CCI of Russia and NRCC discussed plans for 2018

On December 14, NRCC Administration met with Vice President of CCI of Russia Mr Vladimir Padalko. 

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Mr Vladimir Padalko (CCI of Russia), Mr Dmitry Bystrov (CCI of Russia), Mrs Katarina Saetersdal (Member of NRCC Board), Mr Jarle Forbord (NRCC). Picture: CCI of Russia 

The parties discussed plans for future cooperation between the Chambers in 2018.

Upon request from Mr Jarle Forbord, Mr Vladimir Padalko informed of the results in 2017, plans for the upcoming year, current tasks and activities of CCI of Russia. On the other side, Mr Jarle Forbord informed that in November 2017 NRCC signed the Program Agreement with the Norwegian Ministry of Foreign Affairs for NOK 10 million (USD 1.22 million) for the period 2017-2020. The purpose of the upcoming NRCC events mentioned in the Program Agreement is an implementation of various activities regarding interests of Norwegian and Russian companies. The aim of those events is to increase the volume and diversification of trade and economic cooperation between Russia and Norway. As Mr Jarle Forbord mentioned, the Norwegian Ministry of Foreign Affairs was very much encouraged by the fact that the projects within the framework of this program will be implemented in a close cooperation with longstanding Russian partners of NRCC, in particular, the CCI of Russia and regional CCIs.

Also, the participants have talked about upcoming Russian-Norwegian Business Forum as a main event in 2018. It was decided that forum will be held on the 18th of October at the premises of the Congress Center of the CCI of the Russian Federation. Mr Vladimir Padalko and Mr Jarle Forbord have shared some ideas regarding concept and format of the event and so on. As NRCC believes, the most urgent topics for consideration at the forum are cooperation in the oil and gas field, shipbuilding and marine technology, science and research, aquaculture.

Finally, the participants in the meeting highly appreciated the parties' willingness to cooperate in 2018.

 

 

Russia & CIS Relevant Books 2017: Recommended Reading List

Dear NRCC members & partners, please find Russia & CIS relevant books 2017: recommended reading list, prepared by Chris Weafer, Senior Partner at Macro-Advisory Ltd from Moscow. 

weaferShort summary of the recommended reading list: 

Most useful & interesting books in 2017. The first section of this report lists the most useful (for investors and business managers) books about Russia, the CIS and Central Asia which have been published in 2017 and which offer some insight into either the economy and politics or simply how Russia works. Specifically excluded from this list are most of the “tabloid” books focusing on, e.g. the impending doom of war or simply ranting about why Russia/the CIS is either so bad or so wonderful. We mention just a few which, e.g. attracted media attention. This year there have been a large number of books covering the more sensational aspects of the Russia-US relationship, particularly the allegations surrounding the US presidential election and Donald Trump. These books are also excluded, as they offer no useful insight for investors or those doing business with or in Russia. 

The books we recommend are listed in no particular order other than within these thematic categories: Domestic Politics, International Relations, Economy,  Historical Russia,  General Books and Guides,  CIS and Eurasia.

 Download here the full report in PDF format.

 

NRCC Alumni Event in Moscow, 14 December 2017

On December 14, Norwegian-Russian Chamber of Commerce had a pleasure to invite Alumni members and candidates to this year’s NRCC Alumni Event in Moscow. The event started with an opening address by H. E. Ambassador Leidulv Namtvedt, Royal Norwegian Embassy, Moscow. 

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H. E. Ambassador Leidulv Namtvedt, Royal Norwegian Embassy in Moscow and Mr Jarle Forbord, NRCC Managing Director

Mr Frode Mo, Country Director, Innovation Norway Russia, welcomed all NRCC Alumni members and candidates as well and updated them regarding Norwegian-Russian business relations. 

The next speaker, Mr Dmitry Bystrov, Regional Director, Chamber of Commerce and Industry of the Russian Federation, held a presentation about CCI of Russia's role in development of internationalisation of Russian export industry. 

NRCC CCI Workshop in Moscow on 13-14 December 2017

On 13-14 December 2017, a NRCC CCI workshop in Moscow was organised by the Norwegian-Russian Chamber of Commerce (NRCC).

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The participants were represented by representatives from CCI of Russia, Administration of the Nenets AO, Arkhangelsk CCI, CCI of the Leningrad Oblast, CCI of the Murmansk Region, Moscow CCI, Novgorod CCI, Pskov CCI, Confederation of Norwegian Enterprise (NHO) and NRCC. 

Networking meeting in St. Petersburg, 12 December 2017

On December 12, Norwegian-Russian Chamber of Commerce had a pleasure to invite their members and partners in St. Petersburg to the NRCC networking meeting hold at the facilities of Hotel Radisson Royal, NRCC member. Russian and Norwegian member companies and organizations participated in the meeting, as well as officials from both countries. Mr Rune Methi, NRCC Senior Project Manager, welcomed all the participants. The first speaker, Mr Dag Malmer Halvorsen, Consul General, Royal Norwegian Consulate General St. Petersburg, held a presentation about St. Petersburg as a place where Norwegian and Russian interests meet. 

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Mr Dag Malmer Halvorsen, Consul General, Royal Norwegian Consulate General, St. Petersburg 

Christmas Russia Breakfast with Mr Iver B. Neumann and Mrs Kristin Høiby - 6 December 2017

On December 6, Norwegian-Russian Chamber of Commerce (NRCC) and Confederation of Norwegian Enterprise (NHO) had a pleasure to invite their members to Christmas Russia breakfast with Mr Iver B. Neumann, Research Professor at NUPI, and Mrs Kristin Høiby, Senior Adviser at the Norwegian Research Council and Program Coordinator for the NORRUSS programme since 2014.  The meeting took place at the NHO facilities.

Mr Jarle Forbord, NRCC Managing Director, welcomed all the participants and introduced the following speakers to the audience. 

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Mr Iver B. Neumann, Research Professor at NUPI, gave a presentation about new developments in Russia. 

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Mr Iver B. NeumannResearch Professor at NUPI

Russia Macro Monthly Report - Russian Agriculture, November 2017: Can Russia Feed the World?

Please find Russia Macro report - Russian Agriculture, November 2017, prepared by Chris Weafer, Senior Partner at Macro-Advisory Ltd from Moscow. 

weaferShort summary of the report: 

Economy grows. The Russian economy is now growing again. The Economy Ministry expects GDP growth in excess of 2% this year as Russia pulls out of a three-year recession.
Agriculture bucks recession trend. Agriculture was the only major sector showing growth in the recession of 2014-17, with output growing 3.5% in 2015 and 4.8% in 2016, according to official figures. Growth in the sector of 4.5% is expected in 2017.
Key government policies – a perfect storm. Localization, counter-sanctions, ruble free-float, food security, subsidies and an ‘added-value in Russia’ approach are all helping food production to hit record levels in several sectors.
All according to plan. A strategic agricultural development plan was adopted in 2012 and is having a noticeable effect, with many targets reached ahead of schedule. Food self-sufficiency is a key element of national security.
Record production in many sectors. Grain production hit a new record in 2017, with harvest figures now revised upwards to nearly 130 million tonnes. Some sectors, such as poultry, now suffer from over-production.
And this helps inflation. Food items form over 40% of the CPI ‘basket’ in Russia. Greater production and competition is sharply reducing food price inflation, which impacts the CPI.
Food imports slump ... Russia was one of the world’s biggest food importers – over US$40 billion annually, which was over 30% of total consumption. But, in 2016, with a weaker ruble and counter-sanctions, food imports fell to around US$25 billlion.
… while exports rise. Agricultural exports were up 17% YoY in the first six months of 2017.
From guns to butter. Russia now earns more money from the export of food products than from military equipment. Latest estimates suggest US$20 billion of food exports in 2017.
Investment opportunities widening. Considerable areas of food production have been modernized in recent years, using Western equipment. Competition in some food sectors is now reducing profits and well-equipped producers can be bought more cheaply.
Politics no barrier to investment. The Russian government makes a sharp distinction between politics and economics and has repeatedly stressed that foreign investment is welcome in Russia.

Download here the full report in PDF format.

 

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