAI is calculated at the end of 2017, consists of five separate indicators: the probability of child survival to five years; expected years of schooling of children at school; assessment by a single exam (data harmonized for comparability across countries) as an indicator of the quality of education; the survival rate of the adult population (the proportion of the population aged 15 years surviving to 60 years); the percentage of children without developmental delays.