Russian American Chamber of Commerce in the USA by jolinmilioncherie


									 GDP (purchasing power):       GDP - per capita (PPP):
  $2.225 trillion                $15,800

 GDP (official exchange rate):  Population:
  $1.757 trillion
 GDP - real growth rate: 6%

 Russia ended 2008 with its tenth straight year of growth, averaging 7%
  annually since the financial crisis of 1998.
 Over the last six years, annual fixed capital investment growth and
  personal income growth averaged above 10%, but both grew at slower
  rates in 2008.
 Russia's GDP grew an estimated 6.0% in 2008, led by non-tradable
  services and goods for the domestic market.

 Banking reserves reduced to $435 billion due to oil price drop by 70%
  since mid-July and central bank intervention to defend the ruble during
  the last quarter of the year.

 Banking system faces liquidity problems against short-term external
  repayment obligations.

 The ruble is devaluating; the currency has fallen 20% against the

 Contraction in economy forecasted for the first two quarters of 2009,
  and full year growth expected to decline to 2.4%.
 $200 billion rescue plan expected to increase liquidity in the financial
  sector, to help firms refinance foreign debt and to support the stock

 The government also unveiled a $20 billion tax cut plan and other fiscal
  supports for society and industry.

 Government outlined economic priorities for Russia include:
     improving infrastructure, innovation, investment, and institutions
     reducing the state's role in the economy
     reforming the tax system and banking sector; developing one of the biggest
      financial centers in the world, combating corruption, and improving the
 The number of dollar billionaires in Russia last year jumped from 61 to 101, with
  the country’s 10 richest people sitting on a combined fortune of $221 billion.

 In 2007 Russia’s growth exceeded all expectations (7.6% GDP growth),
  accelerating in several key economic sectors such as retail, real estate, tourism,
  and communications.

 Olympic Games 2014 infrastructure development :
        Tourist infrastructure — $2.6 billion
        Olympic venues — $500 million
        Transport infrastructure — $270 million
        Power supply infrastructure — $100 million

 Russian consumers are now the world’s fourth biggest spenders on high-end
  goods, after the U.S., Japan, and China.

 By 2009 Russian consumers are predicted to account for 7% of global luxury
  goods sales, which would make Russia the fastest-growing emerging market in
  this segment.

 Russian consumers are conforming to a global trend of increased demand for
  luxury products, due to:
  • Increases in income
  • Easier access to international travel
  • Increases in marketing directed specifically at Russian consumers by foreign
    luxury good companies
 According to the head of JamilCo, a distributor of European brands, the
  luxury goods market in Russia will expand at an annual rate of about 20% in the
  years ahead.

 2007 was an especially high growth year, when demand for luxury goods in
  Russia went up 60%, in that year alone.

 Russian consumer culture is developing to the point where consumers are ready
  to spend money on brand names and labels that convey a unique message about
  who the purchaser is.

 The market is becoming more attractive as authorities are planning on
  reducing restrictions on foreign ownership.

 There are many dynamic sectors in the Russian economy today with
  enormous growth potential and attractive opportunities for foreign

 Increased opportunities for business partnerships.

 Serves as an umbrella organization for promoting trade and commerce
   between the USA and the Russian Federation and the CIS countries;

 Serves as an advocacy group for the American and Russian businesses;

 Over 200 corporate members in the USA, Russia, CIS and Baltic States.

 According to the Economist Intelligence Unit, Russia is one of the most
  attractive nations for foreign investment among transitional economies.

 In particular, Russia is expected to become a leader in raising direct
  foreign investment in 2006–2010 among ex-USSR states and Eastern
  European countries.

 By the end of September 2006, cumulative foreign investments in the
  Russian economy came to approximately USD130 billion.

   The Coca-Cola Company               Arnall Golden Gregory LLP
   Delta Air Lines, Inc                InterContinental Hotels Group
   American Airlines                   Rosneft
   Smith, Gambrell & Russell, LLP      The Related Group
   Delloite                            The Trump Organization
   Gazprombank                         etc.

9.   “Insider’s View: Russia”. Campaign (UK). 11/3/2006. Issue 44, p17



To top