Business Opportunities in Russia
Head of the Trade Representation of Russia in Belgium and LuxembourgVladimir Vorobiev
Ministry of Economic Development of the Russian FederationTrade Representation of Russia in Belgium and Luxembourg
Mechelen,10th December, 2014
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Business Opportunities in Russia
Ministry of Economic Development of the Russian FederationTrade Representation of Russia in Belgium and Luxembourg
Russian Economy Today
Ranking in Doing Business: 2014 – 62; 2013 – 92
Russia - is the sixth largest economy in the world from the point of view of GDP volume (2,6 trillion USD based on PPS)
From the point of view of GDP per capita Russia is the 16th in the world (24,3 thousand USD)
Public debt is the lowest compared to GDP among the BRICS countries and USA in 2013 (Russia - 11,3%; USA - 104,7%; China - 22,4%; Brazil - 66,3%; India - 66,7%)
National gold reserves - Russia holds the fifth place in the world with 510 bln. USD. (China - 3 879 bln. USD; Japan - 1267 bln. USD; Saudi Arabia - 726 bln. USD; Switzerland - 536 bln. USD)
Russia is the seventh largest market (145,6 mln. people)
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Business Opportunities in Russia
Ministry of Economic Development of the Russian FederationTrade Representation of Russia in Belgium and Luxembourg
Russian Economy Today
Average monthly salary in Russia in 2013 is 937 USD (15 times growth from the year 1999)
Industrial production is growing (+1,5%)
Nice crop harvest (102-104 mln. t., annual growth of 10-13%)
Foreign trade turnover in 2013 is 842 bln. USD (with EU- 49%; CIS - 14%; APEC - 25%: China - 11%, Japan - 4%, USA - 3%, India - 1,2%)
The capital outflow has reduced (23,7 bln. USD in the II semester and 13 bln. USD in the III semester compared with 48,6 bln. USD in the I semester)
In 2014 the GDP growth of 0,5% is foreseen
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Business Opportunities in Russia
Ministry of Economic Development of the Russian FederationTrade Representation of Russia in Belgium and Luxembourg
Russian-Belgian trade & economic relations
Belgium is an important trade & economic partner for Russia
We are satisfied to observe positive dynamics in all areas of our trade & economic cooperation: trade in goods and services, investments, industrial and scientific cooperation
During the eight months of 2014 the turnover between Russia and Belgium has increased by 15,3 to reach 8,8 bln. USD. Belgium is the 17th most important trade partner for Russia
The volume of trade in services grows steadily and has reached 1,2 bln. USD in 2013
The amount of Belgian investment accumulated in Russia – 3,9 bln. USD
The amount of Russian investment accumulated in Belgium – 232,7 mio. USD
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Business Opportunities in Russia
Ministry of Economic Development of the Russian FederationTrade Representation of Russia in Belgium and Luxembourg
Commodity Structure of the Russian Exports to Belgium in 2013
50,0%
24,8%
14,4%
8,1%
0,7%
0,3%
1,7%fuel and energy products
precious stones, semipreciousstones and products thereof
metals and products thereof
products of chemical and relatedindustries
w ood and products thereof
machinery, equipment andvehicles
other
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Business Opportunities in Russia
Ministry of Economic Development of the Russian FederationTrade Representation of Russia in Belgium and Luxembourg
Commodity Structure of the Russian Imports from Belgium in 2013
34,9%
16,6%11,7%5,4%
5,0%
4,2%3,7%2,3%
16,2%
products of chemical industry
machinery, equipment andsound-recording equipment
polymeric materials, plastics,rubber and products thereof
vegetable products
ferrous metals
prepared foodstuffs, beverages,tobacco
mineral products
optical and measuringequipment
other
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Business Opportunities in Russia
Ministry of Economic Development of the Russian FederationTrade Representation of Russia in Belgium and Luxembourg
Main areas of cooperation
Aviation & Space(LMS, Barco, Thales Alenia Space, Skywin)
Energy & Petrochemistry(Solvay, Eurochem, Lamifil, Lhoist,Gunvor)
Transport & Logistics(Ahlers, DEME, Jan De Nul, ports of Antwerp, Ghent, Zeebrugge and Ostende)
Healthcare & Pharmaceutics(IBA, Janssen Group, UCB Pharma)
Innovations(University of Ghent, Catholic University of Leuven, IMEC)
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Business Opportunities in Russia
Ministry of Economic Development of the Russian FederationTrade Representation of Russia in Belgium and Luxembourg
Economic cooperation between Belgium and Russian Regions
For many Russian regions Belgium is the major trade and investment partner
The most attractive sectors for Belgian enterprises at the regional level are:Chemical industryConstructionAgricultureHealthcareR&DTransport & Logistics
The most active areas are:Moscow and Moscow RegionSaint-Petersburg and Leningrad RegionNizhniy Novgorod RegionKrasnodar RegionRepublic of TatarstanTomsk Region
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Business Opportunities in Russia
Ministry of Economic Development of the Russian FederationTrade Representation of Russia in Belgium and Luxembourg
Business Mission of the Eurasian Economic Union to Belgium
Dates: February, 2015
Participants: Officials of the Eurasian Economic Commission and businessmen
Aim: Matching of European and Eurasian businessmen; informing European partners about the Eurasian Economic Union
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Business Opportunities in Russia
Ministry of Economic Development of the Russian FederationTrade Representation of Russia in Belgium and Luxembourg
Business Mission of the Belgian transport and seafood sector to Russia (Saint-Petersburg and Murmansk Region)
Dates: March, 2015
Participants: Saint-Petersburg & Murmansk Region Government; CCI of Saint-Petersburg and Murmansk; Pulkovo Airport; Rosmorport; Port of Saint-Petersburg
Aim: Establishing of new cargo airline Murmansk-Antwerp; promoting of Russian seafood export to Belgium and Luxembourg; attending the International exhibition “Sea, Seafood and Technologies”, 17-19 March, 2015 in Murmansk
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Business Opportunities in Russia
Ministry of Economic Development of the Russian FederationTrade Representation of Russia in Belgium and Luxembourg
Business Mission of the Vologda Region to Belgium and Luxembourg
Dates: 1st semester, 2015
Participants: Vologda Region Government; companies Severstal, Vologda Berry, VOMZ
Aim: Development of cooperation in the metallurgy, food sector and optics
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Business Opportunities in Russia
Ministry of Economic Development of the Russian FederationTrade Representation of Russia in Belgium and Luxembourg
Business Mission of the Kostroma Region to Belgium and Luxembourg
Dates: 1st semester, 2015
Participants: Kostroma Region Government; food and light industry of the region
Aim: Development of cooperation in the food sector and light industry
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Business Opportunities in Russia
Ministry of Economic Development of the Russian FederationTrade Representation of Russia in Belgium and Luxembourg
Business Mission of Saint-Petersburg to Belgium
Dates: 1st semester, 2015
Participants: Saint-Petersburg Government; Saint-Petersburg CCI; transport and healthcare sector
Aim: Presentation of investment opportunities of Saint-Petersburg; attracting Belgian investors to Saint-Petersburg investment projects
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Business Opportunities in Russia
Ministry of Economic Development of the Russian FederationTrade Representation of Russia in Belgium and Luxembourg
Business Mission of the Stavropol Region to Belgium and Luxembourg
Dates: 1st semester, 2015
Participants: Stavropol Region Government and businessmen
Aim: Entering the Belgium market by companies from the Stavropol Region
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Business Opportunities in Russia
Ministry of Economic Development of the Russian FederationTrade Representation of Russia in Belgium and Luxembourg
Business Mission of the Chelyabisk Region to Belgium and Luxembourg
Dates: 2nd trimester, 2015
Participants: Chelyabinsk Region Government and businessmen
Aim: Entering the Belgium market by companies from the Chelyabinsk Region
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Business Opportunities in Russia
Ministry of Economic Development of the Russian FederationTrade Representation of Russia in Belgium and Luxembourg
Business Mission of Russian hi-tech industry to Belgium
Dates: 2nd trimester, 2015
Participants: Rusnano, Skolkovo, JSC RVK, Technospark, Eltech
Aim: Development of hi-tech cooperation and exchange of new technologies
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Business Opportunities in Russia
Ministry of Economic Development of the Russian FederationTrade Representation of Russia in Belgium and Luxembourg
Business Mission of the Moscow Region to Belgium
Dates: April, 2015
Participants: Moscow Region Government and healthcare sector
Aim: Involving Belgian partners in modernization of the healthcare system in the Moscow Region
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Business Opportunities in Russia
Ministry of Economic Development of the Russian FederationTrade Representation of Russia in Belgium and Luxembourg
Business Mission of the Krasnodar Region to Belgium and Luxembourg
Dates: 2nd trimester , 2015
Participants: Krasnodar Region Government; tourist sector of the region
Aim: Involving Belgian partners in modernization of the tourist infrastructure of the Krasnodar Region, participation in bilateral tourist programmes
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Business Opportunities in Russia
Ministry of Economic Development of the Russian FederationTrade Representation of Russia in Belgium and Luxembourg
Participation of Belgian and Luxembourg companies in the IV International Business Summit in Nizhniy Novgorod
Dates: September, 2015
Participants: Nizhniy Novgorod Region Government; companies RusVinyl, RusPav, JSC Okskaya Sudiverf, JSC Krasnoe Sormovo, Nizhniy Novgorod Research Institute of Traumatology and Orthopedics
Aim: Development of cooperation in the areas of healthcare, shipbuilding and infrastructure, transportation and logistics, automotive
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Business Opportunities in Russia
Ministry of Economic Development of the Russian FederationTrade Representation of Russia in Belgium and Luxembourg
Participation of Belgian and Luxembourg companies in the Open Innovations 2015 Forum
Dates: October, 2015
Participants: Russian Innovative Clusters; Rusnano; Skolkovo; Eltech; Saint Petersburg National research University of Information Technologies, Mechanics and Optics; Saint Petersburg Electrotechnical University LETI
Aim: Involving Belgian partners in modernization Russian research centers, development of cooperation in hi-tech area
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Business Opportunities in Russia
Ministry of Economic Development of the Russian FederationTrade Representation of Russia in Belgium and Luxembourg
Business Mission of Russian space sector to Belgium and Luxembourg
Dates: 2nd November, 2015
Participants: Roscosmos; TSKB Progress; Reshetnev ISS; RKK Energia
Aim: Launching of joint space programs; development of cooperation in the space industry
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Business Opportunities in Russia
Ministry of Economic Development of the Russian FederationTrade Representation of Russia in Belgium and Luxembourg
X Session of the Joint Economic Commission Russia-BLEU (Luxembourg) and Business Forum
Dates: December, 2015
Participants: Governments of Russia, Belgium and Luxembourg, key business players
Aim: Development of economic cooperation between our countries, signing of cooperation agreements
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Contact Information
Ministry of Economic Development of the Russian FederationTrade Representation of Russia in Belgium and Luxembourg
Trade Representation of Russia in Belgium and Luxembourg
Drève de Lorraine 45B-1180 Bruxelles
Tel. : +32 (0)2 375 40 20Fax : +32 (0)2 375 74 [email protected]
24Ministry of Economic Development of the Russian FederationTrade Representation of Russia in Belgium and Luxembourg
Thank you for your attention!