Search Results for: OSC
European Commission unveils draft legislation to tackle corporate tax avoidance
March 19th, 2015
The European Commission today presented a package of tax transparency measures as part of its ambitious agenda to tackle corporate tax avoidance and harmful tax competition in the EU. A key element of this Tax Transparency Package is a proposal to ...
Predicting the Future With Russia’s Economic Nostradamus, Mikhail Dmitriyev
March 19th, 2015
Mikhail Dmitriyev, president of the New Economic Growth consultancy, is often described as “Russia’s top brain.” He studied in Leningrad in the ’80s and took part in economics discussion clubs with the people who transformed Russia into a market economy, including Anatoly Chubais, the architect of Russia’s privatization ...
Russia Deposit Fight Sees Foreign Banks Seeking New Clients
March 19th, 2015
Oksana Semenikhina, a customer of Citigroup Inc.’s Russian unit for the past decade, got an offer from the lender this year that she couldn’t pass up. “They offered to open a ruble term deposit for me at 9 percent ...
Greek PM seeks meeting with top EU leaders as cash crunch deepens
March 17th, 2015
Greek Prime Minister Alexis Tsipras has requested a meeting with top European leaders including German Chancellor Angela Merkel at this week’s EU summit, a Greek official said on Tuesday, as his cash-strapped government scrambles to stave off bankruptcy. As ...
China and Middle East will drive oil demand: OPEC
March 16th, 2015
Almost half of this year’s oil demand growth is likely to come from China and the Middle East, the Organization of the Petroleum Exporting Countries (OPEC) said Monday. In its monthly report, Opec forecast that global oil demand growth ...
Hungary Angles to Save Russian Nuclear Plant Deal From EU Opposition
March 16th, 2015
Hungary expects to wrap up talks with the European Union soon about a fuel supply deal for the country’s Paks nuclear plant, the government said Friday, adding that the EU’s concerns do not block a planned expansion of the ...
The Central Bank of Russia Press release regarding Key Rate
March 13th, 2015
On 13 March 2015, the Bank of Russia Board of Directors decided to reduce the key rate from 15.00 to 14.00 percent per annum taking into account that the balance of risks is still shifted towards a more significant cooling of the economy. This decision will contribute to the reduction of these ...
Botched Law Could Close Hundreds of Foreign Firms’ Rep Offices in Russia
March 11th, 2015
Representative and branch offices of foreign companies working in Russia are in a race against time to re-register with the authorities or lose their license to operate in the country. The re-registration was intended to streamline bureaucracy for foreign firms, but organizational failures and lack of proper warning have left companies scrambling ...
Strongest Dollar in 12 Years Sinks Stocks While Oil Slips
March 11th, 2015
The strongest dollar in nearly 12 years versus the euro and the specter of higher U.S. interest rates fueled a selloff in global equities that sent the Standard & Poor’s 500 Index down the most since Jan. 5. Oil ...
Russia Looks to Squeeze More Tax From Google — Report
March 9th, 2015
Russia is considering a move to raise taxes on international Internet company Google, business daily Vedomosti reported Friday citing unnamed government sources. The issue was discussed at a meeting initiated by former Communications Minister and Kremlin aide Igor Shchyogolyev and attended by officials from the Kremlin and the Communications Ministry ...
