Interreg iiia



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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





FOREIGN MARKET ANALYSIS


RUSSIA

The beforehand foreign market analysis of Russia was laid down

based on data and research provided by:

The Italian Ministry of Foreign Affairs

The Italian Trade Institution ICE

The Hellenic Ministry of Foreign Affairs







Area

17.075.400 Kmq

Population

145.300.000 inhabitants

Density

85 inhabitants/kmq

Official language

Russian

Religion

Christian Orthodox

Capital

Moscow(10.102.000 inhabitants)

Other main cities

St. Petersburg (4.669.000 inhabitants)

Novosibirsk (1.426.000 inhabitants)

Nizhny Novgorod (1.311.000 inhabitants)

Yekaterinburg (1.293.000 inhabitants)



Institutional form

Federal Republic

Currency

Ruble (RUB)





COMMUNITY INITIATIVE ΙNTERREG III A GREECE-ΙΤΑLY 2000-2006

AXIS II ΕENTREPRENEURSHIP- MEASURE 2 STRENGTHENING COMPETITIVENESS OF SMEs – PROJECT MISSIONS (APOSTOLES)



Foreign Market Analysis RUSSIA



CONTENTS


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




1. ECONOMIC SITUATION ANALYSIS

1.1 Main Financial Indicators





Index

2003

2004

2005

2006

GDP in current values (billion. RUB)

13.243

17.048

21.620

26.781

GDP in current values (billion dollars)

431,5

591,7

764,4

984,6

Rate of real growth (%)

7,3

7,2

6,4

6,7

GDP per capita (US$)

2.990

4.120

5.350

6.920

Inflation (%)

13,7

10,9

12,7

9,7

Unemployment rate (%)

8,6

8,2

7,6

7,3

Exports(Fob)

135,9

183,2

243,6

303,9

Imports(Fob)

-76,1

-97,4

-125,3

-164,7

Balance

59,9

85,8

118,3

139,2

Exchange rate Rub/US$ (average annual value)

30,7

28,8

28,3

27,2

Exchange rate Rub/€ (average annual value)

34,7

35,8

35,2

34,1

External Debt (billion US$)

175,7

196,8

229,0

278,2*

International reserves(billion US$ - gold excluded)

73.175

120.809

175.891

295.568

Source: EIU, Economist Intelligence Unit, Country Report June 2007


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