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| Doing business in Russia-Doing business with Russians
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| Thursday
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Have you ever thought of finding an on-line or off-line business partner from another country? If you have, then you have come upon the perfect opportunity.
Not many readers of this blog are aware that I was born and raised in Russia and know and understand the Russian language and culture.The ability to speak and write in 2 languages gives me the opportunity to create blogs and sites in both languages and expand my presence to different parts of the Internet. For example, Caffeine for Bloggers has its twin written in Russian.If you are interested in communicating with Russian entrepreneurs or want to find a business partner in Russia, then send me a letter and I will advertise your offer on my popular Russian blogLabels: business |
posted by blogger @ 9:57 PM
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| More than 50,000 cars made in China will be sold in Russia by the end of 2007
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| Friday
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More than 50,000 cars made in China will be sold in Russia by the end of 2007, Vice President of the Russian Chamber of Commerce Sergei Katyrin said on Friday, when opening the international conference on "Automobile Business in Russia and China: Development Trend and Cooperation Prospects".
Russia's import of Chinese cars grows rapidly. Only 260 were sold in 2004 and more than 50,000 will be sold by the end of 2007.
With such a sale growth, it is necessary to switch the trade to a civilised way and stop the chaos created on the Russian market. The conference is expected to help it, Katyrin added.
Representatives of Russian market dealers' circles believe that Chinese cars have already shown themselves on the Russian market and their share will steadily grow.
The secretary general of the Chinese association of automakers noted that China accumulated certain experience of mass car production over 20 years and was ready to share it with Russia colleagues.
He said that 7,200,000 cars were produced in China in 2006, and the country plans to considerably increase the export to Russia.
A Chinese embassy secretary noted that the Chinese-Russian trade turnover was expected to exceed 40 billion dollars in 2007 and to amount to 60-80 billion by 2010. Cars and spare parts account for a considerable part, and it is expected to exceed 16 percent, he added.
Chinese participants in the conference view the Russian market as the most promising for Chinese automakers and do not plan to be limited only to car sale in Russia. They said they planned to set up assembly production, sale and service centres.Labels: business, car, russian business news |
| posted by blogger @ 8:06 AM
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| Russia govt must stay out of business: financier
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| Tuesday
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MOSCOW (Reuters) - Russia needs to guarantee the rule of law and keep government out of business in order to guarantee future prosperity, a leading Moscow-based financier said at the Reuters Russia Investment Summit.
Boris Jordan, who helped advise on the country's first privatizations in the 1990s and now runs a $2 billion private equity and advisory firm named the Sputnik Group, said Russia had made huge progress since the rocky first days of capitalism.
The rouble was not fully convertible and currency controls had virtually gone -- but much remained to be done.
"The economic reform process, particularly over the last four years, in my opinion, has come to a grinding halt," Jordan told the Summit, held at Reuters' offices in Moscow.
"The big question is the rule of law ... probably the single biggest thing business in Russia today suffers from is that you can't really expect to get a proper court hearing," he said.
Jordan also mentioned the dispute between the government and one of the country's top 10 firms Russneft as an example of state interference which concerned investors.
......Wealthy Russian investors were now keener than in the past to invest in their homeland but still faced a shortage of suitable projects requiring major capital injections, he said.
Jordan said Sputnik, a 15-person group which manages only its own money, had 60 percent of its portfolio invested abroad. This was not because of worries about political risk but due to a lack of suitable investment projects in Russia.
Equally, the financier said that recent flows of capital out of Russia had not been driven by worries about forthcoming presidential and parliamentary elections but rather by the global lack of liquidity in the financial system.
........The Russian state, he suggested, should focus on infrastructure projects such as providing better roads and essential services to open up new suburbs, allowing residents to move out of crowded and densely populated cities. Read article hereLabels: business, russian business news |
| posted by blogger @ 5:27 PM
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