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Supporters of Kyrgyzstani President Kurmanbek...

Supporters of Kyrgyzstani President Kurmanbek Bakiyev, deposed in large-scale protests that swept across the country last week, are joining forces in the country"s south, Bakiyev"s traditional stronghold, as the ousted leader has refused to hand over power to the opposition. The opposition has urged the president to resign and leave the country.


U.S. President Barack Obama has ordered...

U.S. President Barack Obama has ordered that economic sanctions against Syria be extended for another year, the White House said on its website on Tuesday.


MOSCOW, July 22 (RIA Novosti) - Russian...

MOSCOW, July 22 (RIA Novosti) - Russian President Vladimir Putin signed a law to regulate the production and turnover of ethyl alcohol and alcoholic products, the presidential press service said Friday. The State Duma, parliament"s lower house, adopted the law on July 8 and the Federation Council, parliament"s upper house, adopted it on July 13. The law aims to improve the legal regulation of this area of the economy, strengthen state control and protect consumers from black-market products. The law expands the authorities of the federal bodies of state power. Under the law, they will introduce a unified state automated system to calculate the volumes of produced and sold ethyl alcohol and alcoholic products. If there is no information in the system about certain products, the products will be confiscated. Authorities will also be charged with defining the procedure to license alcohol retail sales and ensuring that organizations observe license rules. The law states that state enterprises and organizations with paid-in equity capital worth no less than 10 million rubles, or $349,650, can produce ethyl alcohol, while state enterprises and organizations with paid-in equity capital worth no less than 50 million rubles, or $1.75 million, can produce vodka. Putin spoke in Kaliningrad on July 2 at a State Council session. He criticized the current alcohol market regulation system and advocated a state monopoly on alcohol.

Real Estate

The relationship between business and the...

said at the forum.

Another reason for business" lukewarm attitude to infrastructure projects is the global economic downturn. Russian companies lack funds for such projects and are not prepared to invest in projects with recoupment periods of 15-20 years, which entail high economic and political risks.

Indeed, modern Russia is widely different from the country it was 20 years ago, when ownership rights were only mentioned in history textbooks.

Another factor hindering long-term investment is tax legislation. On the one hand, profit taxes in Russia are lower than in the EU and other countries: 20% compared to 33% in China (15% in free economic zones), 35% in India and 34% in Italy. But this advantage is neutralized by Russia"s complicated system of fiscal administration and selective use of law during economic disputes.

Weakness of the state and widespread corruption also discourage investment in infrastructure. Rampant corruption at all stages of

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