Doing Business in Russia. Котова К.П - 3 стр.

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3
UNIT 1
Pre-reading tasks
I.
Transcribe the following:
1) Uganda; 2) Haiti; 3) Chad; 4) Japan; 5) Japanese; 6) Tokyo.
II. What do you think hampers doing business in Russia? What obstacles do
you see?
III. Read through the text
CONDUCTING BUSINESS IN RUSSIA
is Difficult but Possible
Experts of the Euromoney journal compiled a list of risky-investment
countries based on the economic and political situation, infrastructure, the legis-
lation, and inflation. It was disappointing to find out that Euromoney placed
Russia 129, next to Uganda, Haiti and Chad.
True, Russia is living through hard times. According to the Association
for Japanese-Russian trade, joint ventures in Russia suffer from extortion and
uncoordinated actions of central and local power bodies, their hard currency ac-
counts can be frozen.
According to the World Bank, total fixed capital of Russian-Japanese ven-
tures is 100 times less than that of Russian-US JVs. Japanese entrepreneurs are
reluctant to invest in the Russian economy on account of turmoil in this country
rather than because of the problem of the Northern territories.
Joint enterprise appeared in the ex-USSR five years ago. Much has been
done since then. According to the Association for joint ventures, international
associations and organizations, last year JVs produced medicine-related prod-
ucts, clothing, and footwear worth R13 billion in the 1991 prices. These com-
modities are in short supply in the market of Russia and other CIS countries.
Developing joint enterprise is mutually beneficial, believes the Associa-
tion for Russian-Japanese trade. Russia’s transition to a market economy offers 
                                         3



                                     UNIT 1
Pre-reading tasks
I.    Transcribe the following:
1) Uganda; 2) Haiti; 3) Chad; 4) Japan; 5) Japanese; 6) Tokyo.
II.   What do you think hampers doing business in Russia? What obstacles do
      you see?
III. Read through the text
                        CONDUCTING BUSINESS IN RUSSIA
                             is Difficult but Possible
      Experts of the Euromoney journal compiled a list of risky-investment
countries based on the economic and political situation, infrastructure, the legis-
lation, and inflation. It was disappointing to find out that Euromoney placed
Russia 129, next to Uganda, Haiti and Chad.
      True, Russia is living through hard times. According to the Association
for Japanese-Russian trade, joint ventures in Russia suffer from extortion and
uncoordinated actions of central and local power bodies, their hard currency ac-
counts can be frozen.
      According to the World Bank, total fixed capital of Russian-Japanese ven-
tures is 100 times less than that of Russian-US JVs. Japanese entrepreneurs are
reluctant to invest in the Russian economy on account of turmoil in this country
rather than because of the problem of the Northern territories.
      Joint enterprise appeared in the ex-USSR five years ago. Much has been
done since then. According to the Association for joint ventures, international
associations and organizations, last year JVs produced medicine-related prod-
ucts, clothing, and footwear worth R13 billion in the 1991 prices. These com-
modities are in short supply in the market of Russia and other CIS countries.
      Developing joint enterprise is mutually beneficial, believes the Associa-
tion for Russian-Japanese trade. Russia’s transition to a market economy offers

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