Business Russia

Russia`s new flourishing world of business

Moscow and St Petersburg are the main business centres in Russia. With a population of over 144 million people, business in Russia coniues to boom at an amazing pace.

Oil, gas and mineral resources were the starting point of Russia`s present growth. Now the economic growth comes also from industrial activity and local production. There is a very strong national and political commitment in this direction in Russia.

The rising middle class with a more disposable income and the localization of industries and production and businesses means more employment and increasing income to people in Russia. It also means diversification, modernization and globalization of businesses, production, industrial systems and companies. Definitely it means more growth and prosperity to the economy of Russia.

A typical example of localization is automotive industry in Russia today. Almost all big automakers and their main suppliers are establishing their production facilities in Russia, like: Renault, Ford, General Motors, Toyota, Volkswagen, Nissan, Hyundai & Kia, Suzuki, Fiat, Renault-Citroen. This has taken place only in the few last months.

Local production is focused on important key regions. St Petersburg, the home town of many Russian leaders and politicians today, leading the way in introducing the intake of leading western foreign car manufacturing companies-Ford, Toyota, General Motors, Nissan and Suzuki. The automakers have attracted component suppliers with production plants like Nokian Tyres, Magna, Asahi Glass, Johnson Controls, Stadco, Tenneco, etc to be followed by hundreds of other parts and components suppliers in St.Petersburg. This type of business implementing is part of todays`industrial plans in Russia This will continue for many years. Russia has implemented a new era of business in Russia
Many foreign firms are now opening their offices in Russia`s new flourishing world of business.

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