FDI & Foreign Trade

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• May 26, 2010 by Russia Briefing
  

  China Huandian Power Sign Joint Venture Deal with Russia’s TGK-2

  May 26 – Chinese Huadian Power International Corporation Ltd. (HPIC) will finally have a share of the Russian power market after a long bidding process. The company has entered a joint venture with Russian regional power generator TGK-2 for a thermal electric power plant project in Yaroslavl. Russia’s TGK-2, controlled by energy firm Sintez Group[…..]
• May 24, 2010 by Russia Briefing
  

  Russian Bureaucrats Find an Efficient Mechanism to Attract Foreign Investors

  May 24 – Foreign direct investment funds, in cooperation with Vnesheconombank, might appear in Russia soon, Minister of Economic Development and Trade Elvira Nabiulina stated yesterday. She believes those funds have become an efficient instrument for attracting capital to the Russian economy while the government creates a friendlier business environment for investors. According to the[…..]
• May 18, 2010 by Russia Briefing
  

  Russia’s Capital Outflow Hits US$203 Million

  May 18 – After three months of unbroken inflow, investors have started taking out capital from Russia and CIS country-oriented funds. According to fund tracker EPFR Global, capital outflow has reached US$203 million in the region, compared to losses of US$332 million in China, US$247 million in Brazil, US$189 million in India, and US$351 million[…..]
• May 7, 2010 by Russia Briefing
  

  Japan Seeks to Reinstate Timber Export Levels from Russia

  May 7 – Import volume of raw timber materials from Russia to Japan, which dropped drastically the last three years, may soon increase again said Tamba Tosikhito, the head of the Japanese Lumber Importers Association (JLIA), in a meeting with Russian Dalexportles in Khabarovsk city last week. Tamba also noted that timber has to be[…..]
• May 4, 2010 by Russia Briefing
  

  Moscow Invests in Russian ‘Silicon Valley’

  May 4 – As part of President Dmitry Medvedev’s plan to diversify the country’s economy through investment in innovation and reduce its dependence on oil and gas, the Kremlin this year announced plans to create Russia’s version of “Silicon Valley,” a new high-tech hub in the Moscow region town of Skolkovo. Yesterday Dmitry Medvedev declared[…..]
• May 3, 2010 by Russia Briefing
  

  South Korea to Increase Trade Links with Russia’s Far East

  May 3 – Korean businessmen are ready to invest their funds in joint ventures with Russian companies, but they are looking for remarkable projects, stated the head of the informal delegation from South Korea in Vladivostok last week. Groups of investors came to the Russian Far East to participate in a meeting dedicated to 20[…..]
• April 28, 2010 by Russia Briefing
  

  John Deere’s Looks to Service Russia’s Agiculture Revival

  Apr 28 – U.S.-based tractor maker John Deere officially opened its new manufacturing and parts distribution facility south of Moscow yesterday in Domodedovo. The Domodedovo facility is the company’s largest single investment to date in Russia and the first step of its plan to invest US$500 million in the country. The facility will manufacture agricultural,[…..]
• April 22, 2010 by Russia Briefing
  

  Foreign Companies Working in Russia Sign Anti-Corruption Pact

  Apr. 22 – Members of the Russian-German Foreign Trade Chamber were slated to sign the document on Wednesday, but only 40 managed to do so, as some executives were stuck in airports across the globe because of the volcanic ash cloud from Iceland that grounded flights across Europe, said Michael Harms, chairman of the nonprofit[…..]
• April 21, 2010 by Russia Briefing
  

  Russian Firms Race Ahead to Raise IPOs

  Apr. 21 – Four firms from Russia and Ukraine pressed ahead with share offerings to raise up to US$2 billion, with two lowering valuations following weak demand for a placement last week and a fall in share prices on Monday, Reuters reports. Dozens of Russian companies plan initial public offerings this year, seeking to replenish[…..]
• April 20, 2010 by Russia Briefing
  

  Russian Labor Market Tempts Few Workers but Lures Seekers of Income Boost

  Apr. 20 – According to a recent survey conducted by international online recruitment service The Network, only 7 percent of foreigners would like to work in Russia. Among the 66,000 polled from 35 different nations, citizens of Finland (36 percent), Latvia (20 percent) and Ukraine (17 percent) were more positive towards the thought of working[…..]