![]()
- Dubai Seeks Debt Delay, Stokes Default Fears
- China Overcapacity Worsening, EU Chamber Warns
- Investing in Good Karma – and Making a Profit
- China Unveils Carbon Target Ahead of Copenhagen
- Wal-Mart Price Pressure Hurts China Workers: Report
- Black Friday to Avoid Red Ink; Greenback Gets the Blues
- Bankruptcies Jump, Hitting Highest Level in Four Years
- Steepest Black Friday Discounts, Revealed
- Where Do Pardoned Turkeys Go?
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Revenge of the Gangsta Nerds
- Will TCU See The "Flutie Effect?"
- Retail Earnings and Sales to Improve in Q4: Analyst
- Consumers Catching the Holiday Spirit
- It's Beginning To Look A Lot More Riskless
- Crescenzi: Claims Level Suggests End to Job Losses
- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
MOST SHARED
- The Executive Job Search
- Where Do Pardoned Turkeys Go?
- Chinese Overcapacity is Worsening, EU Chamber Warns
- Salvation Army's Kettles Now Credit Card-Ready
- Activision Prepares to Double Dip on ‘Modern Warfare 2’
- US Mint to Suspend American Eagle Gold 1-Ounce Coins
- Wal-Mart Price Pressure Hurts China Workers: Report
- Judge Erases Couple's $525,000 Mortgage Payment
- Topless Business Is Taking Off
By Oleg Shchedrov SINGAPORE, Nov 16 (Reuters) - Russia's President Dmitry Medvedev filed a mock application on Monday to open a Russian restaurant in Singapore, part of efforts to train his government in electronic efficiency to help a modernisation drive. Medvedev, who attended a regional summit in the city-state at the weekend, asked Singapore officials to demonstrate how documents can be circulated through the Internet -- something the Kremlin has tried to launch at home without much success. "We tried to set up a Russian restaurant in Singapore," Medvedev told a meeting of business leaders from both countries after filling in an appropriate online form during the demonstration. "We will see in eight days whether it works." Officials said the application was on online exercise and Medvedev was not expected to actually open or run a restaurant afterwards. Investors cite red tape as one of the worst problems businesses face in Russia. Huge amounts of paperwork and applications to dozens of official organisations are needed to launch or run firms, discouraging business and breeding corruption. "Some time ago I proposed launching a comprehensive modernisation of the Russian economy based in innovation ... to improve its competitiveness," Medvedev told the business leaders. By contrast, financial centre Singapore is known for its efficiency and ease of doing business, and its civil servants ranked top in Asia according to a study this year by Political and Economic Risk Consultancy. Medvedev seeks to use a post-crisis exit strategy to forge Russia's modernisation, after saying excessive dependence on energy and raw materials exports caused extra pain for Russia during the global economic crisis. Medvedev, running Russia in tandem with his powerful Prime Minister Vladimir Putin, has clearly indicated his modernisation drive was not intended to completely disassemble the country's Kremlin-controlled political system. Opponents blame Putin, who remains Russia's most influential politician, for boosting state involvement in the economy. "Singapore shows how many things can be achieved successfully, with tight participation of the government, without its excessive involvement," Medvedev told business leaders after attending an Asia-Pacific Economic Cooperation (APEC) summit. Singapore is looking to export "eGovernment" solutions to other countries. APEC's Executive Director Michael Tay, a former Singaporean ambassador to Russia, is also seeking to drive more business links and investment between the two countries. Medvedev has ordered officials to ease procedures needed to register new companies. The project of "electronic government" is aimed at moving most registration and tax clearance to the internet, but previous such Russian efforts have failed. (Editing by Neil Chatterjee and Jerry Norton) Keywords: RUSSIA SINGAPORE/ (oleg.shchedrov@thomsonreuters.com; phone: +7 485 775 1242) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
- For nearly three decades, these on-call experts have been dishing advice on how to – and not to – cook turkey.
- Eric Schmidt pledges to create a virtual copy of the Iraq National Museum at Google’s expense.
- Bill Griffeth is taking a leave of absence from CNBC and Power Lunch for a year. Here's a message from Bill.
- More shoppers than ever plan to comparison-shop this season. Who will benefit?
- It may be the most unusual guide to business you'll read.
- How can you get out of debt and back on the road to recovery? Follow these ten steps.











