8/13/2019 Geography, Economic Reforms & Business Etiquttes (Russia)
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Russia
GeographyEconomic Reforms
Business Etiquettes
ParA0
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Located in Northern Eurasia (Northern Hemisphere)
Area- total: 17,075,200 sq kmland: 16,995,800 sq kmwater: 79,400 sq km
Population : 143 million (as of 2012)
en.w
Climate data for Russia (records)
Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Recordhigh C
(F)22.2(72)
23.8(74.8)
30.3(86.5)
34.0(93.2)
37.7(99.9)
43.2(109.8)
45.4(113.7)
43.5(110.3)
41.5(106.7)
33.7(92.7)
29.1(84.4)
Recordlow C
(F)
71.2 (96.2)
64.4 (83.9)
60.6 (77.1)
46.4 (51.5)
28.9 (20)
9.7 (14.5)
9.3 (15.3)
17.1 (1.2)
25.3 (13.5)
47.6 (53.7)
58.5 (73.3)
Source: Pogoda.ru.net [125]
http://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Russia8/13/2019 Geography, Economic Reforms & Business Etiquttes (Russia)
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Topography
Most of Russia consists of plains, steppe to the south and forested tthe north with tundra along the northern coast Mountain ranges are found along the southern borders (Caucasus,
Altai, Verkhoyansk, Kamchatka Peninsula) Extensive coastline of 37000 kms Thousands of rivers ( Volga, Ob, Amur, Lena) and fresh water lake
(Lake Baikal) Second only to Brazil in volume of water renewable resources Worlds largest forest reserves
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Natural resources:oil, natural gas, coal, and many strategic minerals, timber
Natural hazards: Permafrost - Siberia Volcanic activity - Kuril Islands Volcanoes and earthquakes - Kamchatka Peninsula Spring floods - Siberia and parts of European Russia
Current issues: Air pollution Deforestation Soil erosion Groundwater contamination from toxic waste
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Airways: 1,216 airports
Railways : 87,157 kmRoadways: 982,000 kmWaterways: 102,000 km ( Coastline of 37000 kms)
Ports & Terminals: Kaliningrad Kavkaz Nakhodka Novorossiysk Primorsk Saint Petersburg Vostochnyy
Modes of Transport
Sour
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Important Cities
Moscow Labinsk Pskov St. Petersburg Vladivostok Irkutsk
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Started in 1990
Goals: Macroeconomic stability Restructure the country's economic framework Open the market for the foreign investors
Economic Reforms
Source- http://finance.mapsofworld.com/econo
Reforms Undertaken: Minimized Government's expenditure Planned government's budget deficit Improved the tax system(Profit tax) Decrease inflation Land reform and judicial reform Credit Expansion
Reduction of subsidy and increasing the revenue 24 SEZs
http://finance.mapsofworld.com/economy-reform/russia/http://finance.mapsofworld.com/economy-reform/russia/http://finance.mapsofworld.com/economy-reform/russia/8/13/2019 Geography, Economic Reforms & Business Etiquttes (Russia)
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Economy
Source- http://finance.mapsofworld.com
GDP : $2.229 trillion (2012est.) (8 th largest bynominal GDP)
GDP - real growth rate : 3.8% (2010 est.)
GDP - per capita (PPP) : $15,900 (2010 est.)
Unemployment rate : 7.6% (2010 est.)
GDP - composition by sector :Agriculture: 4.2%Industry: 33.8%Services: 62% (2010 est.)
http://finance.mapsofworld.com/economy-reform/russia/https://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttp://finance.mapsofworld.com/economy-reform/russia/8/13/2019 Geography, Economic Reforms & Business Etiquttes (Russia)
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Industrial production growth rate : 8.3% (2012 est.)
Exports : $376.7 billion (2012 est.)
Exports - commodities :petroleum and petroleum products, natural gas, metals, wood and woodproducts, chemicals
Imports : $237.3 billion (2012 est.)
Imports - commodities :machinery, vehicles, pharmaceutical products, plastic, semi-finished metalproducts, meat, fruits and nuts, optical and medical instruments, iron, steel
Economy
Source www.cia.gov
https://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cas8/13/2019 Geography, Economic Reforms & Business Etiquttes (Russia)
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Oil production : 10.12 million bbl/day (2010 est.)
Natural gas - production : 583.6 billion cu m (2009)
Exchange rates :Russian rubles (RUB) per US dollar 33.35 (2010)
Economy
Source www.cia.gov
https://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cashttps://www.cia.gov/library/publications/the-world-factbook/docs/notesanddefs.html?countryName=Russia&countryCode=rs®ionCode=cas8/13/2019 Geography, Economic Reforms & Business Etiquttes (Russia)
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Russian Economy Comparison with India
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Source : T
Cultural Dimensions
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Formal and conservative Men - business suits
Women - should wear subdued coloured business suits withskirts that cover the knees
Shoes should be polished
Men often do not take off their jackets in negotiations
Do not stand with your hands in your pockets. This is
considered rude
Appearance
Source - www.cyborlink.com/besite/russia.htm
http://www.cyborlink.com/besite/russia.htmhttp://www.cyborlink.com/besite/russia.htm8/13/2019 Geography, Economic Reforms & Business Etiquttes (Russia)
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Russians are transactional
It is still a good idea to develop a network of people who you knowand trust
Patience is essential Sincerity is crucial as it is required to build trust, and trust is needed
to build a relationship
Most Russians do not trust people who are 'all business'
Relationships and Communication
Source - www.cyborlink.com/besite/russia.htm
www.kwintessential.co.uk
http://www.cyborlink.com/besite/russia.htmhttp://www.cyborlink.com/besite/russia.htmhttp://www.cyborlink.com/besite/russia.htm8/13/2019 Geography, Economic Reforms & Business Etiquttes (Russia)
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Appointments are necessary
Punctually for meetings
Schedules are constantly changing
Meetings can be cancelled on short notice
Meetings are frequently interrupted.
At the end of the meeting, expect to sign a protokol', whicsummary of what was discussed.
Business Meeting Etiquette
Source - www.cyborlink.com/besite/russia.htm
www.kwintessential.co.uk
http://www.cyborlink.com/besite/russia.htmhttp://www.cyborlink.com/besite/russia.htm8/13/2019 Geography, Economic Reforms & Business Etiquttes (Russia)
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Do not like being rushed
Hierarchy is important
Compromise as weakness
Negotiating until you offer concessions
Lose their temper
Nothing is final until the contract is signed. Even then, Russians willmodify a contract to suit their purposes
Working Practice and Negotiations
Source - www.cyborlink.com/besite/russia.htmwww.kwintessential.co.uk
http://www.cyborlink.com/besite/russia.htmhttp://www.cyborlink.com/besite/russia.htm8/13/2019 Geography, Economic Reforms & Business Etiquttes (Russia)
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Exchanged after the initial introductions
Have one side of your business card translated into Russian usingCyrillic text
Include advanced university degrees on your business card.
Hand your business card so the Russian side is readable to therecipient.
Business Cards
Source - www.cyborlink.com/besite/russia.htm
www.kwintessential.co.uk
http://www.cyborlink.com/besite/russia.htmhttp://www.cyborlink.com/besite/russia.htm8/13/2019 Geography, Economic Reforms & Business Etiquttes (Russia)
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Thank You