The ban on imports of food, along with the Russian government’s import substitution policy, means that the Russian food industry will continue to develop and expand in a favorable competitive environment, incentivizing investment in modern technology for processing and packaging. COMPANIES AND SECTORS BENEFITING FROM THE OPPORTUNITY • Finnish food processing machinery and equipment producers...
Russia is one of the main producers of metals and minerals in the world. The industry plays a significant role in the Russian economy and unlike the oil & gas industry, most mining companies are privately owned. According to Rosstat, in 2019, Russian mining industry showed a 4% growth, outstripping many other key industries. Gold...
The Russian sharing economy market is booming, with an increase of 50% since 2018. New IT solutions and business models are needed urgently. The global sharing economy market was estimated to be EUR 16 billion in 2017 and is expected to reach EUR 36 billion by 2022. The top five sectors of the sharing economy...
Russia is Europe’s largest internet market. With 100 million internet users, the volume of Russian e-commerce was USD 22 billion in 2019 (@23% growth), making Russia the fifth largest e-commerce growth market globally. Russia’s e-commerce market accounted for 5% of its total retail sales. Major online retailers expect sales volumes to grow annually between 50% and 150%. The...
During announced quarantine measures schools, preschools and other educational institutions had to switch to remote education which resurrected the need to explore the challenges and opportunities of distance (online) education in the country and forced online learning boom. According to data from 2019 the volume of Russian online education market (b2c) reached 462,7 M EUR...
The rapidly growing demand for organic, functional and ecological food in Russia provides interesting business opportunities for Finnish food and beverage companies. Nowadays, more and more people follow a healthy lifestyle and buy organic products with health promotion promises. In Russia, demand for organic food is growing despite the country’s economic and financial crisis. Russia’s...
In the end of December 2019 Russia passed a law to create a national air quality monitoring system for the following big industrial cities: Bratsk, Krasnojarsk, Lipetsk, Magnitogorsk, Mednogorsk, Nizhniy Tagil, Novokuznetsk, Norilsk, Omsk, Chelyabinsk, Tserepovets and Tsita. The aim is to reduce air pollution both from the industry and traffic. Legislation is part of a ’Clean...
Kaliningrad region is located on the coast of the Baltic sea and is the westernmost region of the Russian Federation, completely separated from the rest of the country by land borders of foreign countries and international sea waters. Due to its location the region takes an active part in international projects aimed at protecting the...
Russian market for senior care houses is growing a lot in Russia, around +20-30% per year and expected to boom in the nearest future, driven by revolutionary investment initiatives from Sberbank. In August 2018, Sberbank, the leading bank in Russia announced that it will make revolutionary change in senior care business in Russia.
Integrated strategy for MSW treatment in Russia creates opportunities for Finnish bioeconomy companies. The integrated strategy for treatment of MSW has to be implemented by 2030. According to the strategy the target level of recycling is 60%. Russia has already adopted new legislation to reform waste sector.
St. Petersburg City Administration has published a concept document ”Smart City St. Petersburg”. The document was produced jointly by representatives from scientific, business and public organizations in accordance with the ”Strategy of Economic and Social Development of St. Petersburg until 2030” and ”The program Digital Economy of the Russian Federation”. The city of St. Petersburg...
On 15 November, the International Competition for the Architectural Landscape Design Concept for the Tuchkov Buyan Park in Saint Petersburg will begin accepting applications from participants.
Russia is preparing for the rapid development of Artificial Intelligence (AI). In October 2019, the Russian President approved the national "Strategy for the Development of Artificial Intelligence for the period until 2030".
In October 2019, Russian Government announced a project of modernization (including construction of new hospitals and renovation of present ones) of primary healthcare system in Russia with total investments of 237 BRUB (around 3.4 BEUR).
Smart Agriculture is a new initiative in Russia's Digital Economy national program. The market volume for the digital transformation of agriculture is approximately 360 billion rubles (EUR 5 billion).
The biggest potential for Finnish companies is in the segment of private education, both school and preschool. Private sector companies are very interested in having the best new practices in education and have resources for getting them.
The agroindustry has always been one of the most important sectors in Russia. By volume of investments directed to innovative projects, the agricultural sector ranks second. Russian Government updated the State Program for the Development of Agriculture, which provides significant financing of the industry.
The vocational education and training sector in Russia, especially in Tatarstan, offers significant opportunities for Finnish education provides. There is a strong interest in the Finnish offering.
Over the past decade Russian aquaculture has doubled its output from 105,000 tonnes in 2007 to 219,000 tonnes in 2017, much of the credit for which can be attributed to successful government policies supporting fish farming.
St. Petersburg is going to use its creative potential and to create a fashion cluster. The importance of the development of this sphere was announced at the St. Petersburg International Economic Forum in 2017, during which the signing of the documents marked the launch of the project named, ‘St. Petersburg-Center of the Fashion Industry.
