Although Larive International has been present in Russia since 1993, all projects and services have been suspended due to the recent unprovoked hostilities toward Ukraine.
Together with our business associate Steffen Smeenk, we provide services to numerous companies that are looking to enter the Russian and Kazakhstan market.
Russian market prospect:
Russia is slowly emerging from a two-year recession caused by low oil prices and Western sanctions. We forecast weak growth in 2017 of 0.9%. Structural weaknesses, low investment and fiscal tightening will keep trend GDP growth below 2% a year in the medium term. Tensions with the West are likely to remain high throughout the forecast period; economic ties with Asia will grow. Major political or economic reform is unlikely, but the regime will attempt to improve the efficiency of the system. (Source: The Economist Intelligence Unit 2017)
Promising sectors for western companies: Agrifood, Oil & Gas, Chemicals.