Deputy Prime Minister Igor Shuvalov said in January. “It is important not to keep such a large number of companies and such a large share of the economy under government control. Of course, by 2020 this share must be reduced significantly. We must try to have no more than a quarter of the economy controlled by the government by the end of the current political cycle (by 2018),� he said in a speech at an investment forum. Shuvalov said that the privatization must not to done too hastily despite its urgency. M&A volumes fall by half in 2013 year-on-year
2013 were half as much as in 2012 - $52.8m. According to Dealogic, M&A volumes were down by 38% to $88bn. Russia fell from fifth place in Reuters global M&A ranking in 2012 to eighth place in 2013. 15-20% of Russians Work in Shadow Economy Up to a fifth of Russians work in a shadow economy that does not generate adequate tax payments, the country's labour minister said in January. He called for stricter legislation as well as economic incentives to promote transparency among Russian businesses.
Thomson Reuters also said that the volume of M&A transactions in
Infrastructure Aeroflot Expands Fleet With New 777-300ER and SSJ-100 Aeroflot has taken delivery of a new Boeing 777-300ER, the fifth of an order for sixteen of the aircraft, and its fifth full-specification Sukhoi Superjet 100 (SSJ-100). The 777-300ER is configured in a three-class arrangement, with business-, economy- and comfortclass salons. Aeroflot's comfort class has been designed with a focus on price and quality, and
includes a number of attractive features such as increased leg room, an upgraded on-board menu, additional baggage room and more Aeroflot Bonus reward miles. On Aeroflot's winter timetable the new 777-300ER will fly on routes to Sochi, Khabarovsk, Krasnoyarsk, Vladivostok, Hong Kong, Bangkok and Phuket. Russian-Made Superjets to Start Flights to US Russian-made Sukhoi Superjet-100 (SSJ-100) passenger aircraft will