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Main Problems of Doing Business in Russia
16.03.2020 23:43
Main Problems of Doing Business in Russia

Foreign companies cite lack of staff and administrative barriers as the main problems of doing business in Russia. 

      Foreign companies operating in Russia talked about the problems of doing business in the country, RIA Novosti reported with reference to a joint study of the Russian Union of Industrialists and Entrepreneurs (RSPP), the Orta group and FleishmanHillard Vanguard agency. Among the most notable of these are the lack of  qualified staff and administrative barriers. Also for the first time such a problem as unfair competition appeared.

      “In 2019, the problem of 2017 was again revealed: the lack of qualified personnel - it was noted by 53% of respondents (against 40% in 2018). The problems that foreigners faced the most in 2019  are high administrative barriers (37%), difficulty in accessing credit resources (26%) and unfair competition (24%). The latter was not previously identified as a problem,” the study said.

      At the same time, the number of companies indicating an improvement in the business climate in Russia more than doubled over the year: from 10% last year to 23%.

Author: Anna Dorozhkina

Tags: Russian business Russian companies    

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