"Сделал дело – гуляй смело"
Work well done makes rest sweet
We wish you festive and relaxing holidays, a Happy New Year and success in 2019!
2018 was a year of stability in Russia, especially in the following areas: Vladimir Putin won the presidential election in March and thus governs the country until 2024. The sanctions will continue to be maintained. Economic growth in the first three quarters amounted to 1.5%. For 2019, a similar value is expected, the forecasts range from 1.2% to 1.8%. Germany remains the second most important trading partner of Russia.
The major event of the year was certainly the football World Cup. For this occasion, the delegation trip "Football meets Business" to Moscow was organized by Ausserer & Consultants and the Ostausschuss - Osteuropaverein, which also highlighted the economic aspect of the 2018 World Cup. While the Russian national team scored the best result in their own country since years, the German team was eliminated in the preliminary round.
In July 2018, the Russian State Duma decided to increase the VAT from 18% to 20% from 01.01.2019 to improve living conditions in Russia. In addition, a pension reform was resolved. The retirement age will be increased by five years to 65 years for men and 60 years for women.
Anyone who lifts the glass on the coming holidays to toast to 2018 or even to erase the year from memory, we have a tip for you: The well-known toast "Na sdorowje" is not common in Russia, even if many non-Russians think that. Instead, a variety of toasts is used, for example "Sa sdorowje".
Business Set-Up, accounting and reporting in Russia
Ausserer & Consultants is an international tax and accounting company based in Moscow, St. Petersburg and Vienna. Since our foundation in 2012, we have made it our mission to support small and medium-sized companies in local accounting including tax returns, reporting, business Set-Up and expansion in Russia. We also advise on individual questions regarding the Russian market and support our clients at all times.