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Why Russian entrepreneurs do not rush to do business abroad

December 13, 2013, 12:36 UTC+3
They called advantages to doing business in Russia high revenues, problems with getting investments from abroad, and low competition in the Russian market
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Almost ten percent Russians would want to leave their country forever, the Zurich Insurance reports its surveyed demonstrated. Those willing to leave usually are looking for a more stable wealthy life full of harmony.

RBK daily reports this thinking is far from being typical for Russian entrepreneurs. They called advantages to doing business in Russia high revenues, problems with getting investments from abroad, and low competition in the Russian market. Following are views, the newspaper published.

Director General of the Depot WPF Alexei Andreyev said there are two realistic barriers for Russians entering foreign markets: “One of the key drivers for successful businesses is the intuition of a leader. It may be formed in the native environment only, from the very early childhood. And the second barrier is the social adaptation. Personal relations and recommendations are of major importance. You may never find enough of this “biological material” abroad.”

Valeria Delinskaya, vice-president of the centre for political technologies and a member of the international association of business communicators says: “Many suffer from a language barrier, and they do not feel in their age they may enter easily another language environment.” Besides, the expert says, “whatever stability, but at home is better than positive uncertainty abroad.”

A founder of the Taberna Company, which offers platforms for online shopping, Denis Yakushev, says in his experience he found it was much easier in Russia to attract investments, than it had been abroad.

“There is a certain demand for my business in Russia. And abroad - somebody else has been doing it already,” says Alexei Martynenko, founder of the Umalat cheese-processing company and owner of Mustang Breeding Technology, producing fodder.

“The pharmaceutical production and the medical industry have been growing rapidly in Russia, and our business has good opportunities here,” Director of Inerpharm Nikita Ivanov said.

Another reason to doing business at home, not abroad, is the underdeveloped markets, entrepreneurs say.

“The business in Russia is more risky, though more profitable; we are still a wild country, but there is room here for creativity, there are many options,” owner of the Maksioma-stroi online shop of construction materials Sergei Sidorenko said.

 

Itar-Tass is not responsible for the material quoted in these press reviews

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