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Business Environment Russia Ukraine

Business Environment Russia Ukraine

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Published by Raj Mansuri

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Published by: Raj Mansuri on Jan 22, 2013
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07/16/2013

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Business Environmentof Technology Industriesin Russia and Ukraine
Comparative research
Kseniya Balueva
 
Foreword
Russia is the fastest growing market in the regions bordering Finland and the EuropeanUnion, and the economic integration between Finland and Russia is expanding continuously.Therefore Russia is becoming more and more important for the development of business andcompetitiveness in Europe in the near future. Russia’s unused potential for science, industry andservices offers totally new business opportunities for companies. Foreign investors’ interest inRussia is again reviving, but the lack of a realistic picture of the market is still an obstacle to therealization of projects.This report examines the development of Russian technological industry in comparisonwith that of Ukrainian. Ukraine and Russia began the market transition with broadly similar institutions, industrial structures and levels of technology, and the economic reforms implementedin the two countries were also similar, although Ukraine was reckoned to lag behind Russiain many areas. The main difference between them is Russia’s far greater resource wealth. It followsthose differences in industrial development since 1991 may to some degree be attributable todifferences in initial natural resource endowments. In short, Ukraine could provide a roughapproximation of how a resource-poor Russia might have developed over the transition.This report provides official and up-to-date information about business environment andeconomic background of analyzed countries. Data about labour costs and average working hours incomparison to the same key figures in European countries shows the picture of Russian andUkrainian labour markets. Information about technology industries such as output, export andimports between Finland and Russia, Finland and Ukraine provides picture of international tradedevelopment of industry. After reading one can understand what is really happening in Russia andUkraine. And that was the main goal of the work I did.Finland, June-August 2007Kseniya Balueva
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Table of content
Introduction..........................................................................................................................................4Geography and Resources............................................................................................................5Russia by regions.........................................................................................................................5Economic trends and backgrounds......................................................................................................7Growth and International integration...........................................................................................7Industrial production..................................................................................................................12Fixed Investment........................................................................................................................14Private consumption...................................................................................................................16Education system.......................................................................................................................17Taxation.....................................................................................................................................20Business condition.............................................................................................................................23Labour Market............................................................................................................................23Availability of skilled workforce.......................................................................................23Wages, Labour cost and working hour..............................................................................26Productivity................................................................................................................................33Infrastructure..............................................................................................................................35Research and Development........................................................................................................39Development of technology industries..............................................................................................44Metals.........................................................................................................................................46Mechanical equipment, electronic and electrotechnic (excl transport equipment)....................52Information Technology sector..................................................................................................56The Finnish technology industries operating in Russia.....................................................................57International trade. Russia, Ukraine and Finland.......................................................................57Finnish overseas subsidiaries.....................................................................................................63Summary............................................................................................................................................65
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