Interreg iiia

	INTERREG IIIA GREECE-ΙΤΑLY 2000 - 2006	PROJECT MISSIONS (APOSTOLES) Action 8 Foreign Market Analysis
		Chamber of Commerce of Aitolokarnania	Chamber of Commerce of Thesprotia	Chamber of Commerce of Ioannina	Chamber of Commerce of Brindisi

1. ECONOMIC SITUATION ANALYSIS 3

3

1.1 Main Financial Indicators 3

1.2 Future Perspectives 3

1.3 Production sectors 4

The transition from a centralized system to a more enlarged one has destabilized the economy of Russia and has affected the validity of the data. The distributed phenomenon of tax evasion in the private sector, has determined the growth of the so said unofficial production, which according to some sources currently represents the 40% of the Russian GDP. Recently, the National Statistic Service RosStat introduced the methodological modifications in order to harmonize the official statistics with the international standards. 4

2. REFERENCE COUNTRY RUSSIA 4

2.1 Macroeconomic framework 4

a) Economic growth and country risk 4

b) Foreign market and foreign investment opening 7

c) Trade performance regarding Italy and bilateral foreign direct investments performance 8

d) Trade performance regarding Greece and bilateral foreign direct investments performance 9

2. 2 Intervention fields 9

a) Assessment of commercial penetration of Italian products in the domestic market 9

b) Assessment of direct investments to and from Italy 10

2.3 Trade and market access policy 13

α) Tariff Barriers 13

b) Non tariff barriers 13

c) Violations against copyright law 14

d) Concerns regarding foreign investments in the country 14

4. FINANCIAL EVENTS IN RUSSIA 16

4.1 Exhibition Calendar 2008 in Moscow 16

4.2 Exhibition Calendar 2008 in other Russian countries 18

5. USEFUL INFORMATION AND LINKS 19

5.1 In Italy 19

5.2 In Greece 20

5.3 In Russia 20

a. Italian representation 20

b. Greek representation 22

6. USEFUL WEBSITES 23

7. USEFUL INFORMATION 25

7.1 International calling code 25

7.2 Time-zone 25

7.3 Documentation 25

7.4 Working Days 25

7.5 Official Holidays 25

1st and 2nd January (New Year) 25