President Medvedev

President Medvedev urged the Russian government on Wednesday to take systemic measures to improve the country’s investment climate.  

"We need to provide more comfortable conditions for domestic and foreign companies for initial public offerings. According to the data I have, in the first eleven months of this year 14 companies have placed their shares in Russia, a figure that we can hardly be proud of. Of course, this is connected not only with legislation but also with our investment climate," he said, RIA Novosti reported. 

Russian consumer rights watchdog Rospotrebnadzor has charges Transaero airlines on 11 counts for delaying flights and not providing sufficient information to passengers. 

An administrative check will be conducted on delays of flights to Tel-Aviv, Khurgada, Alma-Ata, Riga, Berlin, Salzburg and Beijing, head of department Gennady Onishchenko told RIA Novosti. “We will monitor the operations of this company more closely,” Onishchenko added.  

Onishchenko first announced that there were claims against Transaero on Dec. 29. After that chairman of the board Alexander Pleshakov said Transaero planned to sue Onishchenko for his statements and accusations of unprofessionalism.

Earlier representatives of Transaero, Sibir, VIM-AVIA, Orenburgskiye Avialiny and Ut-air were invited to the prosecutor’s office to explain the delays. Investigators think these companies have perpetrated multiple violations of consumer rights.