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Month: February 2016

Russia Country Report: BTI 2016

Russia Country Report

Bertelsmann Stiftung’s Transformation Index BTI 2016 for Russia was recently released. The Russia Country Report contains comprehensive characterization of economic, political and social developments. You may find the full text here. Below are excerpts from the report. Summary “At the time of writing, Vladimir Putin has been in power for more than fifteen years. Putin …

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Russian Economy: What is Next?

russian economy

Low crude oil prices negatively impact the economies of oil producing countries. Russia is not exception, and its economy is experiencing an obvious decline. BBC reports: “Russia’s economy contracted by 3.7% in 2015, according to preliminary figures published by the country’s statistics service. Retail sales plunged by 10% and capital investment fell by 8.4% in …

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Tax Preparers: Are All of Them Well Qualified?

Finance Investment Trading

Over a few years, the research was conducted with the purpose of evaluating qualification of tax preparers in this country. People were randomly sent to tax preparation offices to have their tax return filed. The article ‘Your tax preparers might not know what they’re doing’ reports: For several years, researchers have been sending people into …

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China Foreign Exchange Reserves Plunge

Finance Investment Trading

China foreign exchange reserves fell by another $100 billion in January. As the China’s economy is slowing down, the flight of investors seeking more profitable markets puts pressure on Yuan. The Chinese government, determined to support the value of the currency, is forced to buy Yuan in large quantities. Large scale buying is complemented with …

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