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Business Quarterly (Winter 2018/2019)
Winter 2018/2019 Legal and Intellectual Property With AEB updates on: amendments to the competition law, parallel imports, licensing payments, regulation of merger control. AEB Business Quarterly | Winter 2018/2019 Introduction | Dear readers, It is my genuine pleasure to present the Winter 2018/2019 Business Quarterly to you! The magazine covers a variety of legal topics. To be more specific, it explores amend- ments to the competition law, toughening control over foreign investments in strategic companies, new rules and practices of parallel imports in Russia, operational challenges which companies have to encounter while doing business in Russia amid sanctions, recognition of foreign arbitral awards, abuse of consumer rights and other significant issues. Let me cordially extend special thanks to those members of the AEB Legal Committee who substantially contributed to the current edition. I hope that due to the utmost relevance of the topics submitted by the authors of the articles, the publication will be both a helpful and a fascinating read. Likewise, I would like to express sincere gratitude to all members of the Legal Committee for inputs provided to numerous AEB activities. Their efforts, dedication and ongoing support are so much appreciated. As usual, in the magazine you will find the most recent updates on the AEB developments and achievements. News items from member companies related to their activities and appointments are traditionally shared in the corresponding section. Information about new members which joined the Association this autumn is presented in the final part of the edition. Enjoy your reading! Frank Schauff Chief Executive Officer, Association of European Businesses | Introduction AEB Business Quarterly | Winter 2018/2019 Dear readers, I would like to welcome you to our new edition of the AEB Business Quarterly prepared by the Legal Committee. -
Programme 2019 Pdf 0.16 MB
Programme of the 16th Annual Meeting of the Valdai Discussion Club “The Dawn of the East and the World Political Order” Sochi, September 30 – October 3, 2019 September 30, Monday 10:00 – 10:10 Opening of the 16th Annual Meeting of the Valdai Club Andrey Bystritskiy, Chairman of the Board of the Foundation for Development and Support of the Valdai Discussion Club 10:10 – 12:00 Session 1. The Strategic Landscape: An Eastern Perspective. Presentation of the Valdai Club Report The world politics is experiencing fundamental changes. They are not only about the shifting balance of forces or redistribution of financial streams and economic capabilities. Countries, whose political and strategic culture is fundamentally different from the western notions, which have been dominant in the previous centuries, are beginning to play the leading roles on the international arena. The future world order will emerge in an environment of pluralism of ideas, taking into account views and positions of the leading non-western countries. What are these views? What does Russia’s role look like in these systems of coordinates? Speakers: • Yuichi Hosoya, Professor of International Politics, Keio University • C Raja Mohan, Director, Institute of South Asian Studies, National University of Singapore • Wang Yiwei, Director, Institute of International Affairs and Centre for European Union Studies, Renmin University of China • Hasan Basri Yalçın, Director of Strategic Studies, SETA Foundation for Political, Economic and Social Research Moderator: Fyodor Lukyanov, Research Director of the Foundation for Development and Support of the Valdai Discussion Club 2 12:30 – 14:30 Session 2. Middle East as a World Politics Lab Since the early 21st century, the Middle East has been in the international spotlight. -
Russia Macro-Politics: Political Pragmatism Or, Economic Necessity
The National Projects December 2019 Population and GDP (2020E data) The long and winding road Population 146.8 GDP, Nominal, US$ bln $1,781 Plans are worthless. Planning is essential” GDP/Capita, US$ $12,132 Dwight D. Eisenhower GDP/Capita, PPP, US$ $27,147 Source: World Bank, World-o-Meters, MA The National Projects (NP) are at the core of the Russian government’s efforts to pull the economy out of the current slump, National Projects - Spending* to create sustainable diversified long-term growth and to improve Rub, Bln US$ Bln lifestyle conditions in Russia. It is the key element of President Putin’s Human Capital 5,729 $88 effort to establish his legacy. Health 1,726 $27 Education 785 $12 We are now initiating coverage of the National Projects strategy. We Demographics 3,105 $48 will provide regular detailed updates about the progress in each of Culture 114 $2 the major project sectors, focusing especially on the opportunities Quality of Life 9,887 $152 Safer Roads 4,780 $74 for foreign investors and on the mechanisms for them to take part. Housing 1,066 $16 ▪ What is it? A US$390 billion program of public spending, designed Ecology 4,041 $62 to stimulate investment, build infrastructure and improve health Economic Growth 10,109 $156 and well-being by 2024, i.e. the end of the current presidential Science 636 $10 Small Business Development 482 $7 term. Digital Economy 1,635 $25 ▪ Is this a return to Soviet-style planning? For some of the NPs, Labour productivity 52 $1 Export Support 957 $15 especially those involving infrastructure, it certainly looks like it. -
Program Structure* August 8, 2019
PROGRAM STRUCTURE* AUGUST 8, 2019 09:00 Registration of participants Plenary session 10:00-12:00 Digital transformation and reset of the legislation: scenarios for the development of a civilized taxi market in Russia 12:00-12:30 Coffee-break / Visiting the exposition Working session Round table 12:30-14:00 Business to business: the best products and Urban transport of the future: innovation against services for the taxi industry habits 14:00-14:45 Lunch Working session Panel session 14:45-16:15 Control 2.0: Technological control and data Taxi fares: Is there justice and who will establish it? usage in the taxi industry 16:15-16:30 Break 16:30-18:00 Panel discussion "What is a legal taxi?" AUGUST 9, 2019 09:30 Registration of participants Plenary session 10:30-12:00 Development trends of the world taxi market 12:00-12:15 Coffee-break Working session Working session 12:15-13:45 Regional markets: common rules - different Driver: employee, contractor, partner or slave to the solutions system? 13:45-14:15 Lunch Working session Panel discussion 14:15-15:45 Taxi insurance system transformation: Play by own rules: how to create a competitive advantage challenges and solutions in the modern market 15:45-16:00 Break Panel session Working session 16:00-17:00 Mobility 4.0: transport as an integrated Finance and taxes: calculations and reporting in the taxi service business 17:00-17:10 Break 17:10-18:00 MEFT Public Council Meeting 18:00-19:00 Closing cocktail *subject to change without notice AUGUST 8, 2019 Plenary session 10:00 – 12:00 Digital transformation -
Company News SECURITIES MARKET NEWS LETTER Weekly
SSEECCUURRIIITTIIIEESS MMAARRKKEETT NNEEWWSSLLEETTTTEERR weekly Presented by: VTB Bank, Custody February 7, 2019 Issue No. 2019/05 Company News En+ Group says finishes 1st stage of securities swap with Glencore On February 1, 2019 it was reported that En+ Group fulfilled the first stage of a securities exchange with Swiss trader Glencore. As a result, En+ Group bought a 2% stake in aluminum producer RUSAL from an affiliate of Glencore and raised its stake to 50.12%. A transfer of a 6.75% RUSAL stake to En+Group must be made automatically no later than February 2020. In April 2018, the U.S. imposed sanctions against 38 Russian tycoons, government officials and companies, including Oleg Deripaska and companies he controlled - En+ Group, RUSAL, and power producer EuroSibEnergo. In January, Deripaska transferred control over the companies, and his representatives were removed from their board of directors, and the Treasury lifted the sanctions on January 27. As a result, Deripaska owns 44.95% of En+ Group and has the right to vote with a 35% stake, VTB holds 21.68% of the shares and has the right to vote with a 7.35% stake, Citi is a nominal owner of 10.55%, which trader Glencore received in exchange for 8.75% in RUSAL; Citi owns 4.54%, but the right to vote belongs to institutional and retail investors. They also own 4.88%, and can manage a 9.42% combined stake. The members of Deripaska’s family hold 6.75%, charity fund Volnoye Delo 3.22%, other minority shareholders 3.42%. Independent managers have the right to manage the stakes. -
Tobolsk, Through the Prism of the Sdgs
TOGETHER WE ARE STRONG Sustainability Report 2018 Sustainable development as a priority. SIBUR’s contribution to reaching the UN Sustainable Development Goals With every year that passes, SIBUR has been increasingly paying very close attention to various aspects of sustainable development. The Company sets great store on continuously improving the quality of its products and on strengthening the loyalty of its customers, both direct and indirect alike. We want to keep them abreast of our progress, whether it is how we perform financially, or what we do to help preserve our environment and to enhance the social fabric of our communities. To that end, the Company has been publishing, since 2016, its annual sustainability reports that aim to address those relevant trends that affect both our industry and our society at large. The focus of the 2017 Report was on industry digitalization, a very visible trend that has risen to prominence over the last several years. Digital transition is, indeed, an essential factor of the so-called “new economy”, but it is not the only one. Arguably, a general outline of today’s world and its development course were set out in the United Nations’ framework of what is traditionally perceived as the underpinnings of sustainable development – economic efficiency, social welfare, and environmental security, and concisely summarized as the 2030 Sustainable Development Goals (SDGs) . The thrust of the SDGs is to eliminate existing inequalities in various areas, while preserving the environmental and social equilibrium, and creating new opportunities for all social groups. Governments, private businesses, NGOs, and other national and international actors have been actively pursuing the SDGs since 2015. -
Finances for Development: a New Platform for Stable and Balanced Relationships
FINANCES FOR DEVELOPMENT: A NEW PLATFORM FOR STABLE AND BALANCED RELATIONSHIPS PROGRAMME* Russia,1 Manege Square, Moscow www.ff.msk.ru * The programme is subject to change Dear friends, dear colleagues, This year we will meet for the third time at the Moscow Financial Forum to discuss matters related to Russia's financial and economic policy. We have set ourselves an ambitious goal of achieving a breakthrough in the country's social and economic development. We will work together with representatives of the expert, academic and business community, as well as with public representatives to devise mechanisms for the achievement of strategic goals set in the executive order signed by the President in May to promote the development of Russia. The Moscow Financial Forum will provide a platform for the search of such solutions. The Third Moscow Financial Forum will be held in the Manege Central Exhibition Hall on September 6 and 7, ahead of the Financial Expert's Day. This year's Forum is titled "Finances for Development: A New Platform for Stable and Balanced Relationships". Participants of the Forum will discuss the government's fiscal policy, ways to improve the standard of living in the country, priorities of inter-budgetary relations, transformation of public administration in the digital economy, as well as matters related to the development of the government control system and public procurement. We believe that the 3rd Moscow Financial Forum will represent a major breakthrough in terms of its scale and outcomes and that the ideas and proposals tabled for discussion will be put in practice in the course of social and economic reforms in the country. -
Outcomes of the 'Arctic: Territory of Dialogue
OUTCOMES OF THE ‘ARCTIC: TERRITORY OF DIALOGUE’ INTERNATIONAL ARCTIC FORUM 2019 CONTENTS Investing in the Arctic: 8 a new approach Infrastructure – the foundation 14 for Arctic development One Arctic for the 22 entire world The Arctic – 27 territory of life THE INTERNATIONAL ARCTIC FORUM 2019 IN FIGURES The Forum was attended by >3,600 representatives of the political, scientific, and business communities COUNTRIES REPRESENTED and leading media outlets from Russia and around the world The Forum was covered by 845media representatives The Forum saw from the signing 16 of countries: Russia, Canada, China, Estonia, Finland, 45agreements France, Germany, Italy, Japan, Norway, Largest delegations: Slovakia, Spain, Sweden, the United worth Kingdom, Vietnam, and the United States RUB billion* • Norway • Sweden • Iceland 69,8 • China • USA • Canada 52countries • Finland • Denmark • Japan 4 INTERNATIONAL ARCTIC FORUM 2019 IN FIGURES INTERNATIONAL ARCTIC FORUM 2019 IN FIGURES 5 The ‘Arctic: Territory of Dialogue’ 5th International Arctic Forum was held on 9–10 April 2019 in St. Petersburg under the theme ‘The Arctic. An Ocean of Opportunity’. The Forum agenda was devoted to discussions on the comprehensive socioeconomic development of Arctic territories and the development of mechanisms for the discovery and effective exploitation of the region's resource potential. “I am pleased to note that this Forum, which has now become a regular event, enjoys broad public support. Its noble goals unite expert and research communities, as well as prominent politicians and businesspeople from different countries – those who, in their official capacity or at the bidding of their heart, are involved in the important work of promoting the harmonious development of the Arctic and the preservation of its unique nature and the distinctive cultural traditions of the local peoples,” said President of the Russian Federation Vladimir Putin in his welcome address to Forum participants. -
East Asian Strategic Review 2019
East Asian Strategic Review 2019 East Asian Strategic Review 2019 The National Institute for Defense Studies, Japan ISBN978-4-86482-074-5 Printed in Japan East Asian Strategic Review 2019 The National Institute for Defense Studies Japan Copyright © 2019 by the National Institute for Defense Studies First edition: July 2019 All rights reserved. No part of this report may be reproduced in any form without written, prior permission from the National Institute for Defense Studies. This publication is an English translation of the original Japanese edition published in April 2019. EASR 2019 comprises NIDS researchers’ analyses and descriptions based on information compiled from open sources in Japan and overseas. The statements contained herein do not necessarily represent the official position of the Government of Japan or the Ministry of Defense. Edited by: The National Institute for Defense Studies 5-1 Ichigaya Honmura-cho, Shinjuku-ku, Tokyo 162-8808, Japan URL: http://www.nids.mod.go.jp Translated and Published by: Urban Connections Osaki Bright Core 15F, 5-15, Kitashinagawa 5-chome, Shinagawa-ku, Tokyo 141-0001, Japan Phone: +81-3-6432-5691 URL: https://urbanconnections.jp/en/ ISBN 978-4-86482-074-5 The National Institute for Defense Studies East Asian Strategic Review 2019 Printed in Japan Cover photo Japan-India joint exercise (JIMEX18) (JMSDF Maritime Staff Office) Eighth Japan-Australia 2+2 Foreign and Defence Ministerial Consultations (Japan Ministry of Defense) F-35A fighter (JASDF Air Staff Office) Preface This edition of the East Asian Strategic Review (EASR) marks the twenty-third year of the flagship publication of the National Institute for Defense Studies (NIDS), Japan’s sole national think tank in the area of security affairs. -
Kesarev Memo | New Russian Government | January 2020
Kesarev phone: +32 (2) 899 4699 e-mail: [email protected] www.kesarev.com NEW RUSSIAN CABINET: STAFF “REVOLUTION” INSTEAD OF STRUCTURAL REFORMS? Summary On January 21, 2020, President Putin approved the structure of the new Russian Government and appointed Deputy Prime Ministers and federal Ministers. New Prime Minister Mikhail Mishustin was appointed on January 16. What are the key specifics of the new Cabinet? The key specific feature of the new Russian Cabinet is that while the structural changes are minimal, the staff reshuffles proved to be radical, both in terms of the number of new people appointed to top offices and change of political status of key Cabinet members (how close they are to the President). This is an extremely atypical decision for Putin, compared to previous Cabinets over the entire period of his stay in power. Earlier, as a rule, the Cabinets included influential figures close to the President and personally associated with him, and a system of checks and balances between different elite groups existed. But at the same time, the decision to change the approach to the Cabinet appointments is logical in the context of a broader presidential “staff policy” over recent years - the so-called “technocratisation” of power (the appointment of young “technocratic” governors, the penetration of such figures into Medvedev’s second Cabinet, the appointment of the head of the Presidential Administration, a “technocrat” Anton Vayno during the Parliamentary election campaign in 2016 and the launch of “Leaders of Russia” contest in order to select and train a “succession pool” for the top positions in the federal and regional civil bureaucracy). -
Sinteza Stiri Externe 22.01.2020
Serviciul Comunicare și Relații Publice S I N T E Z Ă Ş T I R I PRESĂ INTERNAŢIONALĂ DOMENIUL MEDIUL DE AFACERI 22 ianuarie 2020 Calea Victoriei Nr. 152, Sector 1, București Tel: +4 021 2025 152 Email: [email protected] www.imm.gov.ro Serviciul Comunicare și Relații Publice SUEDIA Suedia își intensifică eforturile vizând producerea de energie regenerabilă și renunțarea la combustibilii fosili. Recenta lansare a Pactului Verde, la nivel UE, constituie un impuls suplimentar pentru Suedia în strategia sa de a deveni prima țară din lume care elimină total folosirea combustibililor fosili. Compania publică Vattenfal, specializată pe energie, va crea o capacitate de producere a energiei solare de 4,4 MW, la Uppsala, în apropierea capitalei Stockholm, prin instalarea și operarea a 11 mii de panouri solare. Grupul suedez Vattenfal are o prezență semnificativă și în alte state UE (Germania, Olanda, etc) și acționează pentru modificarea rapidă a profilului activității sale spre energie regenerabilă. Compania a vandut toate capacitățile sale legate de carbune în Germania și investește masiv în ferme eoliene și de energie solară. Astfel, Vattenfal derulează un proiect de mari dimensiuni în Amsterdam , care se va finaliza cu instalarea a peste 17 mii panouri solare de acoperiș și va produce 4,35 MW. Suedia se plasează pe un loc fruntaș în topul mondial al inventivității, realizat de Bloomberg. În ierarhia corespunzătoare anului 2019, Bloomberg Innovation Index, Germania este plasată pe primul loc, după dominația din ultimii 6 ani a Coreei de Sud. Suedia se găsește pe locul 5, în urcare cu două poziții față de anul anterior. -
The Price of Lockdown in Russia
Academy of Strategic Management Journal Volume 20, Special Issue 2, 2021 THE PRICE OF LOCKDOWN IN RUSSIA Yuri V. Kozyr, Institute of the Russian Academy of Sciences Oksana V. Teveleva, Institute of the Russian Academy of Sciences ABSTRACT In 2020, Russia's economy, like the economies of the rest of the world, faces an unprece- dented challenge from the coronavirus epidemic. With the lockdown, the global economic reces- sion, falling oil prices and related disruptions, the economy is likely to face a prolonged period of slowing growth. Whether the spring and summer lockdown was justified remains to be seen. Equally, the severity of the economic consequences remains to be assessed. In any case, the shock situation could not but affect the economic indicators, as well as the quality of life of the majority of Russians. Keywords: Lockdown in Russia, Economy during the Pandemic, Social Consequences of the Lockdown, Assessment of Economic losses from the lockdown, Forced Downtime of the Econ- omy INTRODUCTION In 2020, Russia's economy was affected by two negative factors simultaneously - the de- cline in world oil prices and the need to contain the spread of coronavirus infection. Strict measures in connection with the unfavorable epidemiological situation were taken in March - a lockdown was declared in Russia. And from the beginning of June, enterprises and organizations began to gradually resume their activities. However, due to the fact that the number of people affected by the disease continued to grow in Russia and worldwide, we cannot speak about re- covery even in January 2021 - many countries still impose restrictive measures (activities of many economic entities have been stopped, trade borders are closed and the movement of people between countries is prohibited).