The government has expanded the list of industrial parks eligible for state support

The list of industrial parks receiving federal subsidies has been supplemented by two more facilities – Grabtsevo in the Kaluga Region and Krasnodar. The amount of state support for them in 2021 will amount to 560.4 million rubles. and 20.9 million rubles. respectively. The corresponding order (.pdf) was signed by Russian Prime Minister Mikhail Mishustin. … Read more

Small business will be mitigated administrative responsibility

To reduce the administrative burden on small businesses, the Ministry of Economy, together with the SME Corporation, prepared a draft amendment to the current Administrative Code. “The amendments are aimed at liberalizing the rules for bringing SMEs and SONPOs to administrative responsibility, which business has been talking about for a long time and which requires … Read more

Econive retained the options // The court refused the group’s shareholders to terminate the agreements with the RSHB

The Arbitration Court of the Voronezh Region refused the owner of the largest Russian milk producer Econiva, Stefan Duerr, and his structures to terminate the agreements giving the Rosselkhozbank the right to buy out shares in the business at par. The bank will not be able to exercise the options until the decision comes into … Read more

Demand will be supported by incentives // Buyers of domestic IT solutions will be given a discount on income tax

Within the framework of the “second package” of measures to support the IT industry, the government has agreed on new benefits for buyers of domestic software and hardware. All of them relate to income tax – we are talking about the application of a multiplying coefficient to the costs of purchasing Russian solutions in the … Read more

The Central Bank got the right to restrict the issuance of consumer loans and loans

The State Duma of Russia adopted a law giving the Central Bank the right to impose direct quantitative restrictions on the issuance of certain types of consumer loans and loans by credit and microfinance organizations (MFOs). The changes will take effect on January 1. The restrictions are planned to be differentiated according to a number … Read more