Suchergebnisse

Intro -- Contents -- Preface -- 1 Overview -- 2 Macroeconomic Policymaking -- 3 Structural Reforms and the Growth Outlook -- 4 Tax Reform in Russia -- 5 Public Expenditure Reform -- 6 Banking Crisis and Recovery -- 7 Debt Crisis in Russia: The Road from Default to Sustainability.

Pension reform is a key policy challenge in Russia. This paper examines how pension spending could increase in Russia in the absence of reforms, quantifies the impact of some recent proposals, and suggests some alternatives that would ensure public pension benefits - relative to wages - not fall from current levels while containing spending

Even though the Russian authorities have maintained financial stability at the time of a major global shock, the financial system is still weak. The crisis has set back progress toward a strong, competitive banking system for the future. The recent unification of the supervision of nonbank financial institutions is an opportunity for strengthened oversight. A more structured corrective action regime and a unified administration regime for all banks, with broad powers for the administrator, would help strengthen the system further

This book contains the updated English translation and the current official Russian text of the Aviation Code of the Russian Federation. For a better understanding of the Act, an Introduction has been added to this second edition, setting out the history of the Aviation Code and its ramifications. An outline of the Code is given, as well as an account of other Russian Federation legislation covering the field of aviation law. The book clarifies the applicable aviation law in the Russian Federation by providing a professional English translation of the Russian Aviation Code. It will be of inter

The article analyzes the impact of the uneven socioeconomic development of the regions of the Siberian Federal District on the migration loss. Using the GRP (gross domestic product) indicator, the author demonstrates significant differences in the level of the socioeconomic development of Siberian regions. The trend towards a decrease in natural increase in Siberia that has emerged in recent years is exacerbated by an increase in migration loss, which has covered a number of regions of the Siberian Federal District. The article contains an overview of modern trends in the field of migration movements, identifies the features of these movements in Siberian regions. On the example of Omsk Oblast, which has demonstrated the most profound migration loss in recent years, the leading factors of influence on migration processes are identified: the fiscal capacity of the region; low wages in the region, the share of the population whose cash income is below the minimum subsistence level; environmental woes; the opportunity of continuing education, obtaining future-oriented professions; conditions for the development of small and medium-sized businesses; the stability of the regional economy; and climatic conditions. Using the methods of quantitative and qualitative analysis, the author assesses the manifestation of each factor in the indicators of migration loss in Siberian regions. The study did not show a direct relationship between the fiscal capacity of the region, the level of wages, and the indicators of migration growth. At the same time, the connection between migration loss and the state support of regions in the educational sphere or the developing assistance to small and medium-sized businesses is more clearly visible. The special role of youth migration is emphasized. The analysis of the identified trends shows that the growing differences between regions will contribute to depopulation trends in some regions and to the loss of complexity in the reproduction of macroregional socioeconomic ties. The author emphasizes that the fiscal capacity of the region should remain the main criterion for federal support, and the state system of budgetary incentives should be implemented in accordance with the needs of the regions and the characteristics of the territorial labor market. In the final part, the measures to improve the spatial strategy of Russia at the present stage are proposed. The idea of macroregional development presented in the strategy should be supplemented by the prescribed mechanisms of interaction between business communities registered in different subjects of the federation, within the framework of promising cluster formations.

The fall of the Soviet Union in 1991 brought enormous political, economic, and social challenges. Since 1991 fiscal reform has been a pillar of Russia's reform agenda. This book analyzes the effort to adopt a modern tax code where previously there were few recognizable taxes, establish an efficient tax administration where taxpayers had never paid taxes directly, and decentralize the system of governance where power had been centralized and dictatorial. Despite the remarkable achievements, many old and new challenges remain. The authors bring an analytical approach to fiscal reform in Russia, providing a detailed analysis of the tax system and estimates of tax compliance and evasion. The book offers a careful examination of the fiscal architecture of Russia and concludes with a presentation of remaining reform needs and options for Russia. Based on Russia's reform experience, the authors also draw lessons for fiscal reform in other developing and transitional countries. Given the dynamic nature of Russia's economic development, this book will prove a timely and informative resource for academics in economics, public finance, political science and public administration as well as for policy makers. Its lessons will also be useful for officials involved with finance in transition and developing countries

Given the past decade of abuse of shareholder rights, corporate governance is essential for Russia's future. In this comprehensive volume, an international group of contributors - academics, corporate executives, government officials, policymakers, specialists from nongovernmental organizations, and legal experts - examine the crucial role of corporate governance as well as the external institutions and forces that affect it. Offering coverage from numerous perspectives, the contributors explore external and institutional influences on corporate governance, its workings within corporations, and the relationships between boards of directors, managers, shareholders, and the government. Case studies of three major companies illustrate the challenges and opportunities involved in creating sound practices. The concluding section provides a summary of the current situation and discusses implications for the future of Russia's corporate governance. A valuable source of information, Corporate Governance in Russia is a must-read for business people, government officials, academic researchers, students, and all those interested in Russia and what the future holds

This Education brief is intended for non-Russian researchers willing to get familiar with Russian education system and more generally for all those involved in education and education policy. It does not represent exhaustive information on Russian education system and all problems and challenges existing there, but provide a snapshot briefly describing its main features.Education brief - 2012 retains its main special feature which is the combination of statistical data and qualitative information to describe the organization and functioning of education system in the Russian Federation.The rep