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22Sep

Simple Tips That Will Help You Choose the Best Accounting Company in Russia

While doing business in Russia, you might have already learned the easy or the hard way that local accounting principles significantly differ from Western practices due to requirements of Russian law. As a way to save yourself from drowning in dozens of regulations and requirements, which can be confusing and time-consuming for ambitious business operations, […]
20Sep

Will November 1, 2017 be the Doomsday of Linkedin in Russia? What are the main alternatives of this social network?

4 main alternative professional networks that can replace the popular social platform For all the years of its existence in Russia, Linkedin did not reach a higher popularity than famous Russian job portals like Headhunter, Superjob, Rabota.ru, and others. However, it still has a large professional audience in Russia. First, it provided a better alternative […]
26Jul

Russia’s Import Substituton: Impressive Results by Carrots and Sticks… and a Little Money (PART 2 TO AWARA STUDY ON RUSSIA’S ECONOMY 2014 – 2016, YEARS OF SANCTIONS WARFARE)

Данная статья также доступна на русском языке. The most crucial outcome to date of Russia’s import substitution campaign is that it has insulated Russia against the effects of any further sanctions. Except for a few sectors, like agriculture, food processing and the automotive industry, the volume growth brought by import substitution is still modest. More […]
24Jul

Doing Business in Russia: Russian Financial System

Who Controls the Currency? According to Russian currency control legislation, residents are generally not allowed to buy or sell goods or services in any other currency than the Ruble. Transactions between a Russian resident and a non-Russian resident may be done in any world currency, as long as Russian currency control legislation is followed. When […]
30Jun

Doing Business in Russia: Company Law

Registration and the Worst Case Scenarios: Liquidation / Insolvency / BANKRUPTCY!? Who is liable? According to Russian company law, there are two different sorts of liabilities – parent liabilities and controller liabilities. Although the company’s capital is usually the shareholder’s sole liability (including amounts to be paid), should the company go bankrupt, the shareholders may […]
29Jun

What Does Not Kill You Will Make You Stronger – The Russian Economy 2014 – 2016, the Years of Sanctions Warfare

An Awara Accounting Economic Analysis: What Does Not Kill You Will Make You Stronger – The Russian Economy 2014 – 2016, the Years of Sanctions Warfare Данное исследование также доступно на русском языке This report is based on Awara Accounting’s research on how the Russian economy managed in 2014 – 2016 to cope with the […]
15Jun

ER International Meeting in Moscow 2017

May 19-20, 2017 marked the bi-annual board meeting of ER International, an integrated partnership of Human Resource consultants from across the globe. ERI operates as recruiting association for cross-border projects for international clients to ensure a strong support in various countries around the world. Through a strong network structure and cooperation between the partner firms […]
14Jun

Russian Statutory Audit — Choose Your Auditor for 2017

Awara advises selecting an auditor of financial statements for 2017 and recommends making a choice right now. We want to remind you that every company is required under Russian law to conduct statutory audits of 2017 in cases when: It should be also noted that companies that conduct statutory audit of financial statements for 2017 must […]
31May

Registration of non-Russian citizens during FIFA Confederations Cup

This summer Russia will host the international football tournament 2017 FIFA Confederations Cup. Due to this event, the President of Russia Vladimir Putin has adopted Decree № 202 that temporarily changes the rules of registration of foreign nationals in a number of Russian cities. The decree applies not only to fans traveling to Russia to […]