RUSSIA

Russia's growth prospects for 2019-2021 remain modest, chiefly due to decelerating household spending and a tense geopolitical backdrop. Despite access to a large labour market, vast natural resources and robust financial sector, the Russian market remains hamstrung by structural challenges that highlight the slow pace of reform over the years. A return to solid growth will need more private investment, the easing of western-imposed sanctions and a lift in consumer sentiment. More

In addition to strategic investment vehicles such as ASEZs and FPVs, the Russian government has implemented two special schemes – the Special Administrative Region (SAR) and the Integrated Entertainment Zone (IEZ) in Russia Far East to unleash the region’s full potential. This gives Hong Kong – a renowned SAR, international financial centre and world-class tourist destination – a new window of opportunity. More

The Russian Far East District (FEFD) boasts rich natural resources, abundant land, an upgraded infrastructure, and unfettered access to EAEU markets covering a population of 180 million. It can also offer generous fiscal incentives after the Russian government declared it the “national priority for the entire 21st century”. All this has helped it become an increasingly attractive manufacturing investment destination, which should be of interest to Hong Kong manufacturers and investors. More