Right now it doesn’t matter if you wonder about oppening your shop or a workshop in a new country, or starting just from exporting commodities abroad.
many companies are beginning to see the benefits of entering the markets of Former Soviet Republics. Nonetheless, there is 1 country of the region that is peerlessly favored amongbetween businessmen – that is the Russian Federation. What are the reasons of this situation?Firstly, Russia is the largest European market. It has more than 143 million inhabitants, that are potentialcustomers!
Secondly, many experts illustrate the Russian market as a highly absorbent. Obviously, prognosis vary depending on the sector but the market is referred to as really perspective – gost r.
The final powerful aspect is that Russian citizens are becoming wealthier and the middle class emerges. it creates regularly raising demand for new items.However, it is worth keeping in mind that the Russian market has its own distinctives and challenges. Firstly, it happens that sanctions and embargo are suddenly introduced. Sadly, that is tough to predict them as they have reference to the present political events. Additionally, the markets of former Soviet Republics possess their own valid limitations and requirements, which are different than those applied by the EU. For instance, your company can have all European certifications, but when entering the Russian market you need to have GOST-R certificate – russian gost. Surely, it generates more costs.
Undoubtedly, this is exceptionally necessary that before taking up a decision regarding entering the Russian market, you should completely analyze the present situation of the sector you are interested in. However, despite these difficulties, many companies choose to begin their companies in the Russian market. Ineed, the market has huge potential and prospects for farthr development.