While some political analysts have been critical of President Putin since the 2004 election, economists and business people remain optimistic. This book provides coverage of the climate for foreign investment, including the legal structure and corporate governance issues, an examination of banking, finance, and accountancy and taxation issues.

This fourth edition of "Doing Business with Russia" provides authoritative and comprehensive coverage of the climate for foreign investment, including the legal structure and corporate governance issues, an examination of banking, finance, accountancy and taxation issues, and profiles of key industry and business sectors. While some political analysts have been critical of President Putin since the 2004 election, economists and business people remain extremely optimistic. For the sixth successive year, the Russian economy has enjoyed sustained economic growth.

Consultant Editor:
Marat Terterov.
Foreword
Andrew B Somers, President, American Chamber of Commerce in Russia
Introduction
Marat Terterov
Part One: Background to the Market
1.1 Developments in the Political Environment
1.2 An Overview of the Russian Economy -- Money Matters
1.3 The Legal Regime and Regulatory Environment for International Business
1.4 Latest Developments in the Russian Investment Climate
1.5 An Overview of the Russian Foreign Investment Climate
1.6 Russian Country Risk: Clouding Future Prospects for Russian Corporates
Part Two: The Financial Sector
2.1 The Russian Banking System: An Overview
2.2 Retail Banking
2.3 The Russian Insolvency Regime
2.4 The Issuance and Regulation of Securities
2.5 Currency Regulation
2.6 Corporate Governance Development in Russia
Part Three: Market Potential
3.1 Russian Oil and Gas
3.2 The Business Climate in the Russian Oil and Gas Sector
3.3 The Oil and Gas Industry: The Regulatory Environment and Legal Infrastructure
3.4 Investing in a Reforming Electric Utilities Industry
3.5 Russian Energy Sector Policy
3.6 The Telecommunications Market
3.7 Telecommunications: The Regulatory Framework
3.8 The Russian IT Market
3.9 The Automotive Industry
3.10 The Pharmaceuticals Market
3.11 Investing in Russian Pharmaceuticals -- Crisis or Renaissance?
3.12 The Development of Retail
3.13 The Brewing Industry
Part Four: Getting Established: The Taxation and Legal Environment
4.1 Business Structures
4.2 Establishing A Presence
4.3 Russian Business Entities
4.4 Business Taxation
4.5 Russian Taxation
4.6 Auditing and Accounting
4.7 New Russian Customs Legislation
Part Five: Business Development: Operating an Enterprise
5.1 The Property Regime in Russia
5.2 Land Relations in the Russian Federation
5.3 Intellectual Property and E-Commerce
5.4 Arbitration and Dispute Resolution
5.5 Employment Law and Work Permits for Expatriates
5.6 An Investment Project in Russia -- Applicable Laws
5.7 Entrepreneurial Startups
5.8 Property and Real Estate Regulation
5.9 Competition Law
Part Six: Appendices
I Learning from the Russian Experience: Regional Debt Defaults and Recovery 1998-2003
II Useful Business-Related Websites
III Useful Business-Related Websites
IV Contributor Contact Details