This document summarizes an investment presentation in Russia given by Pavel Markov. It highlights key reasons to invest in Russia such as its large consumer market and natural resources. It also discusses Russia's skilled workforce and low unemployment rate. The document outlines some restrictions on foreign ownership in certain industries. It provides examples of foreign investment projects in Russia and notes Russia's improvements in business regulations according to the World Bank's Doing Business report.
A new era is about to start in Kazakhstan. Faced with external economic pressures and reduced oil revenues, the country’s leadership has launched two major initiatives designed to stimulate the economy – Plan for a Nation and Bright Path. Invest in Kazakhstan 2016 drills under the surface of the reforms to find out what opportunities they present for investors.
Invest in Ukraine: Transport InfrastructureOfficeNIC
This is a comprehensive analysis of the transport infrastructure sector in Ukraine. It is an integrated guide for perspective investors who are exploring opportunities in Ukraine. The report includes key figures characterizing the market, as well as information about the ongoing projects. This report also contains the list of forthcoming reforms and policy development needed to boost Ukrainian transport infrastructure. The report was prepared by the Office of the National Investment Council of Ukraine and presented at the Council meeting in Kyiv, on May 25, 2018
Prospects for Russian-Chinese Cooperation in Central Asia. RIAC ReportRussian Council
The Working Paper is prepared by the Russian International Affairs Council (RIAC) as part of the “Russia’s Interests in Central Asia” project. The goal of the publication is to outline the possibilities of cooperation between Russia and China in Central Asia by analyzing the interests of the two countries in relation to the interests of the Central Asian states themselves. The Paper also discusses risks and security challenges which are on the rise in the region and may impede the implementation of economic development projects such as the Eurasian Economic Union (EEU) and the Chinese Silk Road Economic Belt (SREB) initiative.
The Working Paper covers the economic interests and presence of Russia and China in the region, and compares their resources for ensuring security. Special attention is paid to the possible cooperation between the two powers in tying together the EEU and the SREB. The authors suggest several promising formats and areas which are in the best interests of both Russia and China, and, first and foremost, in the best interests of the Central Asian states themselves.
A new era is about to start in Kazakhstan. Faced with external economic pressures and reduced oil revenues, the country’s leadership has launched two major initiatives designed to stimulate the economy – Plan for a Nation and Bright Path. Invest in Kazakhstan 2016 drills under the surface of the reforms to find out what opportunities they present for investors.
Invest in Ukraine: Transport InfrastructureOfficeNIC
This is a comprehensive analysis of the transport infrastructure sector in Ukraine. It is an integrated guide for perspective investors who are exploring opportunities in Ukraine. The report includes key figures characterizing the market, as well as information about the ongoing projects. This report also contains the list of forthcoming reforms and policy development needed to boost Ukrainian transport infrastructure. The report was prepared by the Office of the National Investment Council of Ukraine and presented at the Council meeting in Kyiv, on May 25, 2018
Prospects for Russian-Chinese Cooperation in Central Asia. RIAC ReportRussian Council
The Working Paper is prepared by the Russian International Affairs Council (RIAC) as part of the “Russia’s Interests in Central Asia” project. The goal of the publication is to outline the possibilities of cooperation between Russia and China in Central Asia by analyzing the interests of the two countries in relation to the interests of the Central Asian states themselves. The Paper also discusses risks and security challenges which are on the rise in the region and may impede the implementation of economic development projects such as the Eurasian Economic Union (EEU) and the Chinese Silk Road Economic Belt (SREB) initiative.
The Working Paper covers the economic interests and presence of Russia and China in the region, and compares their resources for ensuring security. Special attention is paid to the possible cooperation between the two powers in tying together the EEU and the SREB. The authors suggest several promising formats and areas which are in the best interests of both Russia and China, and, first and foremost, in the best interests of the Central Asian states themselves.
Economic Ties of Georgia with Central Asian Countries and Future Cooperation ...ijtsrd
Central Asia is decisively one of the most significant regions in the world that makes a valuable contribution to Eurasian economic cooperation. The region is affluent with natural and energy resources that arouse the interest and desire for collaboration among the neighbors and generally, rest of the world. Georgia and the Central Asian republics are connected by historical liaison, starting from the ancient Silk Road. Although the multilateral relations have improved significantly over the years, much remains to be undertaken. For this region, Georgia is a gateway to connect with the Western world. On the other hand, Central Asia is also in Georgian interest, that allows the country to be involved in regional transportation projects, as well as increase its access to Asian markets. The aim of the following paper is to analyze economic relationships between Georgia and Central Asian countries in terms of foreign trade, tourism, foreign direct investments and remittances, detailed by countries. Additionally, the study pays attention to future collaboration perspectives and priority areas between the countries. This incorporates the partnership in such strategic spheres, as trade, energy, transport, tourism and infrastructure. The analysis of these issues is crucial since the economic intimacies between the given countries will contribute to deepening cooperation between the nations of the region and push Eurasian economic cooperation ahead. Davit Shatakishvili "Economic Ties of Georgia with Central Asian Countries and Future Cooperation Perspectives" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-6 , October 2021, URL: https://www.ijtsrd.com/papers/ijtsrd46396.pdf Paper URL : https://www.ijtsrd.com/economics/international-economics/46396/economic-ties-of-georgia-with-central-asian-countries-and-future-cooperation-perspectives/davit-shatakishvili
This paper examines the motives behind foreign direct investment (FDI) in a group of four CIS countries (Ukraine, Moldova, Georgia and Kyrgyzstan) based on a survey of 120 enterprises. The results indicate that non-oil multi-national enterprises (MNEs) are predominantly oriented at serving local markets. Most MNEs in the CIS operate as 'isolated players', maintaining strong links to their parent companies, while minimally cooperating with local CIS firms. The surveyed firms secure the majority of supplies from international sources. For this reason, the possibility for spillovers arising from cooperation with foreign-owned firms in the CIS is rather low at this time. The lack of efficiency-seeking investment poses further concern regarding the nature of FDI in the region. The most significant problems identified in the daily operations of the surveyed foreign firms are: the volatility of the political and economic environment, the ambiguity of the legal system and the high levels of corruption.
Authored by: Malgorzata Jakubiak
Published in 2008
On 26 November 2014, the "Regional Economic Cooperation and Integration (RCI) in Asia" Programme of Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH held an Expert Hearing and Roundtable on "Port Cooperation in the Pan-Beibu Gulf Region" in Bangkok, Thailand. In the scope of the workshop a study conducted by Hamburg Port Consulting (HPC) was presented and benefits as well as challenges of maritime cooperation in the region were discussed. This document summarises the objective, main themes and results of this event.
In September 2013, China proposed the strategy of “One Belt, One Road” for the first time. According to this
context, a comprehensive analysis of the import and export commodities between Shaanxi Province and the Belt and
Road countries was carried out. The analysis found that mechanical and electrical products of Shaanxi Province took
up the largest volume of trade,which had a rapid growth, was followed by light industry and medicine and other
products with stable growth. Shaanxi Province, with coutries along “one belt one road”, shared a relatively high
trade volume of agricultural products, mechanical and electrical products, mineral products and light industrial and
pharmaceutical products, compared to the small one of software and cultural products.
Kazakhstan continues to climb each year in important measures of the conditions favorable to foreign investment, human capital, and doing business in Kazakhstan.
The Economic Research Institute was funded by Government of Kazakh SSR decree in May 1961 according to the state plan of Kazakh SSR. Ministry of Economic Development and Trade of the Republic of Kazakhstan is a sole shareholder.
The Institute has 7 research centers which major areas of research are: macroeconomic analysis and forecast, applied economical and mathematical research, economic research expertise, strategic elaboration and economic research, performance evaluation of public bodies’ activities, entrepreneurship development and regional policy.
Proposals on Building a Regional Security System in West Asia and North AfricaRussian Council
This paper presents proposals on building a regional security system in West Asia and North Africa. The authors propose to use the term “West Asia” to facilitate new views and approaches on the existing problems and bring economic and geographical interaction to the forefront of the relations between the external and regional actors and within regional actors themselves. The authors emphasize the need to reorganize the economies of the states of the region, including, in particular, the Arab Mashreq subregion. It would help to restore the previously disrupted balance of power. The multiplicity of crises in West Asia and North Africa impairs the effectiveness of the region’s international institutions and is not conducive to advancing regional integration projects. Setting up provisional working groups comprised of regional leaders (or using similar formats) appears to be the most adequate solution; strategically, the most adequate way would be to create a comprehensive security system.
Defining Dialogue: How to Manage Russia-UK Security RelationsRussian Council
At present, Russian-British relations are in deep crisis.
Will countries be able to restore a regular and systematic dialogue at the highest level?
What are the prospects for cooperation between Russia and Britain in the sphere of security, combating international terrorism and countering extremism, including in the Greater Middle East?
What mechanisms need to be worked out to strengthen confidence-building measures, prevent radicalization and develop cooperation in the fight against cybercrime.
These and other issues related to the past, present and future of Russian-British security relations are discussed in the joint report of the Russian International Affairs Council (RIAC) and the Royal United Services Institute for Defense and Security Studies (RUSI).
Россия значительно улучшила свое положение в глобальных цепочках добавленной стоимости (global value chains или GVC) с середины 1990-х годов, говорилось в исследовании ЕЦБ, опубликованном прошлым летом. Авторы рассматривали изменения, произошедшие в период с 1995 по 2011 год.
Building an Innovation-Driven Economy – The Case of BRIC and GCC CountriesMaxim Kotsemir
Available at SSRN: https://ssrn.com/abstract=2491488
Purpose – The purpose of this paper is to undertake an analysis of the attempts of Gulf Cooperation Council (GCC) and Brazil, Russia, India and China (BRIC) countries to catch up in their national development to build an innovation-driven economy on which to base future growth and wealth. We conducted an analysis of GCC and BRIC countries to show the different strategies leaders have taken to try and achieve this aspiration. This paper analyses the various aspects of national innovation systems of BRIC and GCC countries, highlights similar and different approaches and attempts to quantify their success. For example, GCC countries spend extensively on research and development (R&D), but have so far achieved less than meaningful results. Brazil, China and India are catching up to the acknowledged world leaders in innovation, but Russia is lagging.
Design/Methodology/Approach – Our comparison was based mostly on secondary data from sources and institutions that use statistical data to build country rankings, such as the Global Competitiveness Index (GCI) produced by the World Economic Forum. BRIC and GCC countries were analyzed over 1996-2011 because most of the indicators data are only available from 1996. Data related to intellectual property rights have been collected since 1999 or 2000. The data available for the number of researchers proved problematic for both BRIC and GCC countries. For instance, some data for the GCC countries was missing. To not leave a gap, we extrapolated in line with the overall trend; using the least squares method to approximate a straight line for the missing data based on what had already been reported.
Findings – Counter-intuitively, we will argue that the push toward an innovation-based economy is actually not dependent on total expenditure on R&D, but rather relies on the efficient allocation of investments and the rigorous implementation of innovation strategy. And, we will demonstrate this by showing our ideas in relation to both BRIC and GCC countries. This analysis raises fascinating points of discussion for those looking to build an innovation economy in other countries and has practical implications for policy-makers and policy implementers in all countries.
Originality/Value – First analysis of the correlation of gross expenditure on R&D (GERD) with gross domestic product (GDP) growth and Straits Times Index (STI) policy measures.
Obstacles Encountered by Foreign Investors in Kosovonakije.kida
Abstract: The purpose of the paper is finding obstacles that led to the reduction of foreign ivestitors’ motive to
come to Kosovo. Through the survey was taken the opinion of the sample from 306 current investors with 100%
foreign capital operating in Kosovo. Descriptive analysis has depicted the main obstacles in their business
activity. Weak enforcement of law, corruption, failure to integrate into the EU, poor infrastructure, lack of
financial incentives, poor business climate, highlighted poverty, frequent legal changes are part of these
obstacles. However, Kosovo has the youngest workforce in Europe, well educated and who speak more than one
language. Multiple natural properties make it attractive, toond. The main conclusion that can be drawn from the
above findings is that Kosovo has not become fully available to all mechanisms to welcome the foreign investors.
It is suggested that the government comes up with concrete projects to stimulate investors and create the
necessary climate to develop their business.
Keywords: Foreign Investors in Kosovo; Obstacles encountered by investors, Surveys, Descriptive analysis.
Identifying risks trough economic complaints & appetite
Based on official data:
Russian Export Strategy 2030
Conception of the long socio-economic development of the Russian Federation until 2020
Foreign Trade Strategy 2020
Strategy of Innovative Development of the Russian Federation until 2020
Conception of the Foreign Policy of the Russian Federation
Government Program “Foreign Economic activity Development”
Presidential Decrees
Support for Access to Foreign Markets and Export Promotion
Industrial risks
Economic Ties of Georgia with Central Asian Countries and Future Cooperation ...ijtsrd
Central Asia is decisively one of the most significant regions in the world that makes a valuable contribution to Eurasian economic cooperation. The region is affluent with natural and energy resources that arouse the interest and desire for collaboration among the neighbors and generally, rest of the world. Georgia and the Central Asian republics are connected by historical liaison, starting from the ancient Silk Road. Although the multilateral relations have improved significantly over the years, much remains to be undertaken. For this region, Georgia is a gateway to connect with the Western world. On the other hand, Central Asia is also in Georgian interest, that allows the country to be involved in regional transportation projects, as well as increase its access to Asian markets. The aim of the following paper is to analyze economic relationships between Georgia and Central Asian countries in terms of foreign trade, tourism, foreign direct investments and remittances, detailed by countries. Additionally, the study pays attention to future collaboration perspectives and priority areas between the countries. This incorporates the partnership in such strategic spheres, as trade, energy, transport, tourism and infrastructure. The analysis of these issues is crucial since the economic intimacies between the given countries will contribute to deepening cooperation between the nations of the region and push Eurasian economic cooperation ahead. Davit Shatakishvili "Economic Ties of Georgia with Central Asian Countries and Future Cooperation Perspectives" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-6 , October 2021, URL: https://www.ijtsrd.com/papers/ijtsrd46396.pdf Paper URL : https://www.ijtsrd.com/economics/international-economics/46396/economic-ties-of-georgia-with-central-asian-countries-and-future-cooperation-perspectives/davit-shatakishvili
This paper examines the motives behind foreign direct investment (FDI) in a group of four CIS countries (Ukraine, Moldova, Georgia and Kyrgyzstan) based on a survey of 120 enterprises. The results indicate that non-oil multi-national enterprises (MNEs) are predominantly oriented at serving local markets. Most MNEs in the CIS operate as 'isolated players', maintaining strong links to their parent companies, while minimally cooperating with local CIS firms. The surveyed firms secure the majority of supplies from international sources. For this reason, the possibility for spillovers arising from cooperation with foreign-owned firms in the CIS is rather low at this time. The lack of efficiency-seeking investment poses further concern regarding the nature of FDI in the region. The most significant problems identified in the daily operations of the surveyed foreign firms are: the volatility of the political and economic environment, the ambiguity of the legal system and the high levels of corruption.
Authored by: Malgorzata Jakubiak
Published in 2008
On 26 November 2014, the "Regional Economic Cooperation and Integration (RCI) in Asia" Programme of Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH held an Expert Hearing and Roundtable on "Port Cooperation in the Pan-Beibu Gulf Region" in Bangkok, Thailand. In the scope of the workshop a study conducted by Hamburg Port Consulting (HPC) was presented and benefits as well as challenges of maritime cooperation in the region were discussed. This document summarises the objective, main themes and results of this event.
In September 2013, China proposed the strategy of “One Belt, One Road” for the first time. According to this
context, a comprehensive analysis of the import and export commodities between Shaanxi Province and the Belt and
Road countries was carried out. The analysis found that mechanical and electrical products of Shaanxi Province took
up the largest volume of trade,which had a rapid growth, was followed by light industry and medicine and other
products with stable growth. Shaanxi Province, with coutries along “one belt one road”, shared a relatively high
trade volume of agricultural products, mechanical and electrical products, mineral products and light industrial and
pharmaceutical products, compared to the small one of software and cultural products.
Kazakhstan continues to climb each year in important measures of the conditions favorable to foreign investment, human capital, and doing business in Kazakhstan.
The Economic Research Institute was funded by Government of Kazakh SSR decree in May 1961 according to the state plan of Kazakh SSR. Ministry of Economic Development and Trade of the Republic of Kazakhstan is a sole shareholder.
The Institute has 7 research centers which major areas of research are: macroeconomic analysis and forecast, applied economical and mathematical research, economic research expertise, strategic elaboration and economic research, performance evaluation of public bodies’ activities, entrepreneurship development and regional policy.
Proposals on Building a Regional Security System in West Asia and North AfricaRussian Council
This paper presents proposals on building a regional security system in West Asia and North Africa. The authors propose to use the term “West Asia” to facilitate new views and approaches on the existing problems and bring economic and geographical interaction to the forefront of the relations between the external and regional actors and within regional actors themselves. The authors emphasize the need to reorganize the economies of the states of the region, including, in particular, the Arab Mashreq subregion. It would help to restore the previously disrupted balance of power. The multiplicity of crises in West Asia and North Africa impairs the effectiveness of the region’s international institutions and is not conducive to advancing regional integration projects. Setting up provisional working groups comprised of regional leaders (or using similar formats) appears to be the most adequate solution; strategically, the most adequate way would be to create a comprehensive security system.
Defining Dialogue: How to Manage Russia-UK Security RelationsRussian Council
At present, Russian-British relations are in deep crisis.
Will countries be able to restore a regular and systematic dialogue at the highest level?
What are the prospects for cooperation between Russia and Britain in the sphere of security, combating international terrorism and countering extremism, including in the Greater Middle East?
What mechanisms need to be worked out to strengthen confidence-building measures, prevent radicalization and develop cooperation in the fight against cybercrime.
These and other issues related to the past, present and future of Russian-British security relations are discussed in the joint report of the Russian International Affairs Council (RIAC) and the Royal United Services Institute for Defense and Security Studies (RUSI).
Россия значительно улучшила свое положение в глобальных цепочках добавленной стоимости (global value chains или GVC) с середины 1990-х годов, говорилось в исследовании ЕЦБ, опубликованном прошлым летом. Авторы рассматривали изменения, произошедшие в период с 1995 по 2011 год.
Building an Innovation-Driven Economy – The Case of BRIC and GCC CountriesMaxim Kotsemir
Available at SSRN: https://ssrn.com/abstract=2491488
Purpose – The purpose of this paper is to undertake an analysis of the attempts of Gulf Cooperation Council (GCC) and Brazil, Russia, India and China (BRIC) countries to catch up in their national development to build an innovation-driven economy on which to base future growth and wealth. We conducted an analysis of GCC and BRIC countries to show the different strategies leaders have taken to try and achieve this aspiration. This paper analyses the various aspects of national innovation systems of BRIC and GCC countries, highlights similar and different approaches and attempts to quantify their success. For example, GCC countries spend extensively on research and development (R&D), but have so far achieved less than meaningful results. Brazil, China and India are catching up to the acknowledged world leaders in innovation, but Russia is lagging.
Design/Methodology/Approach – Our comparison was based mostly on secondary data from sources and institutions that use statistical data to build country rankings, such as the Global Competitiveness Index (GCI) produced by the World Economic Forum. BRIC and GCC countries were analyzed over 1996-2011 because most of the indicators data are only available from 1996. Data related to intellectual property rights have been collected since 1999 or 2000. The data available for the number of researchers proved problematic for both BRIC and GCC countries. For instance, some data for the GCC countries was missing. To not leave a gap, we extrapolated in line with the overall trend; using the least squares method to approximate a straight line for the missing data based on what had already been reported.
Findings – Counter-intuitively, we will argue that the push toward an innovation-based economy is actually not dependent on total expenditure on R&D, but rather relies on the efficient allocation of investments and the rigorous implementation of innovation strategy. And, we will demonstrate this by showing our ideas in relation to both BRIC and GCC countries. This analysis raises fascinating points of discussion for those looking to build an innovation economy in other countries and has practical implications for policy-makers and policy implementers in all countries.
Originality/Value – First analysis of the correlation of gross expenditure on R&D (GERD) with gross domestic product (GDP) growth and Straits Times Index (STI) policy measures.
Obstacles Encountered by Foreign Investors in Kosovonakije.kida
Abstract: The purpose of the paper is finding obstacles that led to the reduction of foreign ivestitors’ motive to
come to Kosovo. Through the survey was taken the opinion of the sample from 306 current investors with 100%
foreign capital operating in Kosovo. Descriptive analysis has depicted the main obstacles in their business
activity. Weak enforcement of law, corruption, failure to integrate into the EU, poor infrastructure, lack of
financial incentives, poor business climate, highlighted poverty, frequent legal changes are part of these
obstacles. However, Kosovo has the youngest workforce in Europe, well educated and who speak more than one
language. Multiple natural properties make it attractive, toond. The main conclusion that can be drawn from the
above findings is that Kosovo has not become fully available to all mechanisms to welcome the foreign investors.
It is suggested that the government comes up with concrete projects to stimulate investors and create the
necessary climate to develop their business.
Keywords: Foreign Investors in Kosovo; Obstacles encountered by investors, Surveys, Descriptive analysis.
Identifying risks trough economic complaints & appetite
Based on official data:
Russian Export Strategy 2030
Conception of the long socio-economic development of the Russian Federation until 2020
Foreign Trade Strategy 2020
Strategy of Innovative Development of the Russian Federation until 2020
Conception of the Foreign Policy of the Russian Federation
Government Program “Foreign Economic activity Development”
Presidential Decrees
Support for Access to Foreign Markets and Export Promotion
Industrial risks
SCHNEIDER GROUP Industry Insight: Machinery and Equipment in RussiaSCHNEIDER GROUP
SCHNEIDER GROUP "We offer Industry Insights about different industries in CIS, Ukraine and Poland. This one is about the sector: machinery and equipment in Russia."
The Machinery & Equipment industry in Russia is an important contributor in the Russian economy. It employs about 3% of the country’s working population and provides interesting development opportunities. A significant share of imported machinery used in different sectors of the economy (50%-90%), the need for modernization of equipment, the size of the Russian market (USD 103 bn in 2015) and developments in some sectors (13 sectors show 10%+ growth) are the sources of interesting market opportunities for overseas manufacturers.
Read more about this industry online http://schneider-group.com/en/portfolios/machinery-and-equipment/
Stock Market Commentary and Analysis for the WE October 22, 2022.pptxpaul young cpa, cga
Summary:
There seems to be an issue with copper output. Copper is key metal as it relates to electricity sector - https://www.bnamericas.com/en/news/chilean-copper-miners-costs-hit-by-inflation-lower-output
Global inflation has been easing but is still a threat to the global economy - https://www.investmentexecutive.com/news/research-and-markets/global-supply-issues-easing-rapidly-fitch/
Central banks are not addressing issues with productivity - https://www.forbes.com/sites/adigaskell/2022/10/20/why-is-technology-not-producing-productivity-improvements/?sh=2359065170e8
Nasdaq has struggle in 2022. Nasdaq is key technology index - https://news.crunchbase.com/startups/tech-layoffs-2022/ or https://www.nasdaq.com/articles/nasdaq-bear-market%3A-1-trillion-dollar-growth-stock-to-buy-with-%24100-right-now
Global recession is predicted in late 2022 and into 1Q23 - https://www.abc.net.au/news/2022-10-22/why-treasurers-the-world-over-are-feeling-the-pressure/101564388
Housing prices continue to fall. Countries like Australia, New Zealand, and Canada have seen the worse end of the price dropped for housing - https://uk.finance.yahoo.com/news/20-crash-housing-market-possible-101000235.html
2016 China – Russia Business Seminar. New Opportunities & New ChallengesPwC Russia
19 января 2016 года PwC провела семинар «Россия-Китай 2016. Взгляд в будущее», на котором мы рассмотрели все грани развития российского рынка для китайских инвесторов, обсудили изменения в таможенном регулировании, проанализировали антикризисное управление для инвесторов Китая и на практике разобрали законодательные изменения.
Opportunities to Improve the Functioning of Free Economic Zones in Expanding ...ijtsrd
The subject of the study of this article is a set of economic relations that arise in the process of attracting investment to the regions and increasing the efficiency of their use in an innovative economy. This article analysis the methods and tasks of state regulation of investment attraction and effective use of investments in Jizzakh region. Dilshod Komilov "Opportunities to Improve the Functioning of Free Economic Zones in Expanding the Scope of Investment" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-5 , August 2020, URL: https://www.ijtsrd.com/papers/ijtsrd33086.pdf Paper Url :https://www.ijtsrd.com/economics/market-economy/33086/opportunities-to-improve-the-functioning-of-free-economic-zones-in-expanding-the-scope-of-investment/dilshod-komilov
Role of SMEs in regional innovation systems in RussiaStepan Zemtsov
Many small and medium enterprises (SMEs) show fast growing rates and play an important role in regional development. Fast-growing companies may contribute more than 50% to GDP growth (Europe INNOVA Gazelles Innovation Panel, 2008).
There is interdependence between innovative development of regions and emergence of fast growing SMEs (‘gazelles’). Developed regional innovation systems create a fertile environment for increasing the number of fast-growing companies. We assume that regional innovation performance (as a share of R&D personnel in employment, share R&D expenditures in gross regional product, etc.) may be a significant factor for gazelles’ concentration. There were no papers on Russian regional data before that could prove it.
The main object of the article is factors, which can determine the proportion of fast-growing manufacturing SMEs during post-crisis period (2009-2012) in Russian regions.
An econometric analysis demonstrates a strong correlation between the share of fast-growing SMEs in regions and indicators of regional innovation performance. Market potential also plays an important role. Results could be used for elaborating recommendations for implementation of industrial policy in Russia.
6. Qualified personnel
Labour potential of Russia is more than 75,8 people (by volume it’s the 7th abour market in the world and the 1st in Europe)
Unemployment level – 5,3% (2 times lower than in the EU)
Population literacy rate – 99,4% (the highest among BRICS countries)
Out of 100 adults 23 have higher education
9. The new reality: Russia and global
challenges
23 September 2015, Dmitry Medvedev, Prime Minister of Russia
Attracting foreign investment should help resolve a specific problem: to ensure technology
transfer. Foreign investment should be viewed as more than just the financial resources
involved. Technology and know-how are worth more than that.
The tasks that we are facing:
- New technology and innovations introduced by small companies, among others, are
radically changing entire markets and sectors within short timeframes. This leads to
changes in market behaviour, including approaches to the implementation of major long-
term projects.
- Investment in infrastructure and in people should be considered among the top priorities.
10. Restrictions for foreign investors
- no more than 50% in the equity of companies in the following activities:
- defense (nuclear plants, military, aircraft and space industry),
- mass media,
- communication services,
- natural resources
17. Bilateral investment treaties
RUSSIA - SINGAPORE AGREEMENTS
TRADE AGREEMENT BETWEEN THE REPUBLIC OF SINGAPORE AND THE
UNION OF SOVIET SOCIALIST REPUBLICS
AGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF
SINGAPORE AND THE GOVERNMENT OF THE RUSSIAN FEDERATION ON THE
PROMOTION AND RECIPROCAL PROTECTION OF INVESTMENTS
AGREEMENT BETWEEN THE GOVERNMENT OF THE RUSSIAN FEDERATION
AND THE GOVERNMENT OF THE REPUBLIC OF SINGAPORE FOR THE
AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL
EVASION WITH RESPECT TO TAXES ON INCOME
AGREEMENT ON CULTURAL AND SCIENTIFIC CO-OPERATION BETWEEN THE
GOVERNMENT OF THE UNION OF SOVIET SOCIALIST REPUBLICS AND THE
GOVERNMENT OF THE REPUBLIC OF SINGAPORE
18. Trade facilitation systems
Official Russia – Server of the State Bodies of The Russian Federation http://gov.ru/index_en.html
Integrated Foreign Economic Information Portal http://www.ved.gov.ru/eng/
Ministry of Economic Development of Russia
http://www.economy.gov.ru/wps/wcm/connect/economylib4/en/home
Information on Special Economic Zones in Russia
http://www.economy.gov.ru/wps/wcm/connect/economylib4/en/home/activity/sections/specialeconomicar
eas/main/index
Russian Export Catalogue http://export.gov.ru/eng/
Federal Customs Service of the Russian Federation http://eng.customs.ru//
Federal Tax Servise of the Russian Federation http://eng.nalog.ru/
Federal State Statistics Service of Russia
http://www.gks.ru/wps/wcm/connect/rosstat_main/rosstat/en/main/
19. Moscow city Government Portal http://www.mos.ru/en/index.php
Exhibitions in Russia http://www.exponet.ru/index.en.html
Chamber of Commerce and Industry of the Russian Federation http://www.tpprf.ru/en/
Business reports on Russian companies
http://www.tpprf.ru/en/activities/business/servicesRfCCI/index.php
Verifying the business standing of the Russian Companies
http://www.ved.gov.ru/eng/companies/business/
Moscow International Portal http://moscow.ru/en/
20. Reports of the Leading Consulting Firms
KPMG IN RUSSIA AND THE CIS. Doing
Business in Russia. Your roadmap to
successful investments 2015
http://www.kpmg.com/ru/en/issuesandinsights/
articlespublications/Pages/doing-business-in-
russia-2013.aspx
Deloitte. Doing business in Russia 2015 http://www.deloitte.com/view/en_RU/ru/insight
s/doingbusinessinrussia/
203be9c8e4a07210VgnVCM100000ba42f00aR
CRD.htm
PwC. Doing business and investing in the
Russian Federation 2014
http://www.pwc.ru/en/doing-business-in-
russia/index.jhtml
Ernst & Young. Russia attractiveness
survey 2013
http://www.ey.com/RU/en/Issues/Business-
environment/Russia-attractiveness-survey-2013
Baker & McKenzie. Doing business in
Russia 2013
http://www.bakermckenzie.com/ru-
RU/bkrussiadbi13/
A.T. Kearney. The 2013 A.T. Kearney
Foreign Direct Investment Confidence
Index
http://www.atkearney.com/ru/research-
studies/foreign-direct-investment-confidence-
index
21. The laws on investment activity
Federal law of 28 November 2011 of N 335-FZ "On investment partnership"
Federal law of 25 February 1999 N 39-FZ "On investment activity in the Russian Federation
implemented in the form of capital investments"
Federal law of 09.07.1999 N 160-FZ (as amended on 05.05.2014) "On foreign investments in
the Russian Federation
24. Russian Federation Among Global Top Ten Improvers in Business
Regulation
Doing Business 2014:
In the past year, Russia took steps to make getting electricity simpler and less costly. It set
standard connection tariffs and eliminated many procedures previously required, reducing the
time needed to get a new connection by more than 40 percent and the cost by nearly 80 percent.
Russia also made starting a business easier in the past year, by abolishing in practice the
requirement to have the bank signature card notarized before opening a company bank account.
Russia made dealing with construction permits easier by eliminating several requirements for
project approvals and reducing the time required to register a new building. It streamlined
procedures for registering property and implemented effective time limits for processing
transfer applications. Finally, Russia made trading across borders easier by implementing an
electronic system for submitting export and import documents and by reducing the number of
physical inspections.
“Improving the investment climate is a top policy priority for the Russian authorities, and local
entrepreneurs are seeing the results,” said Augusto Lopez-Claros, Director, Global Indicators
and Analysis, World Bank Group.
25. Welcome to Russia
Today on the territory of the Russian Federation implements more than 5700 investment
projects in the field of industrial and civil construction, and transport infrastructure:
- Industrial construction 3217 (55%)
- Agribusiness and food industry 830 (14%)
- Woodworking 170 (3%)
- Industrial parks and SEZ 142 (2%)
- Metallurgy and Metalworking 169 (3%)
- Mechanical engineering 291 (5%)
- Oil and gas 210 (4%)
- Construction materials 279 (5%)
- Chemical industry 237 (4%)
- Energy 295 (5%)
- Industrial engineering 594 (10%)
- Civil engineering 2216 (38%)
- Transport infrastructure 386 (7%)
26. Lessons that we can learn from Singapore’s experience
One of the lessons Singapore for Russia may be:
Effective trade and investment depends not only on the government,
but, also business activity of citizens.
Pavel Markov
Russian-Singapore business Council
pavel.a.markov@gmail.com
mob.tel.: +7 915 303 18 51
