21:13
RUSSIAN CABINET READIES TAX EXEMPTIONS FOR DEFENSE-INDUSTRY COMPLEX
The Russian cabinet is drafting 50 amendments to the Tax Code as regards taxation of defense-industrial complex enterprises, Vice-Premier Ilya Klebanov told journalists More details...

20:40
ITALY BELIEVES RUSSIA MAY JOIN WTO AS EARLY AS IN 6 MONTHS
On Tuesday, an Italian deputy minister on productive activities, opined at a seminar devoted to economic cooperation between Italy and Russia that Russia might become a World Trade Organization member as early as in 6 months More details...

20:23
PRESIDENT PUTIN FOR ELABORATING A PROGRAMME OF FITTING DEFENSE-INDUSTRIAL COMPLEX INTO MARKET-ECONOMY
Vladimir Putin has spoken out in favour of elaborating a programme of integrating the country's defense-industrial complex into the market economy More details...

19:18
SUB DESIGNER SINGLES OUT TWO PROBABLE VERSIONS OF KURSK CATASTROPHE
On Tuesday, Igor Spassky, general designer with the Central Design Bureau "Rubin", said at a press conference that he was considering two probable versions of the "Kursk" submarine catastrophe: torpedo launcher's exposure to external influence and malfunction of a torpedo itself More details...

19:09
RUSSIA, HUNGARY TO SET UP MIXED ECONOMIC, CULTURAL COMMITTEES
Following Russian-Hungarian parliamentary talks, Duma Speaker Gennady Seleznyov and National Assembly head Janos Ader appeared before newsmen to declare themselves in favour of wider inter-parliamentary contacts between the two countries More details...

19:00
VLADIMIR PUTIN SETS GOALS BEFORE DEFENSE-INDUSTRIAL COMPLEX
Russian leader Vladimir Putin has cited at least three major goals calling for undelayed measures to be taken in the defense-industrial complex More details...

15:35
RUSSIAN GOVERNMENT HOPES TO COMPLETE NEGOTIATIONS ON WTO MEMBERSHIP BY SUMMER 2002
Russia hopes to complete negotiations about its membership in the World Trade Organisation by summer 2002, said Deputy Prime Minister and Financial Minister Alexei Kudrin. More details...

15:30
OPEN-END AVIATION HOLDING SUKHOI SET UP IN RUSSIA
Russian President Vladimir Putin has inked a decree on establishing the open-end joint-stock company Aviation Holding Sukhoi, said the Kremlin press service on Tuesday. More details...

15:21
SIBIR AIRLINES TO RESUME FLIGHTS TO UNITED ARAB EMIRATES
The Russian airline Sibir has resumed scheduled flights from Novosibirsk to Dubai (United Arab Emirates). The company's press service announced on Tuesday that Tu-154M and Tu-204 planes would resume a once-a-week service. More details...

14:40
RUSSIAN VICE PREMIER VALENTINA MATVIYENKO TO PARTICIPATE IN MEETING OF JOINT RUSSIAN-AUSTRIAN INTERGOVERNMENTAL COMMISSION
Russian Vice Premier Valentina Matviyenko is to participate in the sixth meeting of the joint Russian-Austrian intergovernmental commission on trade and economic cooperation on Wednesday. Matviyenko is the Russian co-chairman of the commission. Economics and Labour Minister Martin Bartenstein is the Austrian co-chairman. More details...

14:27
28 DRAFT PRODUCT SHARING AGREEMENTS BETWEEN STATE AND INVESTORS IN THE WORKS IN RUSSIA
28 draft product sharing agreements between the state and investors are currently in the works in Russia, said Economic Development and Trade Minister German Gref at the Moscow session of the World Economic Forum on Tuesday. More details...

14:19
WORLD ECONOMIC FORUM ATTENTIVELY FOLLOWS THE ACTIVITY OF RUSSIAN GOVERNMENT
President of the Davos World Economic Forum Klaus Schwab declared that the forum "attentively follows the activity of the Russian government and its successes in conducting reforms." More details...

14:01
RUSSIAN PRESIDENT CALLS FOR CONSENSUS IN PASSING AGRICULTURAL LAND OWNERSHIP LEGISLATION
Russia will aim at consensus in making decisions on the agricultural land ownership legislation, said Russian President Vladimir Putin answering to questions of businessmen at the World Economic Forum in Moscow. More details...

13:51
VLADIMIR PUTIN PROMISES RUSSIAN BUSINESSMEN TO FEEL THAT RUSSIA IS THEIR HOME
Russian President Vladimir Putin has promised that Russian authorities would do their best to make Russian businessmen feel that "Russia was their home". "I wish they /Russian businessmen/ felt that Russia is their home associating the home with a castle", the President told the visiting session of the World Economic Forum in Moscow. More details...

13:26
RUSSIA HAS BECOME A REAL CONSTITUENT PART OF THE WORLD COMMUNITY - KLAUS SCHWAB
President of the Davos World Economic Forum Klaus Schwab has stated that Russia "has already become a real constituent part of the world community". More details...

13:14
VLADIMIR PUTIN: SOME TAXES MAY BE CUT IN RUSSIA
"Some taxes, including the value added tax," may be cut in Russia, said Russian President Vladimir Putin at the visiting session of the World Economic Forum on Tuesday. More details...

13:04
PUTIN SAYS NATION'S WELFARE IS GOAL OF GOVERNMENT
Vladimir Putin has said the government will surely do everything possible to raise the Russian nation's welfare. While speaking at the Davos forum session in Moscow, Putin said that "the government was considering judges' income rates." According to him, judicial reform will make this sphere more efficient. More details...

13:00
VLADIMIR PUTIN: RUSSIA REMAINS RELIABLE AND PREDICTABLE PARTNER
Russian President Vladimir Putin has said that despite the global instability affecting the world markets, Russia remains a reliable and predictable partner supplying oil and other energy raw materials. More details...

12:26
GROWTH IN THE RUSSIAN ECONOMY WILL HELP IT MAKE MUCH HEADWAY - VLADIMIR PUTIN
The present-day growth in the Russian economy will help it "not only overcome the difficulties we are witnessing today but also make much headway," Russian President Vladimir Putin said on Tuesday, addressing a session of the World Economic Forum in Moscow. More details...

12:19
PUTIN FOR RUSSIA'S ACTIVE ROLE IN WORLD ECONOMY LIBERALIZATION
Russian President Vladimir Putin has pronounced for Russia's active participation in further liberalization of the world economy. He said it Tuesday at the World Economic Forum session in Moscow. More details...

12:14
VLADIMIR PUTIN: RUSSIA TAKES FIRM DECISION TO ENTER WORLD TRADE ORGANIZATION
Russia "has taken a firm decision to enter the World Trade Organization and it will be carried out," Russian President Vladimir Putin told the visiting session of the World Economic Forum in the Mariott Grand Hotel on Tuesday. More details...

12:12
VLADIMIR PUTIN DOES NOT RULE IT OUT THAT "SOME TAXES" MAY BE CUT IN RUSSIA
"Some taxes, including the VAT," can be reduced in Russia, President of Russia Vladimir Putin said speaking at the visiting session of the World Economic Forum in Moscow on Tuesday. More details...

12:00
VLADIMIR PUTIN INVITES FOREIGN COMPANIES TO STEP UP OPERATION ON THE RUSSIAN MARKET
Russian President Vladimir Putin has invited foreign companies to step up their operation on the Russian market. Speaking at the World Economic Forum's session in Moscow, he emphasised that this session is being held at a "good" time as many companies are concluding their financial year and drawing up budgets for the next year. Putin expressed hope that the presence of foreign companies in Russia "will influence the drawing up of investment plans" and that Russia will take an "adequate, worthy place" in them. In this connection, Putin welcomed the recent decision by Exxon Neftegas to invest a large sum of money in the Russian economy. He expressed hope that other companies participating in the session will follow suit. More details...

11:56
VLADIMIR PUTIN COMES OUT FOR BUSINESS BEING TRANSPARENT FOR STATE
One should not fear "all kind of instruments which make business transparent for the state," Russian President Vladimir Putin said answering the questions of the participants in the World Economic Forum about the banking reform and struggle against money-laundering. More details...

11:41
PUTIN CALLS ON FOREIGN BUSINESSMEN TO HELP RUSSIA REDUCE ECONOMIC RISKS
Russian President Vladimir Putin has called on foreign businessmen to help Russia reduce the risks in the nation's economy. While appearing at a session of the World Economic Forum in Moscow, the president said that Russia still had "many unresolved problems." However, according to him, Russia represents a highly promising economy and a huge market in the future. More details...

11:29
PRESIDENT OF RUSSIA: MOSCOW IS GOING TO CONTINUE ACCELERATING THE TEMPO OF REFORMS
Vladimir Putin has assured participants in the World Economic Forum that Russia will continue accelerating the rates of reforms. Speaking on Tuesday at a plenary meeting of the Forum's visiting session in Moscow, the Russian president cited data about the changes which have taken place of late in Russian economy. More details...

21:30
STREAMLINE PRODUCTION-SHARING LAW, U.S. PETROLEUM BOSS CALLS RUSSIA
A streamlined production-sharing law will skyrocket overseas investment in Russian fuel deposit development, said Glen Waller, external relations manager of the Russian Exxo Mobil office, as he was addressing a roundtable of the world Davos economic forum, which is holding session in Moscow More details...

20:06
IN 2002, TAX BURDEN IN RUSSIA WILL BE SLASHED BY 1.5-2 PERCENT OF GDP
Alexei Kudrin, Russia's vice-premier finance minister, predicts a reduction in the tax burden in Russia by about 1.5-2 percent of GDP next year, and by up to 2 percent of GDP this year More details...

19:31
RUSSIA'S PERFORMANCE OVER PAST TWO YEARS HAS PUT IT AMONG 20 LEADING COUNTRIES
Russia, according to 2000 and 2001 results, ranks among twenty countries with best economic performance, said presidential economic adviser Andrei Illarionov on Monday, at the opening in Moscow of a visiting session of the Davos Economic Forum More details...

19:24
PROJECT SAKHALIN 1 CALLS GLOBAL INVESTMENT: KASYANOV
Mikhail Kasyanov, Russia's Prime Minister, reports his enthusiasm as implementation is starting of project Sakhalin 1, he said to a Moscow news conference which followed a 15th session of the consultative council for overseas investment More details...