The Russian food industry is currently characterized by government efforts seeking to improve the domestic production and replace the use of imported produce. As a result, the local manufacturing companies now need to upgrade their processing equipment with modern machinery.
Currently, over 100 forestry and woodworking projects are developed in Russia. These create an expected total investment volume of about $6 billion and the capacity to process over 80 million m³ of raw material. As a result, there is a demand for Finnish solutions.
The sale of bicycles and biking related products is on the rise in the capital area. The development opens up great business opportunities for Finnish companies with a relevant offering.
Russian medical devices market is very attractive for Finnish companies: it is one of the largest in Eastern Europe. Medical devices market is heavily dominated by import, despite all efforts of the Russian government for import substitution.
Despite the Russian economic crisis, the beauty sector, including cosmetics, makeup, and professional beauty treatments, has proven to be recession-proof. The positive consumer climate and encouraging future outlooks offer great business opportunities for Finnish companies to enter and grow their business in Russia.
The rapidly growing demand for organic, functional and ecological food in Russia provides interesting business opportunities for Finnish food and beverage companies.
Russia has established an objective to achieve a 4.5 % share of renewables (excluding hydroelectric power stations) in the total electricity generation by 2020. A recent change in the legislation sets new targets for wind energy.
The segment of private school education continues to develop in Russia offering significant business potential for Finnish education providers, especially in Kazan, the capital city of Tatarstan.
The vocational education and training sector in Russia, especially in Tatarstan, offers significant opportunities for Finnish education provides.
Currently, over 100 projects, with an expected total investment of about $6 billion and capacity to process over 80 million m³ of raw material, are being developed in Russia.
A Russian governmental agency Agency of Strategic Initiatives (ASI) has developed a specific federal program to support the use of industrial robots in Russia.
The Government of Moscow has announced a complete demolition of Moscow's Soviet housing blocks. After the demolition, the new space will be used for the construction of city blocks with new modern housing, kindergartens and schools as well as recreation development.
Murmansk region is one of the pilot regions in Russia to implement a modern waste management infrastructure during the year 2017. This creates opportunities for Finnish companies that provide waste processing and waste-to-energy solutions.
Russia has announced to develop telemedicine business in Russia. During 2016 two working groups have developed documents that contain measures for the development of e-health in Russia: online sales of medicines and the development of telemedicine services. This is a totally new market in Russia.
There are business opportunities for Finnish companies in the self diagnostic market in Russia. Russian self-diagnostic market suits well for small and medium sized Finnish companies. Market entry process for self-diagnostic tests is rather easy and not expensive. The main sales channel is drug stores/pharmacies.
Information security is one of the most popular ICT topics in Russia. Local companies have an increasing demand for information security solutions because of cyber threats and new data localization measures.
Demand for high-quality education is on the rise in Russia. It is expected that several new private schools will be established in the next couple of years.
High-quality Finnish products and e-commerce technology can serve millions of high-earning Muscovites and thousands of Russian online retailers.
Governmental program in Russia aiming at increasing domestic food production boosts demand for food and beverage processing machinery.
Investments in commercial aquaculture in Russia create opportunities for Finnish businesses.
