Course Summary
Doing business in Russia Course e-learning. Russian Federation, CIS Countries, Ports, Foreign Direct Investment FDI, payment system, Establishing a business
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. Russia holds the world's largest natural gas
reserves, with 1,680 trillion cubic feet (Tcf)--more than twice the reserves in
the next largest country, Iran.
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.
Sample of the Course:
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.
Russia has signed a protocol with the European Union on its terms for entry
into the World Trade Organization. The EU's support removes a major obstacle to
Moscow's ambition of becoming a member of the trading bloc.
The Port of St. Petersburg is an important port for Russia. The Port
of St Petersburg is divided into different sections, of which each division has
its own vital role.
The Bank of Russia occupies a special place in the Russian payment
system. As an operator of its own payment system, it co-ordinates and regulates
settlement relations in Russia, monitors the activities of private payment
systems, setting guidelines for their functioning, and establishes non-cash
settlement rules, forms, terms and standards, as well as organises cash
circulation.
CIS (Community of Independent States) established by a treaty signed at
Minsk, Belarus, on December 8, 1991, by the heads of state of
Russia, Belarus, and Ukraine.
ESCAP - APEC - World Trade Organization
- Scholarships Russia - EENI Site in Russian Language
Course, Business, Russia, Russian, economy, Foreign Trade, Moscow, Doing business, Russian Federation, CIS Countries, Ports, Foreign, Direct, Investment FDI, payment, system, Establishing, Master, International Business
