Nearly three-fourths of the companies in the Association of European Businesses in Russia plan to increase their investments in 2011, according to the group's latest member survey.
Most companies (69 percent) reported that their domestic turnover increased last year. The quantity of foreign employees in AEB companies locally increased from 10 percent in 2009 to 23 percent in 2010.
The majority of European workers are in general management (69 percent) and sales (31 percent). The main obstacles to business are regulatory restrictions, according to 42 percent of respondents, while 26 percent said it is a lack of qualified personnel.
The association has more than 600 members doing business in Russia, from countries like Germany, France, the Netherlands, Sweden, Finland, Switzerland, Austria, Italy and others. The survey was conducted jointly with market research company GfK Rus.
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.