G-20 Saint Petersburg Summit: the results and directions balanced development of the world economy

Last week in St. Petersburg (the first time in Russia) the G-20 (a group of the largest economies in the world (industrial Twenties)) Summit has been closed.

In the course of the summit, member countries have pledged to implement a series of reforms to create the conditions for sustainable and balanced growth in the long term. This will be achieved by working in the following areas:

1. Unemployment and underemployment, particularly among young people, are among the main challenges of the global economy. It is necessary to improve the business climate and stimulate the creation of more productive and well-paid jobs; to invest the development of the skills, quality education programs and continuing education throughout a person's life; to stimulate the target financing in the infrastructure of the labor market, to improve the quality of jobs and working conditions.

2. Attracting investment. Countries have admitted the key role of long-term investment in sustained global economic growth ensuring. Therefore it was planned to develop a comprehensive approach to identify and remove obstacles to the mobilization of private capital and improve investment conditions and the efficiency of state investment.

3. Improving global trade. World leaders have pledged to take the responsibility to fight against protectionism as the main obstacle to a transparent and competitive trade, including through more effective use of existing WTO rules.

4. The fight against tax evasion. The heads of states have come to a consensus on the issue of taxation of profit: profit should be taxed where entrepreneurial activity is conducted, where value is created. That directly concerned G-20 countries, which account for most of the world's GDP.

5. The international financial architecture. During previous summits it was agreed to increase the value of the IMF in the prevention and resolution of crises and maintaining global financial stability by increasing temporary financial resources available to the IMF. In St. Petersburg, the meeting participants concluded that today accounts FIP accumulated more than USD 461 billion. These resources are aimed at providing assistance to low-income countries in the development of conservative medium-term debt management strategies and increase their capacity to debt management.

6. Financial regulation. G-20 agreed on the implementation of the financial regulation reforms to reduce the risk of misconduct and systemic risks. The work on the convergence of financial reporting standards in order to increase the stability of the financial system, meeting the standards in the field of international cooperation and information exchange for financial supervision and regulation, reduction of risks associated with the operation of the shadow banking system, resolve issues of money laundering and terrorist financing is continuing.

7. Sustainable energy policy. Issues relating to the introduction of the green economy, clean energy technologies and energy security for long-term prosperity and well-being of present and future generations were discussed in the course of the summit.

8. Strengthening the fight against corruption. The fight against corruption by increasing transparency and improving measures to real observance of anti-corruption rules and obligations, including through the ratification of the UN Convention against Corruption was also discussed. By the way, Russia has not yet ratified the Article 20 of the Convention, implying a fight against the illicit enrichment of public officials.

In addition to the world's economic problems, the summit participants paid attention to the war in Syria. In this matter reaching an agreement has failed. Eleven countries have declared their support for U.S. action on military intervention in Syria, even in the absence of the mandate of the UN Security Council. Russia, the hostess of the meeting, opposes such military intervention. Open warfare could only tighten the knot of the conflict, and the consequences will incalculably affect the fragile world economy.

How to identify the unfair supplier?

According to the Article 19 of the 94th Federal law "On placing the orders for state and municipal needs" unfair suppliers are included in special register maintained by the Anti-Monopoly Service.

There are two reasons for entering in the mentioned register of unfair suppliers. First, if the auction winner refuses to sign the contract. In this case, the customer must notify the Federal Antimonopoly Service (FAS) for further verification and unfair supplier gets into the registry in case of validation. The second reason is significant violation of contract terms. In this case, the customer terminates the contract in court, and refers to the OFAS only after the court decision comes into force.

Information about the firm is in the Register of unfair suppliers (RUS) for two years from the entry date. The company has no right to participate in the bidding for this period of time, and only expiration could be the reason for the removal from the register.

In the future the requirements of keeping the Register are planned to be tightened. Now founders and directors of organizations included in the registry often start a new business or change tax number (INN) and continue their activities. Therefore, the FAS plans to add information on founders and directors to the registry. But as long as the change is not introduced, companies should take heed in order not to face the unfair suppliers while entering into agreements.

Specialized Information-analytical system Globas-i helps to find online all the necessary information about the supplier: registration data, information on licenses, litigation, leadership and shareholders structure. The system also contains information on the dates of inclusion and exclusion of the company to / from the Register of unfair suppliers. Moreover, the Reliability index is to appear in the system, with the help of such index the user can easily recognize a fly-by-night company.