and Contract Brokers
The following reasons creates an unprecedented business environment
Why ICCB suggests Russia, and other Eastern European Countries
Low labor costs: Labor is inexpensive and supply exceeds demand. The wage is still a fraction of that in the USA and Western European countries. Typical technical salaries in Russia are $1000 a month (or less).
High technology niches: The conversion of military enterprises has provided broad opportunities for foreign investment. These enterprises have a highly qualified, disciplined workforce and many have access to modern technology and equipment. They are use to strict quality control and are experienced in flexible manufacturing development, applying new inventions and scientific achievements. As an example, Russia leads the world in many areas of fundamental research and development. These resources are now also available for foreign partners.
Highly educated population: There is a highly educated population, which is ready for retraining. The workforce is qualified and eager to work. English is a common second language.
Vast market: Strong internal demand for all kinds of goods and services and insufficient supply from local sources create a gap that is largely covered by imports.
Ideal location between the West and the East: Russia has the major, low cost transportation links connecting Scandinavia, Western and Eastern Europe with Central Asia and the Far East being strategically located between many developing countries and emerging markets.
Fast growth of competitive export-oriented industries: Foreign investors have the opportunity to use modernized Eastern European factories as producers and suppliers of competitively priced goods worldwide.
Huge natural resources: Russia is well placed among the richest countries in terms of metals, minerals, timber, oil and gas, and has tremendous potential for agricultural development.
Strong support for investors from federal; and regional authorities: This includes the work of the foreign Investment Advisory Councils, with the participation of the largest and most prestigious foreign investors in Russia.
Enormous investment potential in such priority areas as: Oil, gas and petrochemical, scientific and technical sectors, defense and conversion industries, machinery, transport and transportation, import, substitution, consumer goods manufacturing, pharmaceuticals, telecommunications, general infrastructure, agriculture, food processing and distribution sectors are in need of new technology and know-how. Medical services and health are also priority areas.
Some of the same advantages can apply to the New Independent
States (NIS), Central and Eastern Europe (CEE)
and to Asian Countries