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private investment through e.g. development of various financing instruments and reforming investment agreement practices. Under the latest proposal, large investment projects requiring joint commitments from the parties would be allowed to lock in their tax treatment for up to 12 years.
4.5 Labour and income
4.5.1 Labour market, unemployment dynamics
Unemployment in Russia fell by 2,400 to a total of 684,700 as of August 15, its lowest level since the fall of the Soviet Union in 1991, the Minister of Labour Maxim Topilin said on August 20.
The tight labour market is a consequence of the slow growth as although companies are profitably they remain reluctant to borrow money or invest in expansion thanks to political uncertainties both at home and abroad.
38 RUSSIA Country Report October 2018 www.intellinews.com
