Presentation for Willis HRH Risk Mitigation, Inc..
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Transcript of Presentation for Willis HRH Risk Mitigation, Inc..
Presentation for Willis HRH Risk Mitigation, Inc.
Benefits for Willis HRH Risk Mitigation, Inc.
• Access to new information and statistics about the markets in Russia and CIS;
• Organization of meetings with Russian counterparts: government officials, business executives from any industry;
• Building relationships with the Chamber’s members.
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• Geography Area: 17 million sq. km. (6.5 million sq. mi.); about 1.8 times the size of the United States. Cities: Capital--Moscow (pop. 8.3 million). Other cities--St. Petersburg (4.6 million), Novosibirsk (1.4 million), Nizhniy Novgorod (1.3 million).
• People
Population (2007 est.): 141.4 million. Annual growth rate (2007 est.): -0.484% (population declining)
• Education (total pop.): Literacy--99.4% Health: Life expectancy (2007 est.)--59.12 yrs. men, 73.03 yrs. women
RUSSIA
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• GDP (official exchange rate): $1.286 trillion (2007 est.)• GDP - real growth rate: 8.1% (2007 est.)• GDP - composition by sector: agriculture: 4.6% ; industry:
39.1% ; services: 56.3% (2007 est.)• Labor force: 75.1 million (Nov. 2007 est.)• Investment (gross fixed): 19.4% of GDP (Jan.– Sept. 2007 est.)• Stock of direct foreign investment - at home: $271.6 billion
(2006)• Stock of direct foreign investment - abroad: $209.6 billion
(2006)• Russia possesses one-fifth of the world's timber reserves• 3 % of foreign investments goes to the timber industry
I. RUSSIAN ECONOMY
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The Chamber:
• Serves as an umbrella organization for promoting trade and commerce between the USA and the Russian Federation and the CIS countries;
• Serves as an advocacy group for the American and Russian businesses;
• Over 200 corporate members in the USA, Russia, CIS and Baltic States.
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RACC ServicesAdvisory Services • Investment consultancy, market research,
implementing an effective action plan, data and information research;
• Representation to federal and regional administrations and representation of American investors to corporate boards of Russian counterparts;
• Proprietary computerized databanks of American, Russian, and CIS countries companies and individuals.
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RACC Services (Cont.)Transactional Support • Evaluate and assist in the implementation of business
deals;• Investment and business partner search;• Assist in in gaining access to the Russian regional
markets; • Visa and passport services, incorporation, registration,
accreditation, representation, negotiations, confidentiality, translations.
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RACC Services (Cont.)Corporate Intelligence• Background check; • Corporation and corporate executives intelligence
reports;
Trade Show and Business Meeting Services
Educational Services
Language courses and cross-cultural trainings.
Current Sponsors and ClientsTotal number of corporate members: over 200
• The Coca-Cola Company
• Delta Air Lines, Inc
• American Airlines
• Smith, Gambrell & Russell, LLP
• Delloite
• Gazprombank
• Arnall Golden Gregory LLP
• InterContinental Hotels Group,
• Rosneft
• The Related Group
• The Trump Organization
• etc.9
Chamber’s Key Events• International conference "Russia & WTO“;
• Sochi-2014 winter Olympic Games Russian Government roundtable,
• Ambassador reception;
• Delegation of Real Estate Developers & Constructors from St. Petersburg, Russia to Chicago, IL;
• Official visit of Belgorod government officials and corporate executives to Atlanta, GA;
• US-Russia Energy Conference in Houston, TX, in March of 2010;
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Business Opportunities in Russia• The market is becoming more attractive in that the
authorities are planning on reducing restrictions on foreign ownership of insurance businesses.
• Insurance is one of the most dynamic sectors of the Russian economy today with enormous growth potential and attractive opportunities for foreign participation.
• Business connections with insurance companies in Russian and CIS.
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Major Challenges
• Governmental restrictions• The concentration of economic activity in Moscow and
St Petersburg reinforces. • Several of the large local players have very strong
positions in the non-life segment. This is either because they have established brand names and enormous distribution networks (like the formerly state-owned giants Rosgosstrakh and Ingosstrakh) or because they can exploit corporate/share holder links.
Investment Climate in Russia
• According to the Economist Intelligence Unit, Russia is one of the most attractive nations for foreign investment among transitional economies.
• In particular, Russia is expected to become a leader in raising direct foreign investment in 2006–2010 among ex-USSR states and Eastern European countries.
• By the end of September 2006, cumulative foreign investments in the Russian economy came to approximately USD130 billion.
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