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Results for Geographies › Russia & CIS
February 13, 2012. Russia's formal accession to the World Trade Organization (WTO) has been hailed the world over. Some estimate the impact on the economy will be the equivalent of one percent annual growth in gross domestic product. As tariffs are abolished or reduced and custom procedures adjusted, the decision between producing locally versus importing will be of strategic importance to business models, taxes and logistics. Several industries, such as pharmaceuticals and cosmetics, chemicals, agriculture and automotive, will see the greatest changes. What does this mean to international companies looking to expand into Russia?
December 13, 2011. Results from the 2011 Global Market Intelligence Survey show that companies in Russia and the Commonwealth of Independent States (CIS) tend to think more highly of their systematic market intelligence than companies in other regions. But when compared along other parameters, companies in this region appear to have a great deal of work ahead of them in achieving world class market intelligence programs.
Russia posted GDP per capita of US$15,800 in 2009, higher than any other BRIC nation last year. Brazil finished second at US$10,100, China third at US$6,000 and India a distant fourth at US$2,800, according to Goskomstat figures. Consumer markets in Russia are booming while set up costs for new businesses are still relatively low. High debt-to-equity ratios at many leading Russian companies make them attractive acquisition targets. So which Russian industries will be appealing market entry options for foreign companies over the next three years?
Since the term ‘BRIC’ was coined by a Goldman Sachs economist in 2001, Brazil, Russia, India and China have proven to be amongst the world’s largest economies and fastest growing markets. Conducting world-class market intelligence in BRIC may remain an enormous challenge for those who are not intimately familiar with the terrain but the future is bright for those who have already set up a foothold, according to experts.
The business-to-consumer (B2C) parcel delivery market is one bright spot in the sluggish European logistics market, thanks to the ever-increasing popularity of consumer e-commerce. Online retailing in Western Europe is estimated to grow around 10% over the next few years, driving growth of Europe’s B2C parcel market at about the same pace – particularly in the UK in Western Europe and Poland or Estonia to the East. What are some key market developments?
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The
wealthiest market per capita of all BRIC countries, Russia combines the best of
Europe and Asia. Together with the Commonwealth of Independent States (CIS), it
offers rich mineral resources as well as intellectual and creative potential. How
does one conduct Market Intelligence on its opportunities while avoiding its
risks? The GIA white paper “Market Intelligence in Russia & CIS” addresses this question, and more.
Russia is a vast country with a large population. What are some key things that businesses entering the Russian and the CIS markets for the first time need to be aware of?
The global stimulus packages announced by various governments in response to the current financial crisis impact companies along the value chains of many industries. The challenge will be to identify quickly the impact, the favorable circumstances and the spending requirements in order to act on the opportunities that arise.