The 2014 edition of the guide Doing Business and Investing in the Russian Federation has been released and is available for distribution. This guide is designed to assist companies and individuals in evaluating the prospects for operating and investing in a business in Russia. It provides business people with practical, concise and up-to-date information on how to do business in the country and also offers valuable insight into the Russian economy and business climate, its tax, legal and accounting systems, as well as labour relations and other important issues.
The 2014 edition describes new prospects for foreign companies and investors bearing in mind that Russia is the largest country in the world and its economy can offer an array of attractive new opportunities. Although the country’s GDP grew by only 1.3% in 2013 (according to the Russian Federal State Statistics Agency (Rosstat)), the Ministry of Economic Development forecasts 2.5% growth for 2014. Furthermore, the Russian authorities consider improving the investment climate to be a top priority and, thus, the government has set the ambitious goal of raising the country’s position in the World Bank’s Doing Business ranking to 20th by 2018. In addition to these indicators, in 2013, Russia joined the top-10 countries considered most important for business development by the global business leaders who took part in PwC’s 17th Annual Global CEO Survey.