Russia Macro monthly report for April 2017 prepared by Macro-Advisory Ltd in Moscow

weaferPlease find Russia Macro Monthly report for April 201, prepared by Macro-Advisory Ltd from Moscow. The report discusses how political optimism ignores growth limitations. 

Summary

- Economy returned to growth in 4Q16. 

- .1% budget deficit in February.

- Minimal investment growth in 2016. 

- Retail sales far from recovery. 

- Agriculture growth slow. 

- Ruble stays stubbornly strong in March. 

 

Energy Networking Event at TechnipFMC - 16 May 2017

RigJan20

We have the pleasure to invite NRCC members to the Energy Networking Event organized by TechnipFMC in cooperation with the Norwegian-Russian Chamber of Commerce (NRCC) and the French-Norwegian Chamber of Commerce (FNCC). The event is hosted by TechnipFMC at company’s premises in Lysaker.

Date  : Tuesday, 16 May 2017

Time : 10hrs00-12hrs30

Place:  TechnipFMC, Philip Pedersens vei 7, 1366 Lysaker, Norway

Please download program for more details and follow the link to register for the meeting on-line

Number of seats is limited.

Registration deadline: Friday, 12 May 2017.

We hope to see you all at the event!

NRCC administration. 

 

Networking meeting in Oslo - 25 April 2017

On 25 April 2017, the NRCC Networking Meeting took place in Oslo, in the facilities of the NRCC member organization University of Oslo. About 55 participants took part in the meeting.

Watch video recording from the meeting (note that only NRCC members with activated accounts on the website can access the video recording). Please log in with your user name and password in order to watch. 

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NRCC Networking Meeting participants

Not applicable to abolish sanctions against Russia now

Comission-meeting-Moscow

"Not applicable to abolish sanctions against Russia now. Even though there is business circles' dissatisfaction" - this is what Norway’s Minister of Industry and Trade Monica Mæland says during her visit to Moscow on 20 April 2017.

But there is hardly any doubt that Monica Mæland's visit to Moscow in connection with the reunification of the Norwegian-Russian Economic Commission is the most visible sign that the links between the two lanes are slowly moving back to normal.

The Norwegian-Russian Commission for Economic Cooperation met in Moscow on Thursday 20 April, for the first time in almost four years. At the same time, the government and Norwegian industry argue about the sanction policy that Norway is involved with in Russia.

Now Norwegian politicians are now on their way back to Russia. Fisheries Minister Per Sandberg attended a fisheries conference in St. Petersburg in June 2016, and at the end of March 2017 Norwegian Minister of Foreign Affairs Børge Brende met his Russian colleague Sergei Lavrov in Arkhangelsk on the occasion of a conference on the Arctic.

The full article published by NRK news channel (in Norwegian language) can be downloaded by clicking on the link here

Norway’s Minister of Industry and Trade Monica Mæland representing Norwegian business in Moscow on 20 April 2017

FOTO: JURIJ LINKEVITSJ

Joint Norwegian-Russian Economic Commission in Moscow on 20 April 2017

Selmer-i-Aftenposten

"Restrictions are usually introduced as preventive measures (for example, against money laundering, corruption, terrorism financing). Trade sanctions, however, create a tension for both the authorities and the business community as they restrict something we all basically want more of, namely trade" - writes Liv Monica Stubholt, partner at the law firm Selmer and NRCC's President, in today's Aftenposten. The full article in Aftenposten (in Norwegian language) can be downloaded by clicking on the link here

In April, Norway’s Minister of Industry and Trade, Monica Mæland, travels to Moscow to resume high-level talks on economic cooperation between the two countries.On Thursday 20 April, Monica Mæland meets Sergey Donskoy, Minister of Natural Resources and Environment of Russia, during the meeting of the Norwegian-Russian Economic Commission in Moscow. NRCC will be represented at the meeting by Liv Monica Stubholt, NRCC Chair of the Board, Jarle Forbord, NRCC managing director, and Rolf Fiskerstrand, NRCC Board member and CEO of Fiskerstrand Shipyard (also acting as representative for Norwegian maritime industry). 

Roundtable Meeting in Karelia on 20 April 2017 

Karelia-aqua-2The Norwegian-Russian Chamber of Commerce & Akvaplan-niva, in cooperation with the Norwegian Consulate General in St. Petersburg and Karelia Chamber of Commerce & Industry, will on Thursday 20 April organize a roundtable meeting in Petrozavodsk focusing on aquaculture development. In addition, general business collaboration with the Karelian and Norwegian industry is on the agenda. The roundtable meeting is implemented with financial support from the Norwegian Barents Secretariat.

 

 

 

 

 

 

 

 

Russia Breakfast seminar «Anti-Corruption and human rights» - 29 March 2017

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On 29 March, Norwegian-Russian Chamber of Commerce and BDO invited NRCC members to a Russia breakfast meeting «Anti-Corruption and human rights» with representatives from Kværner, BDO and Responsible Business Advisors (RBA). The focus of the meeting was on the responsible business conduct and anti-corruprion measures. 

The breakfast seminar was chaired by the NRCC managing director Jarle Forbord. The presenters were Beate Hvam-Axelsen, Head of Compliance Kværner, Arnt Knudsen, Executive Vice President, Kværner, Kirsten S. Natvig, advisor, Responsible Business Advisors (RBA), Mads Blomfeldt, partner, BDO Forensic Services.

Mads Blomfeldt presented anti-corruption measures. Kværner presented their integrity policy on Corruption and Human Rights. RBA as well as the two other presenters, insisted that the point with international standards is not to discourage companies from entering complex environment, but rather to increase the companies´ awareness of the risks, and increase their capacity to tackle them in a responsible way. Presentations with practical knowledge from companies were followed by discussions and debates with the audience.

NRCC members can watch video recording from the meeting (please note that only NRCC members with activated accounts on the NRCC website can access the video recording).

 

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The aim of the NRCC is to stimulate and improve business relations between Norwegian and Russian companies regarding import, export, shipping, business development, tourism or investment activities. More...

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Phone: (+47) 21 01 57 50

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