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18Jan

Characteristics of Russian Accounting

A general characteristic of Russian law and its application is that formalities overrule the practical side of business practices. Accountancy is no exception to this. International accounting includes elements of financial reporting, whereas in Russia, accountancy is merely related to the concept of bookkeeping. The accountancy system is regulated by the state, and it is […]
  • Posted by Sergey Minyailo
  • On January 18, 2012
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11Jan

Corporate Culture Audit — Awara’s Unique Approach

Awara has the expertise, resources and in-depth understanding of the Russian business environment needed to help our clients build a modern, innovative and winning corporate culture. By a corporate culture audit, we can identify the weaknesses in the corporate culture and help draw a plan for upgrading it so that the company can reach its […]
  • Posted by Jon Hellevig
  • On January 11, 2012
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25Nov

Change in Social Tax

Dear Executives, We would like to inform you that on November 23, 2011 the State Duma passed amendments to the laws governing employers’ social contributions (“social tax”). Rates & Scales According to these amendments, the rates and scales of the social contributions have changed. The maximum rate is lowered from 34% to 30% and will […]
  • Posted by Jon Hellevig
  • On November 25, 2011
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23Nov

Hellevig, Klein & Usov Law Firm Joins TELFA with Its Alliance with USLAW

Coinciding with Russia’s imminent accession into WTO, Hellevig, Klein & Usov Llc, attorneys, the law firm of Awara Group, has in November 2011 been invited to join the prestigious alliance of European law firms, TELFA. This is the first time a Russian law firm has been extended this opportunity and now Hellevig, Klein & Usov […]
  • Posted by Eugene Isaev
  • On November 23, 2011
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21Nov

Awara Expanding in Ukraine

Awara expands further in Ukraine with acquisition of Smithbridge After one year of successful operations in Ukraine Awara (formerly known as Avenir) will expand in Ukraine by acquiring the business of Smithbridge, Kiev. Elena Mashkova will continue as the Managing Partner of the Ukrainian business. Managing Partner of Awara comments on the move: “We have known and […]
  • Posted by Jon Hellevig
  • On November 21, 2011
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05Sep

Avenir Is Now Awara

We have decided to change our name from Avenir to Awara in order to better communicate to our clients the uniqueness of all what we do. What’s in a Name? “What’s in a name? That which we call a rose by any other name would smell as sweet.” (Juliet to Romeo, Shakespeare) The Avenir name […]
  • Posted by Jon Hellevig
  • On September 5, 2011
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24Mar

Latest Amendments to Russian Migration Law

According to the amendments to immigration law, which came into effect in mid-February 2011, companies employing foreign nationals could no longer register their foreign employees at the company’s address. The owners of the apartments in which foreign employees actually reside are now responsible for such registration. These amendments have caused considerable difficulties for employers to […]
  • Posted by Eugene Isaev
  • On March 24, 2011
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15Feb

Awara Presents its New Marketing Business Unit – Awara Marketing

With Russian business experiences strong growth, it opens up new interesting possibilities for companies seeking to strengthen their market position. Awara has set up a new business unit to assist companies in developing and expanding on the Russian market. To strengthen their position on the Russian market, companies should be aware of this ever-changing market environment, […]
  • Posted by Awara
  • On February 15, 2011
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08Feb

Recent Amendments to Russian Migration Law

Amendments to Russian Migration Law will become effective as of 15.02.2011. The law “On migration registration” will be amended as follows: • Foreign nationals may be registered only at their place of residence (for instance, rented apartment, hotel, etc.) To register a foreign national’s address of residence, the following additional documents should be submitted in […]
  • Posted by Eugene Isaev
  • On February 8, 2011
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