Corporate Russia can be a puzzling field for Western investors, who often find it hard to read between the lines. Applying governance standards and financial controls familiar to the City of London or New York may seem at times a rather cosmetic effort and leaves many scratching their heads trying to distinguish a good deal from one gone sour
Young currency Bitcoin has been gaining popularity rapidly. It is believed that it may even make the US dollar move over as time goes by. However, there is one embarrassing detail: the currency circulates on condition of anonymity, which means that it can be used for criminal purposes. Bitcoin is used in transaction of drug traffickers and killers
"Infrastructure in Singapore is perfectly adjusted and works much more effectively than in many democratic countries. They are not the most democratic and free country in the world, but they are more rigid in the observance of law. I think Russia should not look up to Singapore - we are such a huge country. I think we should look up to Canada"
China intends to increase investment in the Russian economy. The plans included the infrastructure, residential sector, and high tech areas. The prospects of cooperation between the two countries look promising, but Russia is not on the top of the list for China. Russia is number 143 out of 179 in terms of economic freedom
A new mortgage crisis is brewing on the real estate market, foreign experts believe. Judging by how briskly housing prices have been rising in the largest economies of the world - China and the U.S. - the mortgage "bubble" may burst very soon. The number of foreclosures in the United States has been growing steadily
Only 100 days are left before the Olympics in Sochi. Yet, many Russians keep on betting on how many more times Olympic torches, made by Krasmash, will go out during the relay. Pravda.Ru decided to find out whom to blame for the stories that the Olympic torch had to go through during its relay across Russia
Ukraine will not be able to join the Customs Union (CU) after signing the agreement on associated membership in the EU, Russian President Vladimir Putin said at a press conference, following the meeting of the Supreme Eurasian Economic Council in Minsk. "No, impossible," Putin said when asked about such a possibility for Ukraine
Russia will spend over 600 billion rubles on the World Cup. Much will depend on how the regions receiving the 2018 World Cup will invest in infrastructure. The 2018 World Cup will be held in 11 Russian cities. 320 million rubles will be allocated for the construction of stadiums for soccer schools
In one week, Russia will face a trial with the EU under the WTO. The sticking point remains to be the utilization tax for automakers. Experts suggest that in the WTO court a broader discussion of the rights of the parties in the area of anti-dumping measures may ensue. Pravda.Ru learned from experts what can be expected from the upcoming litigation
Yet another budget crisis in the US has made many people around the world, even those, who consider themselves indifferent to the vicissitudes of political controversy and global economic problems, wonder what is going to happen to the American dollar. the world can indeed turn upside down, should the US financial system fall apart. Is it possible?
Reports are that the Department of Homeland Security is engaged in a massive, covert militawry buildup. Evidently somebody in government is expecting some serious civil unrest. Why? Recently revealed statements by former UK Prime Minister Gordon Brown at the height of the banking crisis in October 2008 could give some insights into that question
Moscow is taking efforts to retain and expand the arms market in Latin America. Russian Defense Minister Sergei Shoigu will visit Brazil and Peru next week. Against the background of difficulties with conclusion of new arms sales contracts with Venezuela, Russia's success in other countries of the region appears to be particularly important