The 5 biggest companies in Russia

The 5 biggest companies in Russia When checking the Forbes Global 2000, an annual ranking of worlds’ 2000 biggest companies listed at the stock market, you will find 25 Russian companies, which are mainly focused on raw materials of course. It is estimated that Russia contains over 30 percent of the world’s natural resources. In Forbes 2000, companies are listed and ranked based on a mix of four metrics: sales, profit, assets, and market value.   Surgutneftegas (Сургутнефтегаз): Turnover-wise this company should, with a turnover of 19,82 Billion US-Dollars, be ranked one spot behind VTB Bank (6.), but 3.3 Billion US-Dollars in profits, and 116.000 employees lead the gas and oil producing company to no. 335 in the Forbes Global 2000, which means no. 5 in the Russia internal race. ...

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Russian Stolovaya – a short history

Russian stolovaya

A trip to Russia is not complete without a trip to a classic Soviet-style stolovaya. Usually translated into English as a canteen, the establishment of the Russian stolovaya is a nostalgic mark that adorns almost every street in the centre of St Petersburg and Moscow like a purified crystal from the rich furnace of Soviet history… Okay, that may be a little over the top, but when it’s virtually impossible to find a cheap meal for less than €6 in much of Western Europe, the student within me can’t help rejoicing at fair-priced food. Aside from its reasonable prices, the stolovaya has become an important part of everyday life; Russian people descend on these public canteens throughout the day to buy a cheap, pic ‘n’ mix style meal and take a break from the working day. The ...

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5 Places To See When Visiting Moscow

RedSquare

This year I spent nearly 10 weeks in Moscow and was able to see a variety of sights. With this blog post, I want to help you save time during your stay and gather together the most important places to see when visiting this amazing city. The Red Square The Red Square is one of the oldest and most famous places in the world. In 1990 he was named a UNESCO World Heritage Site. It is located in the center of the historic Moscow Old Town and lies in front of the eastern walls of the Kremlin. It is also located in the heart of St. Basil’s Cathedral, the Lenin Mausoleum and the architecturally impressive GUM department store. It’s name has nothing to do with the color of the walls around, but with the fact that the adjective “красный” (krasny) originally means “red&# ...

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Здравствуйте from Bianca, the new intern from Italy!

bianca new intern

И так, всем привет! My name is Bianca and I’m the new intern at Liden & Denz, Saint Petersburg. Originally from Italy, my studies gave me the chance to travel and live in different parts of the world , and now led me to Russia. In Italy I’ve recently graduated in foreign languages and I currently speak four of them fluently, namely Italian, English, French and Spanish. Unfortunately Russian is not among them, which is exactly why I’ve decided to come to Saint Petersburg and master it once and for all. When, some years ago, I’d decided to learn Russian I didn’t know what I was putting myself into. Today, I couldn’t be happier with such a choice. The struggle was real (and still is indeed), but yet is nothing compared to the feeling you get when you ...

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Andreas Bitzi Interview: Doing Business in Russia

Andreas Bitzi

Andreas Bitzi is the founder of Quality Partners and the chairman of the AEB in the Northwest. In this interview, he takes us through the difficulties that foreigners can experience by doing business in Russia and, more specifically, emphasises the importance of mastering the Russian language. Furthermore, Mr Bitzi points out how the Russian economy is going to change and which struggles it will face in the upcoming years and how those struggles will affect doing business in Russia. Good morning Mr Bitzi. Could you shortly introduce yourself and tell us about your career background? After my studies of business administration, economics and political sciences, I joined Krono Group, a producer of wood panels and laminate floorings, at first in Ukraine, where I was responsible to develop the ...

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