Networking meeting in Oslo - 06 September 2016

On 6 September 2016, the NRCC Networking Meeting took place in Oslo, in the facilities of the NRCC member company DLA Piper Law Firm. About 65 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. 

IMG 3664--Kopi

NRCC Networking Meeting participants

Scandinavian breakfast meeting15 September 2016 from 09:30 to 11:30 a business breakfast "Practical aspects of business with Scandinavian countries" will take place at Moscow Exchange - the largest financial institution of Russia.

Among speakers:

  • Joonas Heiskanen, Minister-Counsellor, Head of Economy and Trade Section Embassy of Finland
  • Victor Lebedev, Head of Finance Atelier GrottBjorn
  • Daniel Korablev, Head of sales-credit organizations PJSC "Moscow Exchange"
  • Vladimir Bagreev, Advisor to the Norwegian-Russian Chamber of Commerce in Russia 
  • Jukka Huuhtanen, Country Director, Finnish-Russian Chamber of Commerce

It is a great opportunity to learn about new financial instruments which will allow your business to avoid almost completely dependence from currency fluctuations, and to strike up new business acquaintances. The event is open to members of the NRCC and FRCC for up to 2 representatives from same company.

Read more about the program and register on-line.

 

 

IMG 3373On 25 August, NRCC representatives attended Aftenposten's event "Foreign Affairs with Russia". Topics discussed concerned Russian history, culture, everyday life and political development. 


Former Aftenposten's correspondents in Russia, Per Anders Johansen and Jahn Otto Johansen, Halvor Tjønn, Kjell Dragnes, Per Kristian Aale, Aftenposten's US correspondent Kristoffer Rønneberg and Aftenposten's Europe correspondent Øystein Langenberg took part in the discussions and shared their opinions about Russia'a political and economical situation and future outlooks.

 

 

SochiForum2016Let us hereby inform you that Roscongress Foundation invites partners to the Sochi International Investment Forum 2016. The main events of the forum will be held from September 29 to October 2, 2016 in the Olympic Park’s Main Media Centre.

Address: 1 Olympic Prospekt, Adler, Sochi, Krasnodar Territory

For all matters concerning the Forum, please contact the Roscongress Foundation’s Information Centre on:

Tel.: +7 (495) 640 6547

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

The Sochi Forum is a traditional platform for presenting Russia’s investment and economic potential and regional aspects of the global economy, and for boosting cooperation and strengthening ties between Russian and foreign business leaders, experts, and media representatives.

The Forum is held with the participation of the Prime Minister of the Russian Federation Dmitry Medvedev.

More information can be found on the official website of the forum http://www.forumkuban.org/en/main-page/

Passengers of cruise vessels arriving the ports of Murmansk and Arkhangelsk can now stay in Russia without visas for 72 hours in case of staying on the board of the vessel or other place according to the group tourist program.

RussiaAccording to the decree of the Russian Federation Government signed on 22 July 2016, Murmansk, Arkhangelsk and Zarubino (Port of Zarubino in Primorsky District) are included in the list of ports with allowed entry to the Russian Federation for foreign citizens and stateless persons arriving as tourists aboard the cruise vessels authorized for passenger transportation.Consequently, foreign citizens and stateless persons who visit seaports of Murmansk and Arkhangelsk in tourist groups arrived bycruise vessels have an opportunity to stay in these regions for 72 hours without a visa.

From 1 February 2002 citizens of Schengen states, United Kingdom and Japan may visit the Kaliningrad region as tourists and obtain a 72-hour visa at the border check points of Bagrationovsk, Mamonovo and Khrabrovo Airport if travelling through one of the approved travel agencies. The Russian Government was planning to cancel this service in 2015, but after appeals management of Kaliningrad region and the MFA of Russia, this possibility has been extended. Addressing parliament the Minister of Foreign Affairs reported about extension of service for 2016.

V Murmansk International Business Week (MIBW) to be held on November 14-18, 2016

Business week 2016The Government of the Murmansk region invites partners to the V Murmansk International Business Week (MIBW). The event will be held on November 14-18, 2016. It is a part of the calendar of the Russian Chairmanship in the Barents Euro-Arctic Council in 2015-2017. The V MIBW program includes a number of activities aimed at the development of interregional and international cooperation, business and entrepreneurship, support for science and education.

The central event will be the V MIBW plenary session "Arctic course". The prospects of development of international and cross-border cooperation in the Arctic, the draft federal law "On the development of the Arctic area of the Russian Federation" will be discussed within the plenary session.

The participants are representatives of the Arctic Council countries, the regions of Arctic area of the Russian Federation, the federal bodies of executive power of the Russian Federation and foreign partners interested in project development in the Arctic region.

The structure of the V MIBW program and additional information (in English and Russian languages) is available on the web-site https://minec.gov-murman.ru/activities/week/info_foreign_participants/

Russia Macro monthly report by Chris Weafer, Senior Partner at Macro-Advisory Ltd in Moscow

weafer Photo 13

Does June's GDP gain mark recovery or just the eye of the economic storm?

GDP finally positive, albeit just. June GDP grew 0.1% YoY, the first positive number for some time. Industrial output rose 1.7% YoY. Retail and construction continue to drag, but less than in 2015.

No major forecast changes. We have raised the probability for our base-case economic scenario for 2016-18 to 55% but see no reason to change any of the key forecasts.

Business confidence stays strong. Official and private business confidence indicators are in expansionary territory. The PMI services indicator is at its highest level since 2013. Survey respondents said that new business was the main driver.

Wages and unemployment look good. Real wages are up 1.4% YoY, and unemployment fell from 5.6% to 5.4%. However, real disposable incomes are down almost 5% YoY as at mid-year.

Inflation ticks negative. Inflation for the last week of July was down 0.1% due to seasonal food prices. Full year inflation has been stubbornly close to 7.3% for the past four months. The CBR, as expected, kept rates on hold at its July meeting.

Ruble did not fall with weak oil. Brent fell 14.5% in July, but the ruble conceded only 3%. That is mostly because the ruble did not rally with oil in the preceding months.

Oil looks to be range bound. The price of Brent looks set to trade in a range of US$44 to US$54 per barrel, with US shale producers now the swing producers. Saudi Arabia and Iran continue to boost output.

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