European companies can play an important role in the St. Petersburg Economic Forum, from June 17 to play. The european union economic problems situation get worse, Russia looks more attractive investment opportunities for European companies. This is compounded by the fact that most investment opportunities in Russia focus on innovation projects, despite the weak demand for finished products in Russia. On June 17 in St. Petersburg will host International Economic Forum 14. Russian and foreign investors to discuss investment projects and search – the best – and perhaps sign a record contract to avoid european union economic problems.
The purpose of the forum this year, the modernization of Russia it had a chance to help european union economic problems solving through it global financial crisis report , who was captured in the slogan of “lay the foundation for the future.” There will be special emphasis on agreements with energy companies and high technology companies and large financial Arkady Dvorkovich second president in a press conference in RIA Novosti on June 15 The plan is to sign several treaties and agreements with foreign partners in the forum this year than usual, Mr. Dvorkovich said to help european union economic problems.
“We hope that you will not be able to calculate the investment agreement signed by the same band,” he said, adding that European investors are planning to “significantly increase” investment was announced in Russia.
Due to economic difficulties the EU is growing day by day, it is unclear whether there is a large expansion is possible. Greece is always a risk of default. This risk is very serious, in fact, that Moody ‘s Investors credit rating was Greece, in four steps to non-investment grade or “junk”. Last month, Greece agreed a package of austerity measures to qualify for a loan from the European Union and the International Monetary Fund.
Other EU countries – Ireland, Italy, Portugal and Spain – have problems with your loan payments.
Spain also affected the liquidity in the interbank market earlier this month. Creditors of foreign banks refused to take a series of Spanish. Spain is likely to follow in the footsteps of Greece and the financial support of the European Union as a whole.
Germany and France, the economic strength of the European Union, which is more concerned with trying to get the economic problems of the European Union to resolve rather than investment opportunities in developing countries to seek. It was recently agreed an “economic government” to establish policies to coordinate the EU economy.
Most European managers are more concerned with safeguarding their investment and not an increase. No money for the development and expansion, and what is bad, no debt. The banking sector has not fully recovered after the crisis last year. Therefore, Russia should not expect that business investment is now in Europe.
Europeans are more willing to wait for his time. “The move is a positive and promising practices that are not abandoned, but it would be prudent to expect that investment to be true,” said Igor Nikolayev, an analyst at a large company accounting policy FBK privacy.
Mr. Dvorkovich said the industry, most foreign investments must be profitable, and they are all apparently involved innovations. The government is willing to support and be co-financed by the majority of the projects, which is less than 30% of the project. Very interested in foreign investment in Russian companies will surely enjoy the forum in St. Petersburg, where they have the opportunity to discuss the project with Russian businessmen and government officials, including leaders of the country.
In addition to domestic economic problems of Europe, Russia is far from attractive investment right now. The recession has not ended, and the macroeconomic indicators of Russia leaves much to be desired, especially compared to other BRIC countries.
The investment climate in Russia is to encourage foreign investment. Russia ranked 120 out of 183 countries in the IFC and the World Bank’s Ease of Doing Business Index in 2010, close to last year. Russia behind Bangladesh, Argentina and Nicaragua to facilitate the creation of a business, getting credit, protecting investors, getting employees, registering property and paying taxes.
It’s hard to imagine why foreigners should want to invest in innovation in Russia. The low demand for domestic products due to the lack of competition. Most employers realize that the development of research-intensive technology is more effective than, for example, pressure from business interests and government support. It gives the company a competitive advantage in Russia, not spending on innovation.
One can imagine an investment project that could attract foreign investors, high-tech products manufactured in Russia and sold in the west, where there is demand. But in this case, Russia will face stiff competition, such as India. It is also easier to develop innovative products that have a demand, said Igor Nikolayev.
Therefore, investors in Russia is not possible in Europe. List of countries represented at the forum, we can expect offers from China, India and the company AS
