Russian official slams Romania's airspace refusal as ploy against Moldovan leaderRussian Politics & Diplomacy July 28, 17:23
Crimea’s electric power supply restoredWorld July 28, 16:54
Motorcycle swiped from Italy in 2012 turns up in St. PetersburgSociety & Culture July 28, 16:44
Brooklyn Nets deny media buzz that Prokhorov plans to sell controlling stakeSport July 28, 16:10
Russia begins work on deep-water robot to reach Mariana Trench’s floorScience & Space July 28, 15:55
Experts: alternative energy may be used widely in the ArcticBusiness & Economy July 28, 15:50
Russia launches trials of second Yasen-class nuclear-powered submarineMilitary & Defense July 28, 15:39
Aircraft carriers, amphibious ships, and GEVs key to Russian Navy’s futureMilitary & Defense July 28, 15:23
Blackout on Russian mainland leaves Crimea in the darkBusiness & Economy July 28, 15:22
MOSCOW, January 20. /TASS/. The number of representative offices, affiliates and legal entities with participation of German capital in Russia reduced by almost 7% in 2015, an official with the Russian-German Foreign Trade Chamber said.
"The total number of the representative offices, affiliates and legal entities involving German citizens and companies on the territory of Russia amounted to 5,583 companies. In 2014, 6,000 companies with German capital were registered in Russia," the expert of the Russian-German Foreign trade chamber said.
The expert said the decline may be due to the new procedure of reregistration of representative offices and affiliates that came into effect in Russia on January 1, 2015.
"As a result of the innovations which caused the transfer of the registry of entities from of the State Registration Chamber to the tax authorities the representative offices and branches of foreign companies encountered serious procedural difficulties and faced ungrounded refusals in the process of reregistration during the year. However, the main reasons for reducing the number of representative offices and branches were deteriorating economic situation in Russia in 2014-2015, and a significant devaluation of the ruble, which lowered the purchasing power of Russian customers of German companies," the expert said.