The Russian economy experienced a sharp decline due to the global financial crisis. GDP growth fell to 5.6% in 2008, lower than the previous decade. Investments and internal demand decreased substantially. The crisis impacted Russia's monetary sector as the Central Bank sold foreign reserves to support the rouble amid capital flight. Stock and debt markets also declined sharply. While oil revenues had built a large budget surplus, revenues declined in 2008, shrinking the surplus. The crisis threatened political stability as the ruling party saw declining support in regional elections. However, state control over large firms and property rights increased. Overall the crisis posed major challenges to Russia's economic and political systems.
The Russian financial crisis of 1998 resulted from declining productivity, a fixed exchange rate between the ruble and foreign currencies, and declining oil prices. On August 17, 1998, Russia devalued the ruble, defaulted on domestic debt, and imposed a moratorium on foreign debt repayment. This led to high inflation of 84%, bank closures, reduced agricultural subsidies, and a political crisis for President Yeltsin. Russia recovered through rising oil prices in 1999-2000, devaluation boosting domestic industries, non-monetary exchange, and cash infusions paying back wages and taxes.
Foreign investment in russia’s hydrocarbon sectorenergystate
Konstantin Simonov’s speech presentation at The International Conference "Russian Oil and Gas: New Trends and Implications".
London, UK, March, 29, 2011.
The effect of the global financial crisis on Azerbaijan’s economy is an interesting case study, particularly because it is a small CIS (Commonwealth of Independent States) transition country strongly dependent on oil exports. In fact, oil constitutes about half of the country’s GDP. Azerbaijan’s economy was mostly affected by a drop in oil prices. As a result, there were three direct channels by which the global crises influenced the Azerbaijani economy:
Fall in oil prices;
Fall in external demand for Azeri non-oil products;
Outflow of foreign capital.
Authored by: Alexander Chubrik, Mateusz Walewski
Published in 2010
Georgia has pursued economic diplomacy and integration with Western international organizations and countries since gaining independence in 1992. It joined the UN, signed agreements with the EU, and joined the WTO and Bretton Woods institutions. After economic struggles in the 1990s, reforms after the Rose Revolution improved relations with the West. Georgia signed an Association Agreement and DCFTA with the EU in 2014. It also participates in the Eastern Partnership and works to reduce dependence on Russia, especially for energy, through the Baku-Tbilisi-Erzurum gas pipeline. Personal connections between leaders also influenced relations. While economic ties with China are growing, full integration into China's One Belt, One Road initiative may allow Georgia to play
Russia's transition to a market economy was difficult and led to a serious financial crisis in 1998 as fiscal reforms failed and budget deficits increased reliance on short-term borrowing. Lower oil and mineral prices along with the Asian financial crisis exacerbated problems, causing rapid currency devaluation, capital flight, and debt payment issues. However, Russia weathered the crisis relatively well, with GDP growth, currency and inflation stability returning by 2009 as investment increased. While still dependent on oil and gas exports, Russia has made progress paying foreign debts and building currency reserves, aided by budget, trade, and current account surpluses. In 2008, Russia split its Stabilization Fund created in 2004 to balance the budget during oil price drops into a Reserve Fund
Global tourism fluctuates due to various events that impact demand and destination factors. International tourist arrivals peaked in 2011 but declined in subsequent years due to various crises and disasters. Examples include the 2003 SARS epidemic in Hong Kong, the 2010 Eyjafjallajökull volcano eruption in Iceland, the 2007-2008 global financial crisis, and Thailand's 2008 political crisis, all of which negatively impacted tourism through a reduction in travel and stranded tourists. Regional events can have widespread effects on the global tourism industry by influencing consumer behavior and confidence.
The Russian economy experienced a sharp decline due to the global financial crisis. GDP growth fell to 5.6% in 2008, lower than the previous decade. Investments and internal demand decreased substantially. The crisis impacted Russia's monetary sector as the Central Bank sold foreign reserves to support the rouble amid capital flight. Stock and debt markets also declined sharply. While oil revenues had built a large budget surplus, revenues declined in 2008, shrinking the surplus. The crisis threatened political stability as the ruling party saw declining support in regional elections. However, state control over large firms and property rights increased. Overall the crisis posed major challenges to Russia's economic and political systems.
The Russian financial crisis of 1998 resulted from declining productivity, a fixed exchange rate between the ruble and foreign currencies, and declining oil prices. On August 17, 1998, Russia devalued the ruble, defaulted on domestic debt, and imposed a moratorium on foreign debt repayment. This led to high inflation of 84%, bank closures, reduced agricultural subsidies, and a political crisis for President Yeltsin. Russia recovered through rising oil prices in 1999-2000, devaluation boosting domestic industries, non-monetary exchange, and cash infusions paying back wages and taxes.
Foreign investment in russia’s hydrocarbon sectorenergystate
Konstantin Simonov’s speech presentation at The International Conference "Russian Oil and Gas: New Trends and Implications".
London, UK, March, 29, 2011.
The effect of the global financial crisis on Azerbaijan’s economy is an interesting case study, particularly because it is a small CIS (Commonwealth of Independent States) transition country strongly dependent on oil exports. In fact, oil constitutes about half of the country’s GDP. Azerbaijan’s economy was mostly affected by a drop in oil prices. As a result, there were three direct channels by which the global crises influenced the Azerbaijani economy:
Fall in oil prices;
Fall in external demand for Azeri non-oil products;
Outflow of foreign capital.
Authored by: Alexander Chubrik, Mateusz Walewski
Published in 2010
Georgia has pursued economic diplomacy and integration with Western international organizations and countries since gaining independence in 1992. It joined the UN, signed agreements with the EU, and joined the WTO and Bretton Woods institutions. After economic struggles in the 1990s, reforms after the Rose Revolution improved relations with the West. Georgia signed an Association Agreement and DCFTA with the EU in 2014. It also participates in the Eastern Partnership and works to reduce dependence on Russia, especially for energy, through the Baku-Tbilisi-Erzurum gas pipeline. Personal connections between leaders also influenced relations. While economic ties with China are growing, full integration into China's One Belt, One Road initiative may allow Georgia to play
Russia's transition to a market economy was difficult and led to a serious financial crisis in 1998 as fiscal reforms failed and budget deficits increased reliance on short-term borrowing. Lower oil and mineral prices along with the Asian financial crisis exacerbated problems, causing rapid currency devaluation, capital flight, and debt payment issues. However, Russia weathered the crisis relatively well, with GDP growth, currency and inflation stability returning by 2009 as investment increased. While still dependent on oil and gas exports, Russia has made progress paying foreign debts and building currency reserves, aided by budget, trade, and current account surpluses. In 2008, Russia split its Stabilization Fund created in 2004 to balance the budget during oil price drops into a Reserve Fund
Global tourism fluctuates due to various events that impact demand and destination factors. International tourist arrivals peaked in 2011 but declined in subsequent years due to various crises and disasters. Examples include the 2003 SARS epidemic in Hong Kong, the 2010 Eyjafjallajökull volcano eruption in Iceland, the 2007-2008 global financial crisis, and Thailand's 2008 political crisis, all of which negatively impacted tourism through a reduction in travel and stranded tourists. Regional events can have widespread effects on the global tourism industry by influencing consumer behavior and confidence.
2006. Laszlo Akar. Medium-term Economic Trends and Perspectives for Hungary. ...Forum Velden
The document summarizes economic trends and perspectives for Hungary from 2006-2008 as presented by GKI Economic Research Co. Key points include:
1. Economic policy aims to reduce government deficit below 3% of GDP and public debt, while maintaining income and productivity growth. Reforms target fiscal consolidation, public administration efficiency, and improving competitiveness.
2. Short-term measures and comprehensive reforms began in mid-2006, focusing on local governments, administration, education, healthcare, and pensions.
3. GDP growth is forecast to average 4% through 2008, led by exports, investment, manufacturing and construction. Unemployment will remain at 7.5% while inflation rises to 5.5% in 2007 before
Hurricanes in the north western Russia (English version)Serge Brovko
The document discusses the impacts of natural disasters on insurance company profits and the potential for mandatory home insurance in Russia. It provides details on:
1) Lloyd's, the world's largest insurer, reported a 50% decrease in first half 2010 profits due to paying out claims for the Gulf of Mexico oil spill and Chilean earthquake.
2) Russian President Dmitry Medvedev said Russia may reintroduce mandatory home insurance against fires after a summer of wildfires.
3) Analysis of what mandatory urban home insurance in St. Petersburg could mean for the insurance market in terms of increased premiums.
The full-scale financial crisis in Russia erupted in August 1998 made a blow to the President Lukashenko domestic and foreign policy. However, a year-by-year worsening of the domestic economy due to maintaining a system of command economy led to a crisis in Belarus already in the first quarter of 1998. The crisis in Russian spilling over through trade channel only additionally aggravated economic situation in Belarus. The paper briefly characterizes the economic system in Belarus prior to the first quarter of 1998 and then analyzes consequences of the Russian financial crisis on the Belarussian economy.
Authored by: Rafal Antczak, Stanislav Bogdankiewich, Pavel Daneiko, Krzysztof Polomski, Vladymir Usowski
Published in 2000
Read the latest Economist Intelligence Unit economic forecast for August. Includes regional outlooks for the US, Western Europe, Japan, and Emerging Markets. Also forecasts for commodities and exchange rates. Visit www.eiu.com/gfs to view more.
Boudewijn geen fan van Europese DefensiegemeenschapThierry Debels
De Europese Defensiegemeenschap (EDG) was een verdrag dat in 1952 werd ondertekend door Frankrijk, de Bondsrepubliek Duitsland, Nederland, België, Luxemburg en Italië en dat voorzag in de oprichting van een Europees leger. Koning Boudewijn was geen voorstander.
Assignment help for Studying for Higher Study, visit: https://academiapapers.net/, thousands of Academic assignments, essays and homeworks has been published there, So don't miss those.
This year's SITE Energy Day was devoted to discussing the consequences of oil price fluctuations for markets and actors of the economy. The half-day conference engaged policy-oriented scholars and experts from the business community to discuss the impact of oil price fluctuations on macro fundamentals, international trade, strategies of oil cartels, strategic risk management, and opportunities for change in energy systems.
Torbjörn Becker, Director of SITE, gave a talk "The volatility of oil price forecasts and its macroeconomic implications"
For more information and research analysis please visit: www.hhs.se/site
The US trade deficit is driven by Americans spending more than they produce, rather than foreign trade barriers. If Americans save more or invest less, the trade deficit would shrink, but this would also reduce the amount of goods and services available for US consumption and investment. Eliminating the trade deficit entirely would require exporting about 2.5% more of US output as well as price changes that reduce the real value of both exports and imports by around 2.7% of GDP, lowering American incomes by about 5%. In the long run, investment levels determine economic growth, so policies that increase savings without reducing investment could help narrow the trade deficit while maintaining or boosting incomes.
The EIU has downgraded its forecast for the US in 2010 to 2.3% (from 2.8%) previously. Read about the latest economic forecast for the world, updated from August.
Economic explanations of Eastern EnlargementElmir Badalov
The document discusses the economic dimensions and motivations of the European Union's eastern enlargement. It notes that key EU members like Germany supported enlargement due to anticipated economic gains from increased trade and investment opportunities with Central and Eastern European markets. While concerns were raised about issues like competition and immigration, the overall economic effect of enlargement for the EU has been seen as modest and with distinct material benefits, such as increased exports, jobs, and foreign direct investment from the new members.
The document summarizes the global economic forecast for October 2010. It notes that the economic recovery has started to soften, with weak private sector job growth and inflationary pressures remaining low. Housing prices have stabilized but excess supply could continue to put downward pressure on prices. The recovery in Europe faces risks from the ongoing fiscal crisis, while unemployment has risen moderately due to subsidies but employment recovery will be slow. Fiscal consolidation efforts limit the ability for further stimulus measures in many countries.
1. Yukos was a successful Russian oil company that came under the control of Mikhail Khodorkovsky after the government's "Loans for Shares" privatization program in the 1990s.
2. However, Yukos struggled due to Khodorkovsky's poor relationship with President Vladimir Putin and the Kremlin, which saw Khodorkovsky as a political threat.
3. Putin had Khodorkovsky arrested in 2003 and Yukos' assets were auctioned off, with the main buyer being state-owned Rosneft. This led to Yukos' bankruptcy by 2007.
CEIC Russia Data Talk: The Economic Implications of Ukraine-Russia Trade Rela...CEIC Data
Amid political and military unrest in eastern Ukraine, relations between Russia and Ukraine are at their lowest point in recent history. Interpersonal, cultural, political and economic relations between the two countries have undergone significant changes due to the geopolitical conflict. Russia and Ukraine have developed close ties over the centuries with a common market of goods and the break-up will invariably impart substantial economic costs. - See more at: http://bit.ly/1vZrVNR
Topics of Speaking skill VIII. Economy of mongoliaaagiidluv
Mongolia has a population of 3 million people and its economy is based primarily on livestock and agriculture, but it also has extensive mineral deposits. After the dissolution of the Soviet Union in the early 1990s, Mongolia experienced a deep recession due to the loss of Soviet assistance, which had accounted for a third of its GDP. Severe weather in the early 2000s further damaged the economy. While the economy grew around 9% per year between 2004 and 2008 due to higher copper and gold prices, it was hit hard by the global financial crisis in late 2008. With international aid, Mongolia has transitioned to a market economy and adopted a new democratic constitution. Its economy remains heavily influenced by its neighbors China and Russia for trade
The document discusses the response of Turkey and Russia after the downing of a Russian jet by Turkey in 2015 and the implications for the South Caucasus region. It analyzes the impact on key sectors like energy, tourism, agriculture and migration. Some of the main points are:
- Russia imposed economic sanctions on Turkey in response, affecting sectors like food, textiles and machinery. Turkey's exports to Russia fell and GDP growth is projected to be 0.3-0.7% lower.
- The visa-free agreement between Russia and Turkey ended, suspending employment of Turkish workers in Russia and changing migration patterns.
- Projects between the two countries like the Turkish Stream gas pipeline and a Russian-built nuclear
The document discusses the impact of the economic crisis on the European natural gas market and prospects for Russia, Ukraine, and other producers. It notes that European gas demand may not return to pre-crisis levels until 2013-2014. Russia lost market share in Europe in 2009 as its gas exports declined. However, questions now surround long-term gas demand in Europe and Gazprom faces increased competition from LNG and pipelines from Central Asia. Ukraine significantly reduced its gas consumption in 2009 due to the economic crisis but is paying higher European market prices for imports under a new agreement with Russia.
Read about the latest global economic forecast in this November presentation from the EIU's Global Forecasting Service. To receive regular global economic updates, or to dig deeper into the data, register for free access at www.eiu.com/gfs.
The document discusses foreign direct investment (FDI) in Russia. It defines FDI and describes its importance from the perspectives of firms and host countries. It provides an overview of Russia's economy, including GDP, growth rates, inflation, labor force, and population statistics. The document also discusses Russia's transition from a socialist to market economy and details its investment climate, including the legal framework, taxation, foreign exchange controls, intellectual property rights regulations, and competition policies relevant to FDI. It analyzes FDI trends in Russia and top investing countries and sectors. Risks and opportunities for foreign investors in Russia are also examined.
The document summarizes Russia's transition from a centrally planned economy to a market economy in the 1990s after the dissolution of the Soviet Union. It discusses the shock therapy economic reforms under Yeltsin including liberalization, stabilization, and privatization. It also outlines obstacles to reform, the 1998 financial crisis, Gazprom as a major company, foreign direct investment trends, and future investment opportunities.
Elena Korneyeva, who runs the Vladivostok office of Euro Asia Investments, received threats after her car windshield was smashed. Euro Asia is struggling to recover $13 million invested in a regional agricultural group in Russia's Primoriya region. Despite changes under President Putin, it is still difficult to operate legally in Russia, especially in remote areas like Primoriya. Euro Asia's investments in the company Primorkhlebprodukt have gone badly, with management stonewalling debts and selling off assets cheaply to executives. After five years of legal battles, Euro Asia has had little success recovering its investments and highlighting the challenges foreign investors face.
This document discusses barriers facing foreign investors in Russia and Central Asia. It identifies the main barriers as lack of accurate information about doing business in the region, and the complexity and inefficiency of business environments. Corruption and lack of rule of law are also issues. Recent government efforts to improve investment climate include a ten-point plan to increase transparency and eliminate barriers. Experts discuss these measures and whether they adequately address key problems deterring foreign investment.
2006. Laszlo Akar. Medium-term Economic Trends and Perspectives for Hungary. ...Forum Velden
The document summarizes economic trends and perspectives for Hungary from 2006-2008 as presented by GKI Economic Research Co. Key points include:
1. Economic policy aims to reduce government deficit below 3% of GDP and public debt, while maintaining income and productivity growth. Reforms target fiscal consolidation, public administration efficiency, and improving competitiveness.
2. Short-term measures and comprehensive reforms began in mid-2006, focusing on local governments, administration, education, healthcare, and pensions.
3. GDP growth is forecast to average 4% through 2008, led by exports, investment, manufacturing and construction. Unemployment will remain at 7.5% while inflation rises to 5.5% in 2007 before
Hurricanes in the north western Russia (English version)Serge Brovko
The document discusses the impacts of natural disasters on insurance company profits and the potential for mandatory home insurance in Russia. It provides details on:
1) Lloyd's, the world's largest insurer, reported a 50% decrease in first half 2010 profits due to paying out claims for the Gulf of Mexico oil spill and Chilean earthquake.
2) Russian President Dmitry Medvedev said Russia may reintroduce mandatory home insurance against fires after a summer of wildfires.
3) Analysis of what mandatory urban home insurance in St. Petersburg could mean for the insurance market in terms of increased premiums.
The full-scale financial crisis in Russia erupted in August 1998 made a blow to the President Lukashenko domestic and foreign policy. However, a year-by-year worsening of the domestic economy due to maintaining a system of command economy led to a crisis in Belarus already in the first quarter of 1998. The crisis in Russian spilling over through trade channel only additionally aggravated economic situation in Belarus. The paper briefly characterizes the economic system in Belarus prior to the first quarter of 1998 and then analyzes consequences of the Russian financial crisis on the Belarussian economy.
Authored by: Rafal Antczak, Stanislav Bogdankiewich, Pavel Daneiko, Krzysztof Polomski, Vladymir Usowski
Published in 2000
Read the latest Economist Intelligence Unit economic forecast for August. Includes regional outlooks for the US, Western Europe, Japan, and Emerging Markets. Also forecasts for commodities and exchange rates. Visit www.eiu.com/gfs to view more.
Boudewijn geen fan van Europese DefensiegemeenschapThierry Debels
De Europese Defensiegemeenschap (EDG) was een verdrag dat in 1952 werd ondertekend door Frankrijk, de Bondsrepubliek Duitsland, Nederland, België, Luxemburg en Italië en dat voorzag in de oprichting van een Europees leger. Koning Boudewijn was geen voorstander.
Assignment help for Studying for Higher Study, visit: https://academiapapers.net/, thousands of Academic assignments, essays and homeworks has been published there, So don't miss those.
This year's SITE Energy Day was devoted to discussing the consequences of oil price fluctuations for markets and actors of the economy. The half-day conference engaged policy-oriented scholars and experts from the business community to discuss the impact of oil price fluctuations on macro fundamentals, international trade, strategies of oil cartels, strategic risk management, and opportunities for change in energy systems.
Torbjörn Becker, Director of SITE, gave a talk "The volatility of oil price forecasts and its macroeconomic implications"
For more information and research analysis please visit: www.hhs.se/site
The US trade deficit is driven by Americans spending more than they produce, rather than foreign trade barriers. If Americans save more or invest less, the trade deficit would shrink, but this would also reduce the amount of goods and services available for US consumption and investment. Eliminating the trade deficit entirely would require exporting about 2.5% more of US output as well as price changes that reduce the real value of both exports and imports by around 2.7% of GDP, lowering American incomes by about 5%. In the long run, investment levels determine economic growth, so policies that increase savings without reducing investment could help narrow the trade deficit while maintaining or boosting incomes.
The EIU has downgraded its forecast for the US in 2010 to 2.3% (from 2.8%) previously. Read about the latest economic forecast for the world, updated from August.
Economic explanations of Eastern EnlargementElmir Badalov
The document discusses the economic dimensions and motivations of the European Union's eastern enlargement. It notes that key EU members like Germany supported enlargement due to anticipated economic gains from increased trade and investment opportunities with Central and Eastern European markets. While concerns were raised about issues like competition and immigration, the overall economic effect of enlargement for the EU has been seen as modest and with distinct material benefits, such as increased exports, jobs, and foreign direct investment from the new members.
The document summarizes the global economic forecast for October 2010. It notes that the economic recovery has started to soften, with weak private sector job growth and inflationary pressures remaining low. Housing prices have stabilized but excess supply could continue to put downward pressure on prices. The recovery in Europe faces risks from the ongoing fiscal crisis, while unemployment has risen moderately due to subsidies but employment recovery will be slow. Fiscal consolidation efforts limit the ability for further stimulus measures in many countries.
1. Yukos was a successful Russian oil company that came under the control of Mikhail Khodorkovsky after the government's "Loans for Shares" privatization program in the 1990s.
2. However, Yukos struggled due to Khodorkovsky's poor relationship with President Vladimir Putin and the Kremlin, which saw Khodorkovsky as a political threat.
3. Putin had Khodorkovsky arrested in 2003 and Yukos' assets were auctioned off, with the main buyer being state-owned Rosneft. This led to Yukos' bankruptcy by 2007.
CEIC Russia Data Talk: The Economic Implications of Ukraine-Russia Trade Rela...CEIC Data
Amid political and military unrest in eastern Ukraine, relations between Russia and Ukraine are at their lowest point in recent history. Interpersonal, cultural, political and economic relations between the two countries have undergone significant changes due to the geopolitical conflict. Russia and Ukraine have developed close ties over the centuries with a common market of goods and the break-up will invariably impart substantial economic costs. - See more at: http://bit.ly/1vZrVNR
Topics of Speaking skill VIII. Economy of mongoliaaagiidluv
Mongolia has a population of 3 million people and its economy is based primarily on livestock and agriculture, but it also has extensive mineral deposits. After the dissolution of the Soviet Union in the early 1990s, Mongolia experienced a deep recession due to the loss of Soviet assistance, which had accounted for a third of its GDP. Severe weather in the early 2000s further damaged the economy. While the economy grew around 9% per year between 2004 and 2008 due to higher copper and gold prices, it was hit hard by the global financial crisis in late 2008. With international aid, Mongolia has transitioned to a market economy and adopted a new democratic constitution. Its economy remains heavily influenced by its neighbors China and Russia for trade
The document discusses the response of Turkey and Russia after the downing of a Russian jet by Turkey in 2015 and the implications for the South Caucasus region. It analyzes the impact on key sectors like energy, tourism, agriculture and migration. Some of the main points are:
- Russia imposed economic sanctions on Turkey in response, affecting sectors like food, textiles and machinery. Turkey's exports to Russia fell and GDP growth is projected to be 0.3-0.7% lower.
- The visa-free agreement between Russia and Turkey ended, suspending employment of Turkish workers in Russia and changing migration patterns.
- Projects between the two countries like the Turkish Stream gas pipeline and a Russian-built nuclear
The document discusses the impact of the economic crisis on the European natural gas market and prospects for Russia, Ukraine, and other producers. It notes that European gas demand may not return to pre-crisis levels until 2013-2014. Russia lost market share in Europe in 2009 as its gas exports declined. However, questions now surround long-term gas demand in Europe and Gazprom faces increased competition from LNG and pipelines from Central Asia. Ukraine significantly reduced its gas consumption in 2009 due to the economic crisis but is paying higher European market prices for imports under a new agreement with Russia.
Read about the latest global economic forecast in this November presentation from the EIU's Global Forecasting Service. To receive regular global economic updates, or to dig deeper into the data, register for free access at www.eiu.com/gfs.
The document discusses foreign direct investment (FDI) in Russia. It defines FDI and describes its importance from the perspectives of firms and host countries. It provides an overview of Russia's economy, including GDP, growth rates, inflation, labor force, and population statistics. The document also discusses Russia's transition from a socialist to market economy and details its investment climate, including the legal framework, taxation, foreign exchange controls, intellectual property rights regulations, and competition policies relevant to FDI. It analyzes FDI trends in Russia and top investing countries and sectors. Risks and opportunities for foreign investors in Russia are also examined.
The document summarizes Russia's transition from a centrally planned economy to a market economy in the 1990s after the dissolution of the Soviet Union. It discusses the shock therapy economic reforms under Yeltsin including liberalization, stabilization, and privatization. It also outlines obstacles to reform, the 1998 financial crisis, Gazprom as a major company, foreign direct investment trends, and future investment opportunities.
Elena Korneyeva, who runs the Vladivostok office of Euro Asia Investments, received threats after her car windshield was smashed. Euro Asia is struggling to recover $13 million invested in a regional agricultural group in Russia's Primoriya region. Despite changes under President Putin, it is still difficult to operate legally in Russia, especially in remote areas like Primoriya. Euro Asia's investments in the company Primorkhlebprodukt have gone badly, with management stonewalling debts and selling off assets cheaply to executives. After five years of legal battles, Euro Asia has had little success recovering its investments and highlighting the challenges foreign investors face.
This document discusses barriers facing foreign investors in Russia and Central Asia. It identifies the main barriers as lack of accurate information about doing business in the region, and the complexity and inefficiency of business environments. Corruption and lack of rule of law are also issues. Recent government efforts to improve investment climate include a ten-point plan to increase transparency and eliminate barriers. Experts discuss these measures and whether they adequately address key problems deterring foreign investment.
This presentation talks about the FDI inflow in Russia and the related political and social issues having an impact on the FDI.
I appreciate you leave a comment on the slideshow. You are free to use to use the information as long as you mention the source although I would not be able to share the originals with you since it is not under my ownership alone.
The document summarizes economic forecasts and key issues for Russia from 2008-2013. Real GDP growth is expected to be moderate, with consumer price inflation decreasing annually. The budget and current account deficits are projected to shrink over time. Challenges include reducing political uncertainty to attract more foreign direct investment and developing market-oriented legal and political institutions.
Russia has significant natural resource reserves but is heavily dependent on oil and gas exports, leaving its economy vulnerable. International trade opened up opportunities for Russia but also negatively impacted the economy through increased corruption and "Dutch disease". While trade initially benefited consumers and economic growth, long-term issues have emerged such as over-reliance on oil/gas and capital flight due to corruption. Recent sanctions in response to Russia's actions in Ukraine have hurt businesses and inflation, worsening economic problems. For Russia to prosper it needs improved trade, entrepreneurship and government support to diversify its economy beyond natural resources.
The document summarizes recent news from Mongolia related to business, economic, and political issues. It discusses topics such as the mining law, investment in mining projects like Oyu Tolgoi and Tavan Tolgoi, uranium policy, inflation rates, trade deficits, and industrial development plans. Officials and experts are quoted discussing the need for a stable legal environment to attract investment in mining, as well as fiscal and monetary policy measures to manage inflation and economic growth.
The document discusses the impacts of the global economic slowdown and stimulus packages on shipping markets. It notes that:
1) Shipping markets have been hit by tightening trade finance and weaker economic growth. Central governments have enacted stimulus packages to varying effect, with China's package most integral due to its focus on infrastructure and steel consumption.
2) Trade finance restrictions wiped out an estimated 15-20% of dry bulk trade. The G20 summit proposed a $250 billion package to increase trade financing.
3) Stimulus packages aim to boost consumer spending but their effects on commodity and goods trade, and thus shipping demand, remain uncertain and will take time to materialize. Long-term resolution of trade finance issues
This document provides an overview of mining in Russia, including:
- Russia has large reserves of many minerals and ranks among the top 10 countries in terms of production and reserves. However, investment in the mining industry remains low relative to its potential.
- Laws introduced in 2008 give the Russian government control over strategic assets like large deposits of gold, copper, and other minerals, discouraging foreign exploration investment. Amendments being considered may reduce these restrictions.
- Permitting for exploration and mining is a lengthy process involving multiple agencies, creating uncertainty for companies. One company discussed waiting over 20 months for a mining license.
- Political and legal risks are often overestimated by investors; some mining companies have found success in Russia
The president of Russia is considered the head of th.docxgabrielaj9
The president of Russia is considered the head of the state and the government, while the prime minister serves as his deputy (the equivalent of a Vice President in the United States of America). They are co-heads of the government, and they both belong to the same political party – United Russia (though Putin ran as an independent in 2018).
The president of Russia has a central role in the government’s political system. The president mainly influences the executive branch’s activities. He also appoints the prime minister and other members of the government, chairs the cabinet’s meetings, and gives orders to his deputy and other members regarding governance. He can also revoke any act or law passed by the government.
Russian Prime Minister Dmitry Medvedev (left) with Russian President Vladimir Putin (right)
“Russia needs to radically overhaul its administrative and judicial systems and embrace new technology otherwise economic stagnation could threaten its security, Vladimir Putin’s chief adviser on economic reform has warned.
Alexei Kudrin, the former finance minister, was asked by Mr Putin last year to come up with a new strategy for economic policymaking for the next term, following the president’s planned re-election next year.
Outlining his plans on Friday, Mr Kudrin said: “We have come to face the problem that Russia has fallen behind technologically in the world. That, in my view, is the most serious challenge we face in the coming 10 to 15 years.”
Financial Times, Jan 13, 2017
Alexei Kudrin
Kudrin…
“We will struggle with diminishing defense potential and threats to national sovereignty if we don’t become a technological power. Even military experts say that technological challenges facing Russia are bigger than geopolitical and military ones,” Mr Kudrin said.
“Our entire foreign policy should be subordinated to the task of technological development.”
Russia is popularly known as the world’s second largest natural gas producer and the 3rd largest oil producer. The country has a large number of major oil and gas companies. Most of the top oil companies in Russia have continued to maintain significant downstream and upstream gas and oil operations. This includes retail service stations, exploration and production divisions and petroleum refineries.
This is the largest oil company in Russia. Reports show that the company produced around 1.5 billion barrels of oil in the year 2014. Besides, the company is also ranked as the 3rd largest natural gas company in the world with a production of more than 347 million barrels of oil equivalent.
The company’s market capitalization is around $38.7 billion which automatically makes it the highest valued gas and oil company. Rosneft operates 13 refineries in the country and has shown tremendous interest in around seven refineries based in Eastern and Western Europe. The company maintains exploration and production operation in countries such as Canada, Vietnam, USA, Norway and.
Journey to Sakhalin: Royal Dutch Shell in Russia | HBS Case Study Presentation Md. Adib Ibne Yousuf
This is the final term paper group presentation on Harvard Business School (HBS) Case study.
Course: Strategic Management
Developed by: Md. Adib Ibne Yousuf
This document discusses foreign direct investment (FDI) in Russia. It notes that while Russia has large natural resource reserves like oil and gas, FDI inflows were low in the 1990s due to capital flight, an unstable tax code and regulations that favored local companies. Reforms in the late 1990s opened sectors like oil and gas to foreign investment. However, companies remained reluctant due to demands for stronger legal protections and tax guarantees. While FDI has increased since the early 2000s, the energy sector and political influence of state gas company Gazprom still play a large role in Russia's economy and foreign investment climate.
Doing business in russia research project vm consult 2011Вячеслав Макович
This document provides an overview of the Russian market for European managers. It summarizes the leading industries in Russia, including energy, construction, metallurgy, retail, automotive, ICT, and chemicals. It also identifies driving factors for Russia-EU business such as success stories of European companies in Russia, a simplified visa regime, and a growing Russian middle class. Finally, it outlines general challenges of doing business in Russia.
The document summarizes news from Mongolia's business sector. Key points include:
- The private business sector appealed to Parliament to involve them more in drafting legislation that could impact their operations.
- Erdenes-TT revealed challenges to parliament such as debt, infrastructure limitations, and political interference in their operations.
- The EBRD is considering providing financing for the development of the massive Oyu Tolgoi copper and gold mine.
This document summarizes recent developments that have improved the investment climate in Russia for foreign investors. It discusses the establishment of a Foreign Investment Advisory Council (FIAC) and the appointment of an Investment Ombudsman at the deputy prime minister level to address investor complaints. While elections in late 2011 and early 2012 may cause some political uncertainty, reforms over the past year like FIAC and the ombudsman have created more opportunities for international companies to engage with the Russian government. The document recommends that foreign investors continue using diplomacy and contacts with federal and regional officials to strengthen their positions in Russia. Overall, there are promising signs that the regulatory environment for foreign investment may be reformed if modernization efforts continue post-election.
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
Signature content of MTBiz is its Article of the Month (AoM), as depicted on Cover Page of each issue, with featured focus on different issues that fall into the wide definition of Market, Business, Organization and Leadership. The AoM also covers areas on Innovation, Central Banking, Monetary Policy, National Budget, Economic Depression or Growth and Capital Market. Scale of coverage of the AoM both, global and local subject to each issue.
MTBiz is a monthly Market Review produced and distributed by Group R&D, MTB since 2009.
IMF Working Paper - Evaluation of the Oil Fiscal Regime in Russia and Proposals for Reform.
Material disponibilizado pela assessoria do senador Lindbergh Farias.
http://www.imf.org/external/pubs/ft/wp/2010/wp1033.pdf
The document is a newsletter from the Business Council of Mongolia covering business, economic, and political news from Mongolia in May 2011. Some of the top business stories include Petro Matad finding hydrocarbons at a new well, SouthGobi Resources preparing for slowing Chinese coal demand, and Eznis Airways signing a strategic partnership with Japan's largest airline. Construction at the Oyu Tolgoi mine was 15% complete at the end of March. Several mining companies also reported financial results for the first quarter of 2011. On the economic front, coal hauling resumed and the government wanted to accelerate a new power plant project. In politics, prosecutors forwarded charges against a former official to the anti-corruption agency.
The document is a newsletter from the Business Council of Mongolia covering business and economic news from Mongolia in April 2013. Some of the key stories covered include:
- The Oyu Tolgoi copper and gold mine receiving continued funding through April as discussions continue around its budget.
- Mongolian politicians expressing openness to resolving disputes with Chalco over a coal agreement rather than canceling the contract.
- Plans by the Mongolian government to establish a joint venture to build a 450-megawatt power plant at the Tavan Tolgoi coal deposit.
- Both Mongolia and Rio Tinto seeing reasons to settle their dispute over cost overruns at the Oyu Tolgoi
Similar to Russian o&g industry: Problems and Opportunities During Next President Term of Mr.Putin (20)
Жизнь после Греты Тунберг, или Потребление на фоне глобального потепленияenergystate
ВЦИОМ и ФНЭБ представляют исследование об отношении россиян к экологическим и климатическим проблемам после самоизоляции в период пандемии коронавируса.
Политические риски для мировой энергетики: от ресурсного национализма до “мол...energystate
Доклад Валдайского клуба в рамках международной конференции «Глобальная энергетика и международные политические риски», июль 2020.
Авторы доклада: Константин Симонов и Алексей Гривач, Фонд национальной энергетической безопасности
Political risks in Global Energy: from "Resource Nationalism" to "Molecules o...energystate
This document summarizes the changing political risks associated with the global energy sector. It discusses how the concept of "resource nationalism" dominated in the 1970s-1990s as countries sought control over their oil and gas reserves. However, factors like the U.S. shale revolution and green revolution have reshaped the energy politics landscape in recent years. The shale boom reduced fears of dependence on state-controlled exporters by making the U.S. a major producer. Meanwhile, climate policies are being used increasingly as a political tool in Europe against hydrocarbon suppliers like Russia. Overall the political and economic dynamics around global energy are evolving in complex ways.
Сценарии развития мирового рынка нефти в 2017 году и прогноз для нефтяной отр...energystate
Презентация к докладу А.Пасечника, руководителя аналитического управления Фонда национальной энергетической безопасности (ФНЭБ), на конференции «Нефтегазовые рынки центральной и восточной Европы». Минск, 11-13 апреля 2017 г.
Nord Stream & Ukraine: Commercial Competitionenergystate
This document discusses Russian natural gas flows to Europe and Turkey through Ukraine in 2015. It provides data on the entry and exit points into Ukraine's pipeline system and the share of Ukrainian gas transit to EU countries. It also details the main transit pipelines in Ukraine, their capacities, 2015 gas flows, and utilization rates. The document compares the Nord Stream pipeline to Ukraine's transit system and analyzes the cost to transport gas from Russia to Baumgarten, Austria via different routes. It also shows data on declining EU natural gas production.
Трудноизвлекаемые запасы нефти и актуализация задач по удержанию темпов нацио...energystate
Доклад руководителя аналитического управления Фонда национальной энергетической безопасности Александра Пасечника на 2-м международном форуме "Нетрадиционная нефть и методы увеличения нефтеотдачи (МУН)", 3-4 декабря 2014 г., Москва
Презентация доклада Фонда национальной энергетической безопасности "Реформиро...energystate
Европейский союз упорно пытается применить модель либеральных рынков, которая работает в условиях реального и длительного переизбытка предложения газа. У евро¬пейцев возникает иллюзия «газового волшебства»: они уверены, что применение новой модели ценообразования неизбежно станет ключом к успеху. Однако они забывают, что в основе должен лежать постоянный и увеличивающийся профицит предложения. А с ним-то как раз и возникают трудности.
статья Алексея Гривача, заместителя генерального директора Фонда национальной энергетической безопасности (ФНЭБ) по газовым проектам, в журнале "Газовый бизнес", апрель-май, № 2, 2013
The energy factor in sino russian relationsenergystate
Konstantin Simonov’s speech presentation at The International Conference "Rebalancing the World Energy Markets: The role of China, Russia and Central Asia"
London, UK, November 29, 2012.
The role of azerbaijan and russia in the european energy security strategyenergystate
Konstantin Simonov’s speech presentation for The Roundtable "The Role of Azerbaijan in the European Energy Security Strategy".
Paris, France, April 13, 2012.
Russia and europe battle or cooperationenergystate
Konstantin Simonov’s speech presentation at The Investment Energy Summit Greece, Cyprus, Israel
"Re-designing the European energy map".
Athens, Greece, March 28, 2012.
Acolyte Episodes review (TV series) The Acolyte. Learn about the influence of the program on the Star Wars world, as well as new characters and story twists.
An astonishing, first-of-its-kind, report by the NYT assessing damage in Ukraine. Even if the war ends tomorrow, in many places there will be nothing to go back to.
El Puerto de Algeciras continúa un año más como el más eficiente del continente europeo y vuelve a situarse en el “top ten” mundial, según el informe The Container Port Performance Index 2023 (CPPI), elaborado por el Banco Mundial y la consultora S&P Global.
El informe CPPI utiliza dos enfoques metodológicos diferentes para calcular la clasificación del índice: uno administrativo o técnico y otro estadístico, basado en análisis factorial (FA). Según los autores, esta dualidad pretende asegurar una clasificación que refleje con precisión el rendimiento real del puerto, a la vez que sea estadísticamente sólida. En esta edición del informe CPPI 2023, se han empleado los mismos enfoques metodológicos y se ha aplicado un método de agregación de clasificaciones para combinar los resultados de ambos enfoques y obtener una clasificación agregada.
Essential Tools for Modern PR Business .pptxPragencyuk
Discover the essential tools and strategies for modern PR business success. Learn how to craft compelling news releases, leverage press release sites and news wires, stay updated with PR news, and integrate effective PR practices to enhance your brand's visibility and credibility. Elevate your PR efforts with our comprehensive guide.
Here is Gabe Whitley's response to my defamation lawsuit for him calling me a rapist and perjurer in court documents.
You have to read it to believe it, but after you read it, you won't believe it. And I included eight examples of defamatory statements/