JP Morgan joins Goldman Sachs in teaching Russia how to be a fair lady

Today’s edition of business daily Vedomosti.ru reports that investment bank JP Morgan is about to take on the role of adviser to the Russian Ministry of Finance on how to improve the country’s credit rating. Russia’s current credit ratings are Baa1 according to Moody’s, and BBB according to Fitch and S&P. The Ministry’s financial management…

The matter of trust in Russia

Russian business daily Vedomosti.ru published findings from the „Eurobarometer in Russia“ report prepared by The Russian Presidential Academy of National Economy and Public Administration (http://ranepa.com/), as well as the World Values Survey association (http://www.worldvaluessurvey.org/) study on the level of interpersonal trust in Russia. According to the reports, this indicator is on average 1.5-2 times lower than…

Small business in Russia – who is to blame and what is to be done

Russian weekly magazine „Russian Reporter“ published an interview with the Head of the Supervisory Board for the Russian entrepreneurs’ association „Russian Foundation“ (http://en.opora.ru/) Sergei Borisov, who contrasted the Russian Government’s imprudent measures with its desire to put Russia among the top 20 countries for doing business. The debate regarding the Government’s attitude towards small and…