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Apr. 23, 2007
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Brits Skeptical of Russia’s Business
Russia’s business never doubts its presence in Britain will profit both parties. But in Great Britain, they think different, perceiving a clear threat in Russia’s expansion, signaled the joint survey of Britain’s YouGov and Russian Axis Ltd held ahead of Russia’s Economic Forum in London.
During the survey, Russia’s and Britain’s entrepreneurs were asked to ponder over the most distinct features of each other and investment climate in both countries. “The results have shown Russia’s businessmen are sure the growth in their presence in Britain is a plus for both parties, but their Britain’s colleagues see a threat in Russia’s expansion,” said Vadim Malkin, general director of Russian Axis.

According to the Brits, a Russian businessman is inclined to risk and breach laws, dishonest and unreliable, ruthless but naïve, rather well-educated but too haughty. The Russians are of much better opinion of their Britain’s counterparts. They think an average businessman of that nation is cautious and law-abiding, very educated, technologically sophisticated and haughty, very reliable but not too honest.

Of interest is that both parties relatively agree on an issue of investment climate. Both the Brits and the Russians regard corrupt practices (77 percent and 50 percent of respondents respectively) and protectionism of authorities (60 percent and 37 percent) as core hurdles en route of the Britain’s business in Russia.

But opinions have drifted apart on issue of Russia’s investment attractiveness. Only 3 percent of the Brits but 43 percent of the Russians view Russia very attractive for investing and 24 percent and 39 percent respectively find it rather attractive.

Predictably, Russia is just the 12th for the Brits in business expansion preference. Poland is the leader and it is followed by China and India.

Asked about Russia’s investments in Britain, 33 percent there fear Russia’s expansion will lead to dissolution of morals, and 25 percent in Great Britain and 49 percent in Russia regard it the mere capital outflow.
www.kommersant.com

All the Article in Russian as of Apr. 23, 2007

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