Head of Russian delegation to OSCE PA says Ukraine not ready for dialogueRussian Politics & Diplomacy February 25, 5:02
Russian baritone Hvorostovsky cancels concerts due to continuing treatmentSociety & Culture February 25, 3:22
Russian prime minister declares 3rd Winter World Military Games openMilitary & Defense February 24, 22:33
Russia to veto UNSC resolution imposing sanctions on Syria — envoyRussian Politics & Diplomacy February 24, 22:29
Ukrainian MP Savchenko arrives in Donetsk republic to visit Ukrainian prisoners — agencyWorld February 24, 22:25
Russian Defense Ministry surprised over German MPs reaction to Reichstag miniature plansRussian Politics & Diplomacy February 24, 16:32
Iraq's PM orders airstrikes on IS positions in SyriaWorld February 24, 16:09
Nord Stream 2 financing model to be ready by year end - OMVBusiness & Economy February 24, 13:44
Churkin left bright mark in history of Russian diplomacy, Lavrov saysRussian Politics & Diplomacy February 24, 12:20
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.