Chairman of the AHK Executive Board
Traditionally, German business is the champion of localization in Russia: numerous small and medium-sized German companies have established their production here. According to an AHK survey, a third of our members are currently thinking about further localization in the Russian market within the coming three years.
Chief Executive Officer, Association of European Businesses (AEB)
The volume of direct European investments in Russia amounts over 50% of the total volume of foreign investments. In spite of turbulent times Russia remains the main trading partner for the EU countries. The AEB is the main representation of foreign investors in Russia, and based on the first-hand information we are confident that foreign companies will continue to develop their businesses in Russia.
President and CEO of the American Chamber of Commerce in Russia
An AmCham survey estimates cumulative US corporate Foreign Direct Investment into Russia as at least 82.44 bln USD based on 90 large companies. While historically FDI into the energy sector, specifically oil and gas, predominated, investment into manufacturing is now growing as US companies actively localize their production in Russia, thus taking part in ‘new industrialization’ of the country. Their new plants bring along new technologies and bolster the country’s export potential.
President, Confidustria Russia
At this moment, of course, the import from Italy to Russia keeps dropping, and so I tell Italian businessmen – localize your production in Russia. It will be exclusively this way from now onwards and, from my humble point of view, this is right, especially for Russia. Russia is a huge country, there live and work talented people, this is why localization and joint ventures will inevitably succeed, I am sure of it.
General Director of Franco-Russian Chamber of Commerce and Industry (CCI France Russie)
French companies quickly adapted to the new priorities of Russia. In the last years there was quite a long list of new projects in Russia as localization from the very beginning in the 90’s was the main format of French investments. And now the companies start to export the goods produced in Russia to other countries, from CIS to Europe and Asia. Also French companies began to invest in the Far East regions while the Urals have stopped to be “psychological border” for investing. French business considers Russia as a strategic place for investments and strengthen for this goal of close economic partnership and mutual benefit.
Oleg B. Prozorov
Head of The Belgian-Luxembourg Chamber of Commerce in Russia
Russia is a country of great opportunities and huge projects!
The Industrial Development Fund is one of the exclusive economic institutes of Development, which was created especially, to assist investors.
Providing best conditions for the location of industrial enterprises, made Russia the ideal and attractive place among other countries of the Eurasian region.
Chief Economic and Commercial Counsellor, Embassy of Spain
Up to now, the investment of Spanish industrial companies in Russia has been well below it´s real potential, but however the ones that have established production facilities here are extremely satisfied with the results they have attained. This reinforces my convincement that Spanish companies should invest heavily in this market and take advantage of the great current possibilities that the current economic upturn and the policy of industrial development offer.
Kim Jong Kyung
General Director KOTRA in CIS
Korean companies consider Russia as a large market with high potential for sales and industrial cooperation. During last 4 years, industrial production and wholesale and retail business were the main areas for Korean investment in Russia (43% and 31.7% of total investment respectively). Korean companies invested into both, the development of existing production facilities in Russia, and into new industrial and service projects. We expect that continuous development of Korea-Russian cooperation in such turbulent times will bring mutually beneficial long-term results.