Business in Sweden and Stockholm - Business Ideas
The Scandinavian countries are today considered one of the most promising in terms of business. This is where the most incredible startups can be brought to life. After the perestroika,…

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Italy suspects Apple of tax evasion
The leadership of the Italian representative of Apple is forced to explain about the possible tax evasion in the country. The prosecutor's office of Milan has already opened an investigation…

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Economist: The fact that our companies turn to foreign investors is normal and this is a trend
Agroholding Kuban, which is part of Oleg Deripaska's Basic Element, began negotiations with Chinese and Arab investors and funds in connection with the loss of Western investment. He will be…

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first place belongs

Retail wins banking business

Retail wins banking business
Last year was the most successful in the history of the retail business of VTB24 Bank. He again entered the top three most powerful banks in Russia, earning a record profit of 47 billion rubles. The bank’s growth is ahead of the market by about 1.5%, therefore, the organization’s management intends to continue working with retail operations.

For the second year in a row, VTB24 is one of the three most profitable banks in Russia. Last year, the bank earned 47 billion rubles, net profit amounted to 37 billion rubles. This was announced at a press conference on the results of 2012, the President and Chairman of VTB24 Mikhail Zadornov. Continue reading

Ministry of Finance is preparing a new blow to business

The Russian Ministry of Finance proposes to prescribe in the Tax Code the maximum allowable interest rates on corporate loans. Thus, the ministry expects to simplify tax accounting and avoid the situation when companies take such expenses into account when calculating income tax. Amendments may enter into force in 2015.

According to Izvestia, the Ministry of Finance of the Russian Federation is now working on amendments to Art. 269 ​​of the Tax Code, according to which the rules for accounting for expenses on loans will be revised. The Office proposes to prescribe the maximum allowable interest rates on corporate loans, the costs of which can be taken into account when reducing the base for calculating income tax.

The director of the Department of Tax and Customs Tariff Policy of the Ministry of Finance Ilya Trunin explained that these amendments will become a reference point, according to which the rules for accounting for expenses on loans will be revised. Continue reading

Counterfeiters prefer larger

The problem of counterfeit money circulating on the territory of Russia, before the Russian law enforcement officers is quite acute. In 2013, the total number of fakes discovered by the Central Bank of the Russian Federation exceeded 13 thousand units. This figure has decreased compared to the previous year, but the situation is complicated by the increase in the quality of the fakes themselves. Most often last year, five thousandth notes were faked.

According to the Central Bank of Russia, in the fourth quarter of 2013, 13,018 counterfeit five thousandth banknotes and 4454 counterfeit banknotes with a face value of 1,000 rubles were identified. and 1465 fake banknotes with a face value of 500 rubles.

The final indicators say that in 2013, Russian banks identified 71,433 counterfeit banknotes of the Bank of Russia, which is 18.9% less than in 2012 (88,029 banknotes). At the same time, in the fourth quarter of 2013, banks identified 19149 counterfeit banknotes, which is 20.2% less than in the fourth quarter of 2012. Continue reading

It's time to hold the horses on the lending market
The Ministry of Finance and the Central Bank of the Russian Federation consider it necessary to contain the rapid growth of consumer lending. The financial department, according to Deputy Minister…

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100 facts about life and business from a venture investor
Alexander Zhurba, Managing Director and Co-Founder of Genezis Capital Fund, formulated 100 facts that he learned by the age of 27 about life and business. Recommended reading, it's worth it.…

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60 quotes overheard on Wall Street
The most accurate statements, overheard in the elevator of the most famous investment bank, from people who own almost all the money in the world There is a person on…

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Where in the world is it easier and cheaper to do business?
The world is changing rapidly. The political and economic situation of states is changing. Countries previously profitable for investment are now experiencing stagnation. And money loves silence and understandable game…

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