Moscow Arbitration Court will resume the hearing of the claim laid by IKEA MOS (Trade & Real Estate) that manages MEGA shopping centers in Russia against the Federal Tax Service on October 11, the Russian Agency for Legal & Court Information (RAPSI) reports. The plaintiff insists that the fiscal body’s claims be declared illegitimate. Now one MEGA shopping center operates in Yekaterinburg. It was reported earlier that IKEA refuses to pay about 500m RUR worth of taxes it does not see as lawfully charged. IKEA denies that the average annual price of the remodeling jobs completed by its

Bank Société Générale’s bank deposit ratings were demoted from Аа2 to Аа3. The long-term rating outlook is Negative, Moody’s reports. In 2011, Société Générale Group completed the merger of its Russia-based daughter enterprises: Bank Société Générale Vostok (BSGV) was merged with Rosbank, while retail-oriented Rusfinance Bank and mortgage-oriented DeltaCredit became its daughter enterprises.

A solemn awarding ceremony of the 7th International Prize Golden Chariot took place in the State Kremlin Palace. Ural Airlines won in one of the categories once again. A gilded figurine of a troika and a certificate of Russia’s Air Transport Leader were presented to the airline representatives by First Deputy Chairman of the State Duma Transport Committee Sergey Gavrilov and Director-General of Civil Aviation Administration Directorate-General Tilko Petrov. When selecting the winners, the prize coordination committee took into account a set of criteria such as the stable and safe performance,

Sverdlovsk Region Railways (a subsidiary of Russian Railways) announced the investment program for getting rid of narrow spots on the railroads might not have sufficient financing if the Russian Government decreases freight fares, RZhD Partner reports. Some sections of Sverdlovsk Region-based railroads already have poor traffic capacity, and the problem is getting worse due to the unpredictable traffic of private fleets of freight carriages. Russian Railways cannot provide enough of its own investment funds fully to resolve the infrastructure development problems. Besides, the current