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Expanding To The Russian Market
Given the volatile nature of the European economy in recent months and years you may be thinking that overseas investment or expanding your business exports to one of these countries is not recommended however you would be wrong and one place that is remaining healthy is Russia. Many companies are exporting to Russia and reaping the rewards of doing so in the process as its economy has not been in a constant freefall like many others in the area and, in fact, it is actually remaining relatively stable.Russia enjoys a healthy market for exports coming into the country and around $300bn was brought in last year and the percentage of exports has grown ever year for the past 5 years and is projected to grow even further in the future meaning that there doesn’t look like there will be a slowdown in commerce anytime soon. Even though the Russian economy essentially opened up around 15 or 17 years ago after the fall of the Soviet Empire and the years between this even and a new wave of democracy taking over in the country the market is still hugely untapped for certain products and services and it is a place where many people have found success in expanding their business to.
You will need the services of an external agency to assist you in the process. While the country is in a much better state than it was 20 years ago corruption does still exist at some levels although not on the widespread stage that many people believe it does; that being said by using an agency that is experienced in brining foreign business to the Russian market then you will be giving yourself the best possible chance of avoiding it and ensuring the process of expansion goes as smoothly as it possibly can.
22.02.2012. 09:52