Foreign Investment

Russia’s Leading Low-Cost Retailer Redomiciles From Cyprus to Kazakhstan

Economy, Eurasian Economic Union, Foreign Investment, Investment

Cyprus loses a major Russian client to Kazakhstan’s fiscal gain as Western exits increase  The Russian chain of low cost retailers, Fix Price has redomiciled its corporate PLC entity from Cyprus to the Astana International Financial Centre in Kazakhstan. Fix Price operate over 6,500 retail stores worldwide, with 2023 revenues of ₽291.9 billion (US$3.3 billion) […]

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Russia’s Special Economic Zones Attracting New Foreign Investors

Economy, Finance, Foreign Investment, Infrastructure

The Russian Ministry of the Economy has been assessing the effectiveness of the 44 Special Economic Zones (SEZ) in the country, including their fiscal effectiveness. SEZs are attractive investments for foreign investors as they typically offer reduced corporate income tax rates – typically zero for the first three-five years and at a 50% discount for

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The World Bank Classifies Russia As “A High Income” Country With Average Income Worth US$47,261.

Economy, Finance, Foreign Investment

The World Bank has recognised Russia as a high-income nation in its official global rankings, after stating that the average Russian gross national income per capita in Russia is US$14,250, which at current exchange rates, in local Ruble terms is ₽1,260,940.   The World Bank Group assigns the world’s economies to four income groups: low,

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Chinese Premium Auto Brand Takes Over Mercedes Benz Plant Near Moscow

China, Foreign Investment, Trade

The former Mercedes-Benz plant in Yesipov near Moscow will begin mass production of China’s Exeed cars, the premium brand of Chinese automaker Chery under a contract assembly agreement starting in July. Mercedes-Benz exited the Russian market in April 2023, selling their shares in the Yesipov factory to the Russian local car dealer Avtodom. Interestingly, Mercedes-Benz

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Vietnam Dairy To Invest In Livestock Farming & Milk Production In Primorsky Krai

Eurasian Economic Union, Foreign Investment

Vietnam’s TH Group has begun construction of a livestock complex for a total population of 10,000 cows in the Yakovlevsky district of Primorsky Krai (Province) with commissioning scheduled for 2027, the Russian Far East and Arctic Development Corporation has reported. The project is being implemented by TH Rus Primorsky LLC, a resident of the Mikhailovsky

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Sri Lanka’s Hambantota Airport To Be Jointly India-Russia Managed

BRICS, Foreign Investment, Infrastructure, Trade

The Sri Lankan authorities have decided to transfer the management of the southern Mattal Rajapaksa International Airport (MRIA) in Hambantota to the Russian airport management company AR Regional Airports and India’s Shauraya Aeronautics. MRIA is one of three international airports in Sri Lanka and was built to offset pressure at the main airport in the

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Russia’s Special Administrative Regions Gain Offshore Investment Interest

Foreign Investment, Infrastructure, Investment, Trade

The number of new companies registered in the Special Administrative Regions (SAR) on Russky Island in Vladivostok, and Oktyabrsky island in Kaliningrad exceeded 400 in April, with the registration of new residents indicating the continuing interest in re-domiciliation into Russia’s legal jurisdiction. The SAR’s offer specific benefits not available on the Russian mainland, including lower

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Norilsk Nickel Relocates Copper Smelting Division To China

China, Foreign Investment, Trade

Norilsk Nickel, the metals group controlled by Russia’s richest man Vladimir Potanin, will move some copper smelting production from its home country to China, as western sanctions restrict access to key pieces of equipment and cut profitability, the Financial Times reports. Potanin said that the mining major plans to relocate its copper smelting capacity at

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Russia’s Pivot To Asia – Complimentary Download

Economy, Foreign Investment, Miscellaneous, Trade

Our much-praised Russia’s Pivot To Asia PDF Guide is now available for download. This comprehensive book contains details of Russia’s trade and development with over 80 countries as well as analysis on new supply chain routes, trade agreements, and Russia’s involvement with the BRICS, EAEU, SCO and Belt & Road Initiative. Contents include: Russia &

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