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Russia Desk
KPMG's New & Emerging Markets practice has a dedicated Russia Desk to assist UK companies investing
in Russia & CIS, and to support Russian companies investing in the UK.See below for a Country Profile, Economic Data, and Useful Links.
Country Profile
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National title: |
Russian Federation (Russia) - Rossiiskaja Federazija (Rossija) |
| Situated: |
North-eastern Europe and northern Asia |
| Area: |
17,075,000 km2 |
| Capital city: |
Moscow (approx. 11 million inhabitants) |
| Population: |
143 million inhabitants; population density: 8.43 inh./km2; ethnic percentages (as of 2003): 79.8% Russian; 3.8% Tartar; 2.0% Ukrainian; 1.1% Chuvash; 1.1% Bashkiri; 0.8% Armenian; 0.4% Russian-German. |
| National languages: |
Russian |
| State and governmental system: |
Presidential democracy under a federal system |
| Head of State: |
President of the Russian Federation, Vladimir Vladimirowitsch Putin |
| Head of Government: |
Chairman of the Government of the Russian Federation, Michail Jefimowitsch Fradkow |
| Administrative structure: |
21 republics, 6 regions, 49 areas (Oblast), 1 autonomous area, 10 autonomous districts and 2 federal cities (Moscow, St. Petersburg). |
| Membership of international organisations: |
United Nations (permanent seat on the UN Security Council), International Monetary Fund (IMF), World Bank, International Development Association (IDA), North Atlantic Cooperation Council, Commonwealth of Independent States (CIS), OSCE, European Council, G8. |
Economic Data 2005
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Currency: |
Rouble (Rbl) |
| Exchange rate: |
March 2006: 1 USD = 27.76 Rbl, 1 EUR = 33.47 Rbl; annual average in 2005: 1 USD = 28.316 Rbl ; 1 EUR = 35.158 Rbl. |
Gross Domestic Product
(GDP in bn USD, nominal): |
762.8 (last review) |
| GDP per inhabitant: |
5,315.30 USD |
| Economic growth: |
2004: 7.2%,
2005: 6.4 (last review)
2006: 6.0 (forecast). |
| Inflation rate (consumer prices, over December of previous year; %): |
2005: 10.9%;
Q1 2006: 10.8% |
| Unemployment (acc. ILO, in %): |
2004: 8.3%;
Jan - Sept 2005: 7.4% |
| Average wage: |
2004: 234 USD/month,
2005: 302 USD/month |
| Foreign trade (customs statistics, in USD bn, 2005): |
Import: 98.6 (+30.4%)
Export: 241.2 (+32.8%)
Balance: +142.6 |
| Important import goods – 2005 (share in %): |
Machinery and plant 41.9%; small cars 7.8%; foodstuffs 7.6%; chemical products and natural rubber 5.9%; medicines 3.9%; black metals 2.6%; steel pipe 1.05%. |
| Important export goods – 2005 (share in %): |
Energy 61.1% (i.e. crude oil, 32.8%; crude oil products, 13.9%, natural gas, 12.6%; diesel, 6.7%; masut 4.2%); metals and metal products, 11.4%; machinery and plant, 5.1%; chemical products and natural rubber , 2.4%; wood and wood products, 2.2%. |
| Main supplier countries – 2005 (share in %): |
Germany 13.4%; Ukraine 7.9%; PR China 7.4%; Japan 5.9%, USA 4.6%. |
| Foreign direct investment (FDI, influx, USD m, according to Rosstat): |
2004: 9,420 (last review)
2005: 13,072 (last review)
2006: 14,600 (forecast) |
| Main FDI countries – 2005 (share in %): |
The Netherlands 32.4%; Cyprus 28%; USA 8.8%; Germany 5.5%; UK 4.1%; Virgin Islands 2.4%; Switzerland 2.3%. |
| Main FDI sectors – 2005 (share in %): |
Processing industry 31%; trade 25.4%; mineral extraction 19.4%; transport and communication 8.9%; real estate and property rental 7.5%; financial services 5%; construction 0.7%; agriculture 0.58%; power, gas, water 0.58%. |
As of: May 2006 (where not otherwise noted)
Sources:
German Foreign Office
German Office for Foreign Trade
Useful Links
KPMG Russia
Foreign Investment Promotion Centre under the Ministry of Economy of the Russian Federation
City Government of Saint-Petersburg
Chamber of Commerce and Industry of the Russian Federation
Central Bank of the Russian Federation
Ministry for Economic Development and Trade
Committee for Economic Development, Industrial Policy and Trade (Russian only)
For
further information about our services,
or if you would like one of our professionals
to contact you, please  . |
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