Russia's Investment Climate to Improve

April 19, 2011

On April 2, 2011 President of Russia Dmitry Medvedev approved a list of instructions on priority measures aimed at improving the investment climate in Russia. The Government is to submit proposals on reducing compulsory pension, social and health insurance premiums from January 1, 2012. Moreover, the Government has been instructed to approve the schedule for privatisation of major federally owned stakes in 2011-2013, in order to eliminate excessive influence of state-owned companies on the investment climate. Other initiatives include such instructions as to enforce minority shareholders' rights, to draft a federal law stipulating a special procedure for processing complaints from individuals and organisations on corruption schemes, to elaborate the procedure of discussing state regulation of economic and investment activities with the business community and several others.

Full text of the instructions can be found here.