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Doing Business in Russia - Research Project VM Consult

Doing Business in Russia - Research Project VM Consult

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Published by Ashish Ben Ajay

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Published by: Ashish Ben Ajay on Feb 22, 2012
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02/27/2013

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VM Consult
 –
 
“ 
Your first step onto a new market 
” 
 www.consultvm.com
 
1
Doing Business in Russia -Industry Overview
Prepared by VM Consult
Russian FederationJanuary 2011
 
 
VM Consult
 –
 
“ 
Your first step onto a new market 
” 
 www.consultvm.com
 
2
Executive Summary
This report will present a general overview of the most important elements of the Russian market for atarget audience of European managers and executives considering a move onto the Russian market.After providing a brief introduction we move on to describing the leading industries in the country andwith the help of statistical data and our own experience we analyse the current state of these sectors,identify trends and try to provide a forecast for the future. Next we look at potential driving factors forbusiness relations between Russia and the EU and explain our choice. Following this we draw on ourown professional experience as well as reports, testimonies and other data in order to identify andinform about the challenges of doing business in Russia for a foreign entrepreneur. In the conclusion wedraw all of our points together and try to provide some points for further reflection.
 
 
VM Consult
 –
 
“ 
Your first step onto a new market 
” 
 www.consultvm.com
 
3
Table of Contents
Executive Summary ....................................................................................................................................... 1About Us ........................................................................................................................................................ 3Foreword ....................................................................................................................................................... 31. Introduction .......................................................................................................................................... 42. Leading Industries in Russia .................................................................................................................. 62.1 Energy .................................................................................................................................................. 62.2 Construction ........................................................................................................................................ 62.3 Metallurgy and minerals ..................................................................................................................... 72.4 Retail and consumer............................................................................................................................ 92.5 Automotive ........................................................................................................................................ 102.6 Information and Communications Technologies (ICT) ...................................................................... 112.7 Chemicals .......................................................................................................................................... 113. Driving Factors for Russia-EU Business ............................................................................................... 124. General Challenges of Doing Business in Russia ................................................................................. 155. Conclusions ......................................................................................................................................... 176. Sources ................................................................................................................................................ 187. Contacts ............................................................................................................................................... 20
 About Us
VM Consult is an international business consulting firm that specialises in Russian market entryconsulting. We create value for our clients through attaining a considerable increase in the probability of the success of their
 
venture onto Russian market.
 
We offer a full spectrum of services for foreign small- and medium-sized enterprises wishing to breakinto the challenging Russian market - from preliminary market research to building of local partnernetworks, from analysis of the economic expediency of working in Russia to support with productlocalisation.
 
Our core advantages are:- Result based pricing (we are confident in achieving positive results and are able to base part of 
 
ourprice on achieved results)

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