Geography, Economic Reforms & Business Etiquttes (Russia)

8/13/2019 Geography, Economic Reforms & Business Etiquttes (Russia)

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Russia

GeographyEconomic Reforms

Business Etiquettes

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Located in Northern Eurasia (Northern Hemisphere)

Area- total: 17,075,200 sq kmland: 16,995,800 sq kmwater: 79,400 sq km

Population : 143 million (as of 2012)

en.w

Climate data for Russia (records)

Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Recordhigh C

(F)22.2(72)

23.8(74.8)

30.3(86.5)

34.0(93.2)

37.7(99.9)

43.2(109.8)

45.4(113.7)

43.5(110.3)

41.5(106.7)

33.7(92.7)

29.1(84.4)

Recordlow C

(F)

71.2 (96.2)

64.4 (83.9)

60.6 (77.1)

46.4 (51.5)

28.9 (20)

9.7 (14.5)

9.3 (15.3)

17.1 (1.2)

25.3 (13.5)

47.6 (53.7)

58.5 (73.3)

Source: Pogoda.ru.net [125]
http://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Russia


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Topography

Most of Russia consists of plains, steppe to the south and forested tthe north with tundra along the northern coast Mountain ranges are found along the southern borders (Caucasus,

Altai, Verkhoyansk, Kamchatka Peninsula) Extensive coastline of 37000 kms Thousands of rivers ( Volga, Ob, Amur, Lena) and fresh water lake

(Lake Baikal) Second only to Brazil in volume of water renewable resources Worlds largest forest reserves


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Natural resources:oil, natural gas, coal, and many strategic minerals, timber

Natural hazards: Permafrost - Siberia Volcanic activity - Kuril Islands Volcanoes and earthquakes - Kamchatka Peninsula Spring floods - Siberia and parts of European Russia

Current issues: Air pollution Deforestation Soil erosion Groundwater contamination from toxic waste


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Airways: 1,216 airports

Railways : 87,157 kmRoadways: 982,000 kmWaterways: 102,000 km ( Coastline of 37000 kms)

Ports & Terminals: Kaliningrad Kavkaz Nakhodka Novorossiysk Primorsk Saint Petersburg Vostochnyy

Modes of Transport

Sour


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Important Cities

Moscow Labinsk Pskov St. Petersburg Vladivostok Irkutsk


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Started in 1990

Goals: Macroeconomic stability Restructure the country's economic framework Open the market for the foreign investors

Economic Reforms

Source- http://finance.mapsofworld.com/econo

Reforms Undertaken: Minimized Government's expenditure Planned government's budget deficit Improved the tax system(Profit tax) Decrease inflation Land reform and judicial reform Credit Expansion

Reduction of subsidy and increasing the revenue 24 SEZs
http://finance.mapsofworld.com/economy-reform/russia/http://finance.mapsofworld.com/economy-reform/russia/http://finance.mapsofworld.com/economy-reform/russia/


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Economy

Source- http://finance.mapsofworld.com

GDP : $2.229 trillion (2012est.) (8 th largest bynominal GDP)

GDP - real growth rate : 3.8% (2010 est.)

GDP - per capita (PPP) : $15,900 (2010 est.)

Unemployment rate : 7.6% (2010 est.)

GDP - composition by sector :Agriculture: 4.2%Industry: 33.8%Services: 62% (2010 est.)
http://finance.mapsofworld.com/economy-reform/russia/https://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttp://finance.mapsofworld.com/economy-reform/russia/


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Industrial production growth rate : 8.3% (2012 est.)

Exports : $376.7 billion (2012 est.)

Exports - commodities :petroleum and petroleum products, natural gas, metals, wood and woodproducts, chemicals

Imports : $237.3 billion (2012 est.)

Imports - commodities :machinery, vehicles, pharmaceutical products, plastic, semi-finished metalproducts, meat, fruits and nuts, optical and medical instruments, iron, steel

Economy

Source www.cia.gov
https://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cas


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Oil production : 10.12 million bbl/day (2010 est.)

Natural gas - production : 583.6 billion cu m (2009)

Exchange rates :Russian rubles (RUB) per US dollar 33.35 (2010)

Economy

Source www.cia.gov
https://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs&regionCode=cas


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Russian Economy Comparison with India


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Source : T

Cultural Dimensions


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Formal and conservative Men - business suits

Women - should wear subdued coloured business suits withskirts that cover the knees

Shoes should be polished

Men often do not take off their jackets in negotiations

Do not stand with your hands in your pockets. This is

considered rude

Appearance

Source - www.cyborlink.com/besite/russia.htm
http://www.cyborlink.com/besite/russia.htmhttp://www.cyborlink.com/besite/russia.htm


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Russians are transactional

It is still a good idea to develop a network of people who you knowand trust

Patience is essential Sincerity is crucial as it is required to build trust, and trust is needed

to build a relationship

Most Russians do not trust people who are 'all business'

Relationships and Communication


www.kwintessential.co.uk
http://www.cyborlink.com/besite/russia.htmhttp://www.cyborlink.com/besite/russia.htmhttp://www.cyborlink.com/besite/russia.htm


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Appointments are necessary

Punctually for meetings

Schedules are constantly changing

Meetings can be cancelled on short notice

Meetings are frequently interrupted.

At the end of the meeting, expect to sign a protokol', whicsummary of what was discussed.

Business Meeting Etiquette




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Do not like being rushed

Hierarchy is important

Compromise as weakness

Negotiating until you offer concessions

Lose their temper

Nothing is final until the contract is signed. Even then, Russians willmodify a contract to suit their purposes

Working Practice and Negotiations

Source - www.cyborlink.com/besite/russia.htmwww.kwintessential.co.uk


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Exchanged after the initial introductions

Have one side of your business card translated into Russian usingCyrillic text

Include advanced university degrees on your business card.

Hand your business card so the Russian side is readable to therecipient.

Business Cards




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Thank You

Documents

Geography, Economic Reforms & Business Etiquttes (Russia)