Investing in St Petersburg (Global Market Briefings Series) by Marat Terterov

By Marat Terterov

Making an investment in St Petersburg is the definitive consultant to funding possibilities and enterprise perform in Russia's unique capital urban. released in organization with the govt of St Petersburg, the consultant offers an target review of the commercial and funding weather, details on industry capability in key sectors; mixed with uniquely authoritative and functional recommendation at the mechanics of making an investment and doing company within the urban.

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Needless to say, the nominal growth figures used in the forecast are based on an assumption that there will be low inflation. The government will thus be able to report growth (as expressed in nominal gross regional product) even if real economic growth is jeopardized. Since official statistical reports are based on Soviet-style accounting principles, it is very difficult to get a clear picture of the real situation in the regional economy. The new governor has brought to office new vice-governors from private businesses to take responsibility for the economic aspect of the city government’s work: Mr Oseyevsky (who worked in the Industry and Construction Bank), Mr Blank (Industry and Construction Bank) and Mr Molchanov (previously a consultant for the Business Link company).

They also coordinate briefings, seminars and roundtables featuring topnotch industry experts and relevant government leaders. Membership in AmCham St Petersburg also allows for many networking and marketing opportunities among the other members and beyond. Furthermore, AmCham strives to provide its members with a sense of community as well as the services and day-to-day support generally found in AmChams around the world. Advocacy We work to facilitate business and to reduce the bureaucratic burden on operations by presenting issues to government and business decision-makers: ● advocating members’ interests to the government at all levels; ● representation of your views to the US Government through close working relationship with the US Consulate General in St Petersburg and the Russian-American Business Dialog (RABD); ● documenting the issues of critical importance to our member companies and sending these concerns to appropriate government officials; ● AmCham’s ongoing dialog with the respective authorities at all levels; xlv Contacts & networking ● breakfast and luncheon meetings with prominent representatives of local and international political and business communities; ● government and business contact information for St Petersburg and the Leningrad Oblast; ● bi-monthly General Membership Meetings featuring prominent guest speakers and networking opportunities; ● social events for the membership, including Annual Meeting, Awards Ceremony and Gala Dinner, American Independence Day Celebration, Thanksgiving Party, December Holiday Party, etc.

In all there are 15 positions in the government. Candidates for government positions are put before the Assembly upon recommendation of the governor. Once confirmed by the legislature, candidates are appointed to their position by the governor. The competencies of the government include: ● consideration of, and amendments to, the draft budget, as well as a draft report on its performance; ● consideration of plans and programmes relating to socio-economic development; ● review of draft laws on the introduction or cancellation of regional taxes and tax incentives, or relating to any changes in financial obligations or expenses to be compensated from the budget; ● management and disposal of city property or federal property transferred to the city in accordance with federal law.

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