After overcoming the crisis of 1998, the Russian market of today represents potentially one of the greatest business opportunities in Europe. The country has a huge supply of raw materials and products for market outside Russia.
Additionally there remains an enormous demand in the domestic consumer market for imported goods and Russia's industrial infrastructure stands in need of significant Western upgrade.

To encourage market reforms, a new Civil Code of the Russian Federation has been adopted which integrates various types of market-oriented entities. As a result of the new Civil Code, Russia has seen swift growth in the number of newly established legal entities. With the break-up of the former Soviet Union, and the adoption of more liberal foreign investment laws, the representative office is now the main way in which a foreign company may establish a direct business presence in Russia. According to "Business Week", an independent mass media, Russian economy has grown strongly in the last 2 years after a decade-long depression. Portrait of a changing Russia has been made by Paul Starobin and Catherin Belton in a Special Report.
"Pumping seven million barrels a day, Russia is second only to the Saudis in oil production. Flush with export revenues from oil, gas and other commodities, Russia in October 2001 prepaid a $350 million installment on a loan from the International Monetary Fund due in 2003. "It's clear that President Putin understands that Russia's future lies primarily n the West", - Secretary of the State Colin Powell told the Senate Foreign Relations Committee. "That's the source of inspiration, that's the source of technology, it's the source of security". With the initiative of President Putin a flat-tax policy was introduced. Russia substituted a 13 % flat tax on personal income for a complicated system of multiple brackets that many people evaded. That was a smart move: for the first half of 2001, personal income-tax collection rose by 50 %. The economy is expected to get another boost from a cut in the corporate profit tax, from 35 % to 24 %."

These changes and many others, initiated by The President and his Team created a normal market system foundation. Moreover, Russia's attraction for many foreign countries is the big potential of its consumer market.

Primexpo Ltd.