Chairman of the AHK Executive Board
Traditionally, German business is the champion of localization in Russia: numerous small and medium-sized German companies have established their production here. According to an AHK survey, a third of our members are currently thinking about further localization in the Russian market within the coming three years.
Chief Executive Officer, Association of European Businesses (AEB)
The volume of direct European investments in Russia amounts over 50% of the total volume of foreign investments. In spite of turbulent times Russia remains the main trading partner for the EU countries. The AEB is the main representation of foreign investors in Russia, and based on the first-hand information we are confident that foreign companies will continue to develop their businesses in Russia.
President and CEO of the American Chamber of Commerce in Russia
An AmCham survey estimates cumulative US corporate Foreign Direct Investment into Russia as at least 82.44 bln USD based on 90 large companies. While historically FDI into the energy sector, specifically oil and gas, predominated, investment into manufacturing is now growing as US companies actively localize their production in Russia, thus taking part in ‘new industrialization’ of the country. Their new plants bring along new technologies and bolster the country’s export potential.
President, Confidustria Russia
At this moment, of course, the import from Italy to Russia keeps dropping, and so I tell Italian businessmen – localize your production in Russia. It will be exclusively this way from now onwards and, from my humble point of view, this is right, especially for Russia. Russia is a huge country, there live and work talented people, this is why localization and joint ventures will inevitably succeed, I am sure of it.
Oleg B. Prozorov
Head of The Belgian-Luxembourg Chamber of Commerce in Russia
Russia is a country of great opportunities and huge projects!
The Industrial Development Fund is one of the exclusive economic institutes of Development, which was created especially, to assist investors.
Providing best conditions for the location of industrial enterprises, made Russia the ideal and attractive place among other countries of the Eurasian region.
Chairman of the Board of Directors of Citibank in Russia
Russia remains a big and important business destination for Citi. There are still many opportunities in Russia, this market provides excellent return on investments and operational efficiency.
President of KNAUF AG
The tax system in Russia is a God’s gift. It is not just a stable but a fantastic system which doesn’t exist anywhere else in the world. In Germany I pay 50%, it’s much less here. In Russia, one can register a limited liability company with just 500 euro and start work. These are ideal conditions. We expect a great future for Russia!