Newsroom (Russia & CIS)

28.10.2006 State Duma Approves Law on Penalties for Illegal Use of Foreign Workforce (Russia) The State Duma, the Russian parliament’s lower house, has approved a law on penalties for illegal use of foreign workforce.
27.10.2006 Kazakhstan and Russia boost trade ties Trade between Russia and Kazakhstan could rise to about $10 billion in 2006, Russian Prime Minister Mikhail Fradkov said at a meeting with his Kazakh counterpart Danial Akhmetov on Friday.
24.10.2006 Ministry of Economics of the Russian Federation plans measures to boost industry The Russian Economy Ministry said it has prepared a plan to develop the country’s industrial and technology sectors in 2006-2007.
29.08.2006 Creation of Russian United Aircraft Building Corporation The Federal Anti-Monopoly Service of Russia has approved plans to create the Open Joint Stock Company United Aircraft Building Corporation, the service’s press office reported.
10.08.2006 Ministry for economic development of the Russian Federation reports rise in foreign investment Foreign direct investment in Russia totaled about $26 billion in the first half of 2006, Deputy Economy Minister Kirill Androsov told reporters on Tuesday.
27.07.2006 Putin signs ruble convertibility bill Russian President Vladimir Putin has signed the federal law “On amendments to the federal law on currency regulation and currency control.” The bill was passed by the State Duma on 8 July, and it was approved by the Federation Council on 14 July 2006, the President’s press service reported.
26.07.2006 LUKoil reports increased oil production LUKoil, Russia’s second largest oil producer, reported an oil production of 46.69 million tonnes (1.89 million barrels a day) in the first half of this year, a 5.6 percent increase on the year.
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