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Course contents
- Introduction (Culture, Religion, Language,
Privatization, ...)
- Russia’s Regions and the CIS Countries
- Russian economy (Agriculture, Industry, Energy,
Banking, Transport, Customs, ...). Negotiating in Russia
- Main Ports in Russia. The Port of St. Petersburg.
- Foreign Direct Investment in Russia.
Establishing a business in Russia
- Payment System in Russia
Learning Unit Summary
Russia is the largest country in the world. Russia is one of the
world's richest countries in raw materials, many of which are significant inputs
for an industrial economy. Russia accounts for around 20 percent of the world's
production of oil and natural gas and possesses large reserves of both fuels.
Russia is one of the 10 largest economies in the world. Additionally,
it is the European Union 3rd largest trading partner, and an essential energy
supplier.
The performance of the Russian economy since the 1998 crisis has been impressive. Between
1998 and 2007, Russian GDP expanded by an estimated 69 percent, real incomes of the population grew by 82 percent and poverty (headcount) rates were cut more than in half to below 14 percent. The growth has been increasingly driven by domestic demand supported by ample liquidity due to high
prices on Russia's main export commodities - oil, gas and metals.
Developing the Russian market for your business will give you an easy access to
the markets of other newly independent republics of the former USSR. The fact that
Russian business etiquette and business practices are very similar to those
countries can be of great help.
The knowledge of cultural differences with your Russian partners will allow you
to understand them better, communicate more successfully, act correspondingly,
and foresee more effectively. The use of this knowledge on the specific Russian
market will allow you to be ahead of other western companies, and therefore
ahead of your direct competition.
Foreign investment is the second major element of Russia's reform
strategy to strengthen international economic links. At the end of 2007,
Russia’s cumulative volume of foreign direct investment (FDI) amounted to US$103
billion (according to Rosstat data). Last year Russia received US$27.8 billion
in FDI, twice that of the previous year. In just a few years, Russia has become
one of the largest recipients of FDI.
Available Languages :
EENI Site in Russian Language
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