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Russia - Geography, Economic Reforms and Business Culture
Russia - Geography, Economic Reforms and Business Culture
Russia - Geography, Economic Reforms and Business Culture
Russia - Geography, Economic Reforms and Business Culture
Russia - Geography, Economic Reforms and Business Culture
Russia - Geography, Economic Reforms and Business Culture
Russia - Geography, Economic Reforms and Business Culture
Russia - Geography, Economic Reforms and Business Culture
Russia - Geography, Economic Reforms and Business Culture
Russia - Geography, Economic Reforms and Business Culture
Russia - Geography, Economic Reforms and Business Culture
Russia - Geography, Economic Reforms and Business Culture
Russia - Geography, Economic Reforms and Business Culture
Russia - Geography, Economic Reforms and Business Culture
Russia - Geography, Economic Reforms and Business Culture
Russia - Geography, Economic Reforms and Business Culture
Russia - Geography, Economic Reforms and Business Culture
Russia - Geography, Economic Reforms and Business Culture
Russia - Geography, Economic Reforms and Business Culture
Russia - Geography, Economic Reforms and Business Culture
Russia - Geography, Economic Reforms and Business Culture
Russia - Geography, Economic Reforms and Business Culture
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Russia - Geography, Economic Reforms and Business Culture

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  • 1. Russia Parth Majmudar Mumbai Geography Economic Reforms Business Etiquettes
  • 2. • Located in Northern Eurasia (Northern Hemisphere) • Area- total: 17,075,200 sq km land: 16,995,800 sq km water: 79,400 sq km Population : 143 million (as of 2012) • Climate data for Russia (records) Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year Record high °C (°F) 22.2 (72) 23.8 (74.8) 30.3 (86.5) 34.0 (93.2) 37.7 (99.9) 43.2 (109.8) 45.4 (113.7) 43.5 (110.3) 41.5 (106.7) 33.7 (92.7) 29.1 (84.4) 25.0 (77) 45.4 (113.7) Record low °C (°F) −71.2 (−96.2) −64.4 (−83.9) −60.6 (−77.1) −46.4 (−51.5) −28.9 (−20) −9.7 (14.5) −9.3 (15.3) −17.1 (1.2) −25.3 (−13.5) −47.6 (−53.7) −58.5 (−73.3) −62.8 (−81) −71.2 (−96.2) Source: Pogoda.ru.net[125] en.wikipedia.org
  • 3. Topography • Most of Russia consists of plains, steppe to the south and forested to the north with tundra along the northern coast • Mountain ranges are found along the southern borders (Caucasus, Altai, Verkhoyansk, Kamchatka Peninsula) • Extensive coastline of 37000 kms • Thousands of rivers ( Volga, Ob, Amur, Lena) and fresh water lake (Lake Baikal) • Second only to Brazil in volume of water renewable resources • World’s largest forest reserves
  • 4. Natural resources: oil, natural gas, coal, and many strategic minerals, timber Natural hazards: • • • • Permafrost - Siberia Volcanic activity - Kuril Islands Volcanoes and earthquakes - Kamchatka Peninsula Spring floods - Siberia and parts of European Russia Current issues: • • • • Air pollution Deforestation Soil erosion Groundwater contamination from toxic waste en.wikipedia.org
  • 5. Modes of Transport Airways: 1,216 airports Railways: 87,157 km Roadways: 982,000 km Waterways: 102,000 km ( Coastline of 37000 kms) Ports & Terminals: • Kaliningrad • Kavkaz • Nakhodka • Novorossiysk • Primorsk • Saint Petersburg • Vostochnyy Source- www.cia.gov
  • 6. Important Cities • Moscow • Labinsk • Pskov • St. Petersburg • Vladivostok • Irkutsk
  • 7. Economic Reforms Started in 1990 Goals: • Macroeconomic stability • Restructure the country's economic framework • Open the market for the foreign investors Reforms Undertaken: • Minimized Government's expenditure • Planned government's budget deficit • Improved the tax system(Profit tax) • Decrease inflation • Land reform and judicial reform • Credit Expansion • Reduction of subsidy and increasing the revenue Source- http://finance.mapsofworld.com/economy-reform/russia/ • 24 SEZs
  • 8. Economy GDP : $2.229 trillion (2012est.) (8th largest by nominal GDP) GDP - real growth rate: 3.8% (2010 est.) GDP - per capita (PPP): $15,900 (2010 est.) Unemployment rate: 7.6% (2010 est.) GDP - composition by sector: Agriculture: 4.2% Industry: 33.8% Services: 62% (2010 est.) Source- http://finance.mapsofworld.com/economy-reform/russia
  • 9. Economy Industrial production growth rate: 8.3% (2012 est.) Exports: $376.7 billion (2012 est.) Exports - commodities: petroleum and petroleum products, natural gas, metals, wood and wood products, chemicals Imports: $237.3 billion (2012 est.) Imports - commodities: machinery, vehicles, pharmaceutical products, plastic, semi-finished metal products, meat, fruits and nuts, optical and medical instruments, iron, steel Source – www.cia.gov
  • 10. Economy Oil – production : 10.12 million bbl/day (2010 est.) Natural gas - production: 583.6 billion cu m (2009) Exchange rates: Russian rubles (RUB) per US dollar – 33.35 (2010) Source – www.cia.gov
  • 11. Russian Economy Comparison with India
  • 12. Cultural Dimensions Source : The Hofstede Centre
  • 13. Appearance • Formal and conservative • Men - business suits • Women - should wear subdued coloured business suits with skirts that cover the knees • Shoes should be polished • Men often do not take off their jackets in negotiations • Do not stand with your hands in your pockets. This is considered rude Source - www.cyborlink.com/besite/russia.htm
  • 14. Relationships and Communication • Russians are transactional • It is still a good idea to develop a network of people who you know and trust • Patience is essential • Sincerity is crucial as it is required to build trust, and trust is needed to build a relationship • Most Russians do not trust people who are 'all business' Source - www.cyborlink.com/besite/russia.htm www.kwintessential.co.uk
  • 15. Business Meeting Etiquette • Appointments are necessary • Punctually for meetings • Schedules are constantly changing • Meetings can be cancelled on short notice • Meetings are frequently interrupted. • At the end of the meeting, expect to sign a ‘protokol', which is a summary of what was discussed. Source - www.cyborlink.com/besite/russia.htm www.kwintessential.co.uk
  • 16. Working Practice and Negotiations • Do not like being rushed • Hierarchy is important • Compromise as weakness • Negotiating until you offer concessions • Lose their temper • Nothing is final until the contract is signed. Even then, Russians will modify a contract to suit their purposes Source - www.cyborlink.com/besite/russia.htm www.kwintessential.co.uk
  • 17. Business Cards • Exchanged after the initial introductions • Have one side of your business card translated into Russian using Cyrillic text • Include advanced university degrees on your business card. • Hand your business card so the Russian side is readable to the recipient. Source - www.cyborlink.com/besite/russia.htm www.kwintessential.co.uk
  • 18. Thank You

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