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Head of State
President Dmitriy Anatolyevich Medvedev (since 7 May 2008)
Head of Government
President Dmitriy Anatolyevich Medvedev (since 8 May 2008)
Netherlands 11.2%, Italy 8.1%, Germany 8%, Turkey 6%, Ukraine 5.1%, Poland 4.5%, China 4.3% (2008)
Germany 13.5%, China 13.2%, Japan 6.5%, Ukraine 6%, US 4.5%, Italy 4.3% (2008)
Country Brief Russian Federation
(Last Updated Oct 2011)
As one of the world’s fastest growing economies and with one of the highest growth rates in GDP, as well as being a regional hegemon, Russia presents considerable opportunities for Western Cape businesses. Consistent and sound economic strategies, modernised financial systems, and strong growth in productivity, real wages, and consumption has made Russia one of the top ten fastest growing major economies.
Due to its size, Russia displays both geographic and economic diversity and is one of the world’s fastest growing major economies with one of the highest growth rates in real Gross Domestic Product (GDP). Due to its diverse and rapidly expanding economy, Russia is a nation ready and willing to do business with economically active and viable regions such as the Western Cape.
MoscowWesgro Country Briefs present our expertise in providing cutting edge intelligence to Western Cape exporters and international investors. Bringing together years of knowledge, experience and our strategic relations in the public private sector, these customized and up-to-date briefs is an essential resource for our clients, providing essential and practical guidelines for any businesses looking to expand globally and reap the benefits.