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Russian state-run businesses plan to inject...

Russian state-run businesses plan to inject over 2 trillion rubles (about $68 bln) into investment programs in 2010, the same amount as in 2009, President Dmitry Medvedev said on Friday.


MOSCOW. (Yury Zaitsev, for RIA Novosti)...

MOSCOW. (Yury Zaitsev, for RIA Novosti) - At its recent meeting, the Presidential Commission for Modernization and Technological Development of Russia"s Economy called for developing a transport-energy module with a megawatt-class nuclear propulsion unit.


MOSCOW, October 18 (RIA Novosti) - Russia"s...

MOSCOW, October 18 (RIA Novosti) - Russia"s United Aircraft Corporation (UAC) said on Thursday it intended to hold an initial public offering on Russian bourses in late 2009 and early 2010 to the sum of $1-1.5 billion. The UAC was established earlier this year to help overcome the crisis in Russia"s aircraft industry, and incorporates many of the country"s best-known aircraft builders, including Mikoyan, Ilyushin, Irkut, Sukhoi, Tupolev, Yakovlev and other enterprises in the industry. A UAC official also said the corporation would float newly issued shares representing 10-15% of its charter capital by closed subscription in 2008, adding that Russia"s government-controlled foreign economic bank Vnesheconombank could participate in the offer. The UAC, which is 90% state owned, incorporates aircraft building companies and state assets engaged in the manufacture, design and sale of military, non-military, transport and unmanned aircraft in a bid to streamline the Russian aviation industry. The UAC official also said the company would borrow about 120 billion rubles (about $4.8 billion) by 2012.

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The Russian government has submitted draft...

The move is seen as a means to improve the traditionally negative attitude of most Russians toward oligarchs and other wealthy people. Dislike of the rich, typical during the years of the Communist rule, only strengthened during the controversial post-Soviet reforms in the 1990s which sent a scant few people"s wealth skyrocketing while pushing the majority of Russians below the poverty line.

"We count on their [the laws"] quick consideration and support on the part of MPs," Putin told the inner cabinet.

"The state should encourage any useful, socially responsible activity by citizens, including through forming a favorable tax regime for it," he said.

In January, Russian President Dmitry Medvedev called on the government and parliament to speed up drafting laws to increase the work efficiency of charity organizations supporting families with children.

Russian First Deputy Prime Minister Igor Shuvalov, recently tasked with improving Russia"s investment image,

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