Russian Economic Developments - №4 - 2016

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Please find enclosed recent survey "Russian Economic Developments" №4, 2016 prepared by experts of Gaidar Institute for Economic Policy, Moscow.

In this issue:

Inflation and the foreign exchange market; Contraction of corporate lending; The real sector in February 2016; Russian industry in February 2016; Dynamics of capital investment; Development of the oil sector: possibilities and limitations; 
Dynamics of production and foreign trade of Russia; Elimination of duties in SEZ in the Kaliningrad region; Money income and spending of population; Population’s material well-being assessment; Road freight traffic between Russia and Roland; Inter-fuel competition in electric power generation: coal or natural gas

 

Download Russian Economic Developments - №4 - 2016

Russia - a forgotten market?

East Capital Jacob Grapengiesser

 

 

 

13 April 2016, Jacob Grapengiesser, East Capital's Senior Advisor, commented on the results of the Russian economy in 2015 and the most recent developments in 2016.

"We continue to believe that the Russian market offers attractive upside, but it will be focused to a select number of opportunities. There are of course quite a few businesses not doing well in the current circumstances. A key event to follow will be the dividend announcements from large state-owned enterprises, and whether these will increase payouts in a meaningful way. Even though most funds would be underweight in such names, it would be a major boost to the market and would put Russia back in the spotlight."

Read full text on East Capital's corporate site.

Top leaders to Arctic Business Conference in Bodø (25-26 May 2016).

Arctic Business 2016

www.arctic-business.com

Among all the existing Arctic fora, the Norwegian Shipowners’ Association saw the need for a platform that gathers senior business leaders to discuss both the limitations of and the opportunities for economic growth in the Arctic. The aim has been to invite people with real influence on the development of the region and to forward intentions and discussions into actions and results

Launched in 2013, the Arctic Business initiative is a partnership between Norwegian Shipowners’ Association, DNV GL, Kongsberg and Statoil. It consists of three forums that engage the business community in different ways:  

  • a biennial business conference held in Bodø, Norway
  • the high-level, invitation-only Arctic Business Council convening every year in various but relevant locations
  • the permanent Arctic Business Secretariat, based in Bodø, Norway, addressing key issues year-round, coordinating Arctic Business Council initiatives, and developing conference and summit concepts
    These arenas provide exclusive international meeting places for business executives representing different industries operating in – or with an interest for – the Arctic.

The Arctic Business mission is to engage, educate and commit the business community to a sustainable development of the Arctic.

Last gathering for NRCC Entrepreneurship Program - Young Entrepreneurs in St. Petersburg - 30-31 March 2016

On 30-31 March 2016, Russian and Norwegian students from St. Petersburg - Oslo group of NRCC Entrepreneurship Program - Young Entrepreneurs have met for their final work on the business case for Jotun, NRCC Partner and one the largest Norwegian companies. 

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The first day of the training session began with informative lectures on Norwegian-Russian business relations and international market situation in St. Petersburg / Leningrad region given by Dr. Nikolay Shavrov, Director of Innovation Norway's St. Petersburg office. Further, Ms. Ekaterina Evmenova, Senior Lecturer from Northern (Arctic) Federal University, has discussed important aspects and particular issues associated with international marketing. Then students continued with the group work on the final business case presentations for Jotun management.

On the second day of the session, students have presented their solutions for Jotun's business case to Mr. Korkut Kulbul, General Director of Jotun Russia, and other representatives from top management of the company. After presentations, each of the 4 groups engaged in lively discussions of their findings and received feedback from Jotun's team.

Later that day the closing ceremony and official reception for Norwegian and Russian students of NRCC Entrepreneurship Program – Young Entrepreneurs took place at Royal Consulate General of Norway in St. Petersburg. Host of the reception Consul General Heidi Olufsen together with NRCC representatives thanked all participated students from the St. Petersburg-Oslo group for their contributions to the program and awarded them with graduation certificates. The jury from Jotun has chosen the winning team of students, who received awards from Jotun management team and NRCC representatives. 
 
 

Fostering green growth seminar - Investment opportunities for Nordic enterprises - NEFCO's 25th Anniversary in Oslo 12th of April 2016

NEFCO logo nobackground

The Nordic Environment Finance Corporation is hosting a seminar on green growth and cleantech investments in Oslo on Tuesday 12 April

Come and listen to prominent Nordic cleantech experts and find out what’s cooking in this vibrant field of business! According to estimates from the Finnish Innovation Fund Sitra, the global market for smart and clean urban solutions will amount to EUR 1,500 billion by 2025. How can Nordic investors, suppliers and consultants benefit from that development? We will give you some hints on Tuesday 12 April in Oslo.

Program of the seminar can be downloaded here

Please register by Thursday 7 of April to make sure that you are on board!

Welcome!

The seminar is free of charge.

Contact information: Mikael Sjövall, Communications Manager, Nordic Environment Finance Corporation (NEFCO)

P.O. Box 249, FI-00171 HELSINKI - HELSINGFORS, FINLAND        
Office: Fabianinkatu - Fabiansgatan 34
Telephone: +358 10 618 0649
Mobile: +358 50 3535 045 
Fax: +358 9 630 976
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

II Russisk-Norsk Reiselivsforum / II Russian-Norwegian Tourism Forum 

Russian Trade Mission                 Logo Tourism                 Inoovation Eng Hovedlogo rgb         Aeroflot logo    aeroflot logo       Visum

The Russian Trade Representation in Norway invites to II Russian-Norwegian Tourism Forum, which will be held 14-17 April 2016 in Oslo, in the premises of the Trade Representation (address is Frøyas gate 17, 0273 Oslo). 

The event is organized by the Trade Representation in collaboration with Russian Federal Agency for Tourism (Russiatourism) and Innovation Norway.

Please click on the link for registration through the website of the Trade Representation and for further information.

Contact details: Tel: + 47 22 44 40 25, (for phone calls from Moscow): +7 495 650 85 00 (ext. 6644), E-mail address: This email address is being protected from spambots. You need JavaScript enabled to view it.

Download program of the event in PDF (in Norwegian)

III International Conference "Fishery in the Arctic: challenges, international practices, prospects" on 16-17 March 2016 in Murmansk

IMG 3789 002Representatives from the NRCC take part in the Conference "Fishery in the Arctic", organized in Murmansk on 16-17 March by the Government of the Murmansk region with support of the Federal Agency for Fishery. 

On 16 March the Conference was opened with welcome speeches by Mr. Runar Sjåstad, Head of Finnmark County Council, Mrs. Marina Kovtun, the Governor of Murmansk region, and Mr. Pyotr Savchuk, the Deputy Head of the Federal Agency for Fishery, among others. 

Among participants in the Conference are Federal and regional government authorities, Russian and foreign maritime areas, international experts in fishery, Russian and foreign business, research institutions and educational organizations, professional unions and associations of fishermen.

 

 

 

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