Corporate BusinessRussia: A Booming Emerging Market Looks further AfieldRussia is one of the fastest growing emerging markets in the world. Since 1999 it has enjoyed seven consecutive years of economic growth, averaging almost 7 per cent per annum. While economic analysts remain sensitive to the economy's dependence on commodities, statistics from the Russian Ministry of Economic Development and Trade demonstrate that other major indicators are positive and Russia's growth performance remains robust and well above its long-term trend rate: For these reasons, international businesses are lining up to enter the Russian market. Furthermore, because Russia has few preferred trading partners, Australian companies have an opportunity to compete and expand in this rapidly emerging market. Business Between Australia And Russia & Russia And Australia Many sophisticated new products from Australia, such as medical equipment, education services, tourism, processed foods and telecommunications products and services, have begun to penetrate the Russian market. An increasing number of Australian companies are successfully established in the market. Many small and medium-sized companies are now represented in the market alongside large, well-established multinational companies. With the onset of a booming market Russian companies are now looking overseas further to broaden their business opportunities With over 20 years business expertise on the Russian Market, Gateway Travel now sees huge potential in offering business opportunities and foreign investments for Russians. With a growth of disposable income in the new rising middle class there is a new trend to travel abroad and seek business investments abroad. Main Growth Opportunities There are a number of exciting business opportunities for Russians in Australia.
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