NEW POSSIBILITIES TO DEVELOP INTERNATIONAL TRADING WITH RUSSIA

Size: px
Start display at page:

Download "NEW POSSIBILITIES TO DEVELOP INTERNATIONAL TRADING WITH RUSSIA"

Transcription

1 NEW POSSIBILITIES TO DEVELOP INTERNATIONAL TRADING WITH RUSSIA THE PROFESSIONAL FOREIGN AND INTERNATIONAL MARKET TRADE OPERATOR

2 Volume of export of goods in Russia (in millions of USD) THE SCALE OF TRADE RELATIONS BETWEEN FRANCE AND RUSSIA IN THE PERIOD OF France France

3 FACTORS INTERFERING WITH THE DEVELOPMENT OF FOREIGN TRADE RELATIONS IN RUSSIA official barriers Russian companies come across in their foreign trade activity financial risks caused by delayed payments lack of professionals in the international trade speciality in many economic fields of the Russian Federation.

4 THE ROLE INTERNATIONAL ORGANIZATIONS PLAY IN DEVELOPING TRADE RELATIONS IN RUSSIA The French-Russian Chamber of Commerce and Industry (CCIFR) as an example of successful cooperation of business communities of the two countries. The CCIFR makes arrangement for holding economic presentations, for creating and supporting professional committees, holding B2B sessions, helps open representative offices and develop business for French companies in Russia, introduces new technologies and international trade innovations, thus assuring the developing of international trade relations between France and Russia.

5 NEW POSSIBILITIES OF INTERNATIONAL TRADING WITH RUSSIA The Professional Foreign and International Trade Operator (PFITO). PFITO is a commercial organization carrying out foreign trade business activities in the Russian Federation on behalf of other companies. The party interested delegates all its foreign trade activities including delivery of goods and customs clearance to the PFITO, thus focusing on its main activity.

6 BUSINESS ACTIVITY OF PFITO INCLUDES In the international trade field: arranging terms of both payment and delivery of goods making a draft contract for further signing it by the foreign business company in the name of PFITO transferring money for goods assuring replacement of goods due to warranty terms. PFITO acts in full compliance with international and national legislation.

7 BUSINESS ACTIVITY OF PFITO INCLUDES International transportation field includes: choosing the means of transportation and the way of delivering goods finding and optimizing the route of transportation carrying out the function of international transportation PFITO acts in full compliance with international and national legislation

8 BUSINESS ACTIVITY PFITO INCLUDES Customs clearance: getting documents ready for the customs procedures filling in and issuing the customs declaration in the name of the PFITO having all customs duties paid. PFITO acts in full compliance with international and national legislation.

9 BUSINESS ACTIVITY PFITO INCLUDES Internal delivery: handling and housing of goods storing goods final delivering of goods to the customer. PFITO acts in full compliance with international and national legislation.

10 PFITO S BUSINESS SCHEME

11 PFITO S BUSINESS SCHEME

12 PFITO S BUSINESS SCHEME

13 PFITO S BUSINESS SCHEME

14 PFITO S BUSINESS SCHEME

15 PFITO S BUSINESS SCHEME

16 PFITO S BUSINESS SCHEME

17 PFITO S BUSINESS SCHEME

18 PFITO S BUSINESS SCHEME

19 PFITO S BUSINESS SCHEME

20 PFITO S BUSINESS SCHEME

21 PFITO S BUSINESS SCHEME

22 PFITO S BUSINESS SCHEME

23 PFITO S BUSINESS SCHEME

24 PFITO S BUSINESS SCHEME

25 PFITO S BUSINESS SCHEME

26 PFITO S BUSINESS SCHEME

27 ADVANTAGES ASSURED BY PFITO: The minimal number of agents for business activities on the Russian market (PFITO is the only one) The possibility for Russian customers to pay in rouble for foreign goods The price of goods on the Russian market includes all costs involved All procedures as well as all risks are on all PFITO Every stage dealings being clear is provided.

28 THE ECONOMIC BASE OF WORKING WITH A PFITO: E = TCcur - TCpfito TCcur = Cgoods + Cf + Ctd + Ccuscl + Chr + Crent + Cother TCpfito = Cgoods + Cf + Ctd (Cgoods + Cf + Ctd)

29 PROVIDING BUSINESS ACTIVITY DESPITE THE OFFICIAL BARRIERS FOR FURTHER DEVELOPING OF INTERNATIONAL TRADE RELATIONS Measures to avoid official barriers preventing foreign trade activities: By reducing time for procedures at the officials PFITO reduces expenses connected with goods purchasing.

30 PROVIDING BUSINESS ACTIVITY FOR FURTHER DEVELOPING OF INTERNATIONAL TRADE RELATIONS Financial reliability: solid financial position of PFITO on the international trade market unimpeachable reputation as a reliable foreign trade agent providing financial risk insurance.

31 PROVIDING BUSINESS ACTIVITY FOR FURTHER DEVELOPING OF INTERNATIONAL TRADE RELATIONS Lack of professionals in the international trade speciality in many economic fields of the Russian Federation: PFITO S searching for professional human resources for their further employing in the field of international trade activity.

32 THE HISTORY OF FOUNDING THE INSTITUTION OF PFITO IN RUSSIA The demand for foreign trade outsourcing in Russia was caused by the growth of foreign trade activity in the 90 s of the 20th century The growing number of Russian companies involved in foreign trading gave a start for a new type of intermediary companies specialized in logistics and customs clearance as well as in foreign trade operations ELFOR, the first Professional Foreign and International Trade Operator was founded to fill in the niche of growing demand for professional and high quality international trade services Since 2010 ELFOR as PFITO has been working with 82 foreign suppliers on constant contract terms and has realised over 700 deliveries to the Russian market.

33 PFITO/ELFOR SUPPLIER SHARE DATA PER COUNTRY AND REGION Number of suppliers per country 21 Supplier share per region EU South East Asia USA 20 7% 0% 15 31% % 0 Number of suppliers

34 PFITO/ELFOR FOREIGN TRADE DATA PFITO/ELFOR s foreign data for 2012 in thousands of Euros

35 SUMMARY As a partner of the Professional Foreign and International Trade Operator you are sure to be provided with minimizing economical and financial risks, avoiding official barriers as well as with assisting to supply the Russian market with foreign goods at a lower price for consumers.

36 ELFOR/PFITO IS YOUR 1 IN YOUR INTERNATIONAL TRADE ACTIVITY WITH RUSSIA , Russia, Moscow, 9 Suchevski Val bld 1 +7 (495) pfito@elforworld.com

14 OCTOBER 2016 MOSCOW. INTERNATIONAL BUSINESS CONFERENCEInRussia WWW.INRUSSIA.PRO

14 OCTOBER 2016 MOSCOW. INTERNATIONAL BUSINESS CONFERENCEInRussia WWW.INRUSSIA.PRO MOSCOW 14 OCTOBER 2016 INTERNATIONAL BUSINESS CONFERENCEInRussia BUSINESS PLATFORM ADDRESSING TO THE RAPID DEVELOPMENT OF FOREIGN BUSINESSES, PARTNERSHIP OR RUSSIAN AND FOREIGN COMPANIES AND LOCALIZATION

More information

Presentation for the CCIFR 19/10/2013

Presentation for the CCIFR 19/10/2013 Antal Russia Presentation for the CCIFR 19/10/2013 Christian Lepolard Partner t: +7 495 935 86 06 m: +7 906 776 58 72 e: christian.lepolard@antalrussia.com AGENDA 1. Introduction 2. About Antal Russia

More information

OPPORTUNITIES IN RUSSIAN ON-LINE MARKET AND LOGISTICS SOLUTIONS FOR DELIVERIES

OPPORTUNITIES IN RUSSIAN ON-LINE MARKET AND LOGISTICS SOLUTIONS FOR DELIVERIES OPPORTUNITIES IN RUSSIAN ON-LINE MARKET AND LOGISTICS SOLUTIONS FOR DELIVERIES CISLog Oy 30.03.2014 1 Introduction This report has been conducted based on an assignment of Hamina/Kotka regional development

More information

How To Get A Degree In International Trade

How To Get A Degree In International Trade DEGREE IN INTERNATIONAL TRADE (GCI) University of Leon Almost since the very day it opened, the Faculty of Economics and Business Studies of the University of Leon has taken on the task of training professionals.

More information

Price List. Services for foreign companies on the Russian territory:

Price List. Services for foreign companies on the Russian territory: Search for producers Price List Services for foreign companies on the Russian territory: Search for 5 producers + negotiation, contact conclusion, order placement and further assistance on Russian market

More information

The BPO market in France

The BPO market in France CBI market survey The BPO market in France Publication date: August 2008 Report summary This CBI market survey discusses, among other things, the following issues for the Business Process Outsourcing (BPO)

More information

Board of Directors Report. Corporate Profile

Board of Directors Report. Corporate Profile Board of Directors Report Corporate Profile Board of Directors Report In 1999, OOO Raiffeisenbank Austria performed impressively in the challenging Russian financial environment. As the Russian economy

More information

THE ELECTRONIC CUSTOMS IMPLEMENTATION IN THE EU

THE ELECTRONIC CUSTOMS IMPLEMENTATION IN THE EU Flash Eurobarometer THE ELECTRONIC CUSTOMS IMPLEMENTATION IN THE EU REPORT Fieldwork: April-May 214 Publication: October 214 This survey has been requested by the European Commission, Directorate-General

More information

E-trade and its Impact on SMEs: Case of China and Lessons for Asia Pacific Region

E-trade and its Impact on SMEs: Case of China and Lessons for Asia Pacific Region E-trade and its Impact on SMEs: Case of China and Lessons for Asia Pacific Region Jian Wang Expert, APEC E-commerce Alliance Professor, University of International Business and Economics (UIBE), Beijing

More information

3 Days of show 10,000. Universes. A unique event in Russia. Visitors Expected. 4500 m of show floor at the Moscow World Trade Center

3 Days of show 10,000. Universes. A unique event in Russia. Visitors Expected. 4500 m of show floor at the Moscow World Trade Center 4/5/6 4/5/6 December December 2015 2015 Moscow, Moscow, World World Trade Trade Center Center A unique event in Russia 10,000 Visitors Expected 2 4500 m of show floor at the Moscow World Trade Center Exclusive

More information

主 题 演 讲 : E-trade Process Reengineering and its Implication for Change on Trade Regulation: The Case of China

主 题 演 讲 : E-trade Process Reengineering and its Implication for Change on Trade Regulation: The Case of China 主 题 演 讲 : Keynote Speech E-trade Process Reengineering and its Implication for Change on Trade Regulation: The Case of China 电 子 商 务 环 节 重 构 及 其 对 外 贸 政 策 变 化 的 影 响 以 中 国 为 例 Jian Wang 王 健 Expert, APEC

More information

BROCHURE BUSINESS SERVICES

BROCHURE BUSINESS SERVICES BROCHURE BUSINESS SERVICES EUROPE AT A GLANCE Europe, which includes not only the 27 EU countries but Russia, Turkey and several other nations as well, is the largest economy in the world. It has been

More information

Investor s day. 15th June 2012

Investor s day. 15th June 2012 Investor s day 15th June 2012 2012 Highlight: Growth in Russia Moscow (6) Samara (2) Novosibirsk (1) Krasnodar (1) Rostov (1) Ufa (1) Yekaterinburg (1) 13 Stores in Russia since November 2012 Forecast

More information

Dialogue between the Government and stakeholders a crucial factor for improving Business Environment

Dialogue between the Government and stakeholders a crucial factor for improving Business Environment Dialogue between the Government and stakeholders a crucial factor for improving Business Environment Anrijs Matīss Deputy State Secretary Ministry of Economics of the Republic of Latvia Brivibas street

More information

DWS (CH) Money Market Umbrella Fund

DWS (CH) Money Market Umbrella Fund DWS (CH) Money Market Umbrella Fund Simplified Prospectus Umbrella fund under Swiss law (Type Other funds for traditional investments ) June 2012 Simplified prospectus as of June 2012 Simplified prospectus

More information

ERASMUS FOR YOUNG ENTREPRENEURS : A NEW EXCHANGE PROGRAMME

ERASMUS FOR YOUNG ENTREPRENEURS : A NEW EXCHANGE PROGRAMME PRESS DOSSIER INDEX PRESS DOSSIER...1 INDEX...2 ERASMUS FOR YOUNG ENTREPRENEURS : A NEW EXCHANGE PROGRAMME...3 WHO CAN PARTICIPATE?...5 WHAT BENEFITS AND FOR WHOM?...6 HOW DOES IT WORK? STRUCTURE AND IMPLEMENTATION...7

More information

Foreign Trade Vademecum. 2012 Edition. osec.ch

Foreign Trade Vademecum. 2012 Edition. osec.ch Foreign Trade Vademecum. 2012 Edition. osec.ch Table of contents. Swiss economic key figures 3 Global view 4 Worldwide export development by region 4 Worldwide largest exporters 4 Worldwide import development

More information

E-commerce and Development Key Trends and Issues

E-commerce and Development Key Trends and Issues E-commerce and Development Key Trends and Issues Torbjörn Fredriksson Chief, ICT Analysis Section UNCTAD, Division on Technology and Logistics (torbjorn.fredriksson@unctad.org) Workshop on E-Commerce,

More information

www.thalesgroup.com Business Ethics Conduct Guide Gifts.&.Hospitality Guidelines

www.thalesgroup.com Business Ethics Conduct Guide Gifts.&.Hospitality Guidelines www.thalesgroup.com Business Ethics Conduct Guide Gifts.&.Hospitality Guidelines 2 Contents Knowing the facts...3 Understanding the issues...5 Implementing the guidelines...6 Following the 4 R rule...7

More information

Insurance Update. May Review. Global news. Increasing importance of Captives in non-traditional risks

Insurance Update. May Review. Global news. Increasing importance of Captives in non-traditional risks Insurance Update May Review Global news Increasing importance of Captives in non-traditional risks A recent study has confirmed that use of captives is becoming more widespread, as the risk managers become

More information

The Umbrella Concept A New Internationalization Perspective

The Umbrella Concept A New Internationalization Perspective The Umbrella Concept A New Internationalization Perspective Prof. Dr. Rolf-Dieter Reineke University of Applied Sciences and Arts Northwestern Switzerland (FHNW) Institute of Management Bahnhofstrasse

More information

ATOMEX-Europe 2013. 8-9 October 2013, Brno, Czech Republic

ATOMEX-Europe 2013. 8-9 October 2013, Brno, Czech Republic ATOMEX-Europe 2013 8-9 October 2013, Brno, Czech Republic VTB today VTB is a backbone Russian bank, which has built an international financial group. VTB Group possesses a unique international network

More information

Brief Guide for European Companies on Importers and Wholesale Distributors in Japan (food and wine; ICT; medical devices sectors)

Brief Guide for European Companies on Importers and Wholesale Distributors in Japan (food and wine; ICT; medical devices sectors) Brief Guide for European Companies on Importers and Wholesale Distributors in Japan (food and wine; ICT; medical devices sectors) Alice Tomaskova MINERVA Visiting Fellow Tokyo, 28.10.2015 Aims of the research

More information

CONDITIONS FOR MAKING PAYMENT TRANSACTIONS

CONDITIONS FOR MAKING PAYMENT TRANSACTIONS CONDITIONS FOR MAKING PAYMENT TRANSACTIONS 1. GENERAL PROVISIONS 1.1 In the Conditions for Making Payment Transactions (hereinafter referred to in this document as the Conditions) the bank issues the terms

More information

Downstream upgrade challenges and solutions

Downstream upgrade challenges and solutions Downstream upgrade challenges and solutions July 5th 2013 Having a huge performance gap compared to world-class level, Russian refineries started an unprecedented modernization program in 2008 Modernization

More information

EUROPASS DIPLOMA SUPPLEMENT

EUROPASS DIPLOMA SUPPLEMENT EUROPASS DIPLOMA SUPPLEMENT TITLE OF THE DIPLOMA (ES) Técnico Superior en Comercio Internacional TRANSLATED TITLE OF THE DIPLOMA (EN) (1) Higher Technician in International Trade ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

More information

I. World trade developments

I. World trade developments I. World trade developments World merchandise exports stagnated in value terms in 2012 while exports of commercial services increased by 2 per cent. Key developments in 2012: a snapshot Trade data List

More information

Success stories don t just happen. They are made. Your first step on a management career path: The Junior Managers Program

Success stories don t just happen. They are made. Your first step on a management career path: The Junior Managers Program Success stories don t just happen. They are made. Your first step on a management career path: The Junior Managers Program Junior Managers Program A good start to your international career. Bosch is more

More information

Industrial market. ST. PETERSBURG

Industrial market. ST. PETERSBURG Industrial market. ST. PETERSBURG Key industrial market indicators, 214 Supply INDEX VALUE Total stock 2.45 million m 2 Speculative stock 1.4 million m 2 New supply 355, m 2 Take-up 337, m 2 Vacancy rate

More information

PAYMENT CONDITIONS. Effective as of 10.06.2014 1

PAYMENT CONDITIONS. Effective as of 10.06.2014 1 1. Definitions In addition to the terms and conditions provided in the Current Account Contract Conditions and the General Conditions of the Bank, the following definitions are used in these Payment Conditions:

More information

Constitutional legal regulation of monetary system

Constitutional legal regulation of monetary system Constitutional legal regulation of monetary system V. N. Nazarov, Associate professor of administrative and financial law of Plekhanov Russian University of Economics (Moscow) Analysis of constitutional

More information

UniCredit Leasing. Right partner for expanding your business. Sales Department

UniCredit Leasing. Right partner for expanding your business. Sales Department UniCredit Leasing Right partner for expanding your business Sales Department Moscow, 31 December, 2015 Table of contents 1. UNICREDIT LEASING AT A GLANCE Leading market player Solid leasing expertise Consistent

More information

BERMUDA MONETARY AUTHORITY CORPORATE SERVICE PROVIDER BUSINESS LICENCE APPLICATION CORPORATE SERVICE PROVIDER BUSINESS ACT 2012 DECEMBER 2012

BERMUDA MONETARY AUTHORITY CORPORATE SERVICE PROVIDER BUSINESS LICENCE APPLICATION CORPORATE SERVICE PROVIDER BUSINESS ACT 2012 DECEMBER 2012 BERMUDA MONETARY AUTHORITY CORPORATE SERVICE PROVIDER BUSINESS LICENCE APPLICATION CORPORATE SERVICE PROVIDER R BUSINESS ACT 2012 DECEMBER 2012 TABLE OF CONTENTS I. GUIDANCE NOTES 3 II. DOCUMENTATION 4

More information

Managing Third Party Risks in a Global Supply Chain

Managing Third Party Risks in a Global Supply Chain Managing Third Party Risks in a Global Supply Chain The Companies You Keep William Marshall, Hong Kong Ross Denton, London Jasper Helder, Amsterdam Baker & McKenzie Amsterdam N.V. is a member firm of Baker

More information

emarket Services make it easier to use emarketplaces for international business

emarket Services make it easier to use emarketplaces for international business emarket Services make it easier to use emarketplaces for international business ERNESTO GRAEFENHAIN DE CODES, CO-FOUNDER AND BUSINESS DEVELOPMENT DIRECTOR OF SHIPIUS: WE OFFER AN INTEGRATED SHIPPING SERVICE

More information

: USD 97 per Barrel FOB RUSSIA PORT/CIF ASWP

: USD 97 per Barrel FOB RUSSIA PORT/CIF ASWP INDONESIA, JUNE 17, 2012. To : EL - AL BEN GURION AIRPORT ISRAEL Attn : Mr. MOTI SONSINO (PURCHASING DIRECTOR) SOFT OFFER We are on behalf of OAO NK RUSSNEFT (RUSSNEFT OIL AND GAS COMPANY) with the Russia

More information

How to Procure a Payment Service Contract in Cambridge City

How to Procure a Payment Service Contract in Cambridge City Cambridge City Council Item To: Report by: Relevant scrutiny committee: Wards affected: Executive Councillor for Planning Policy and Transport: Councillor Kevin Blencowe Sean Cleary, Commercial Operations

More information

ROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE

ROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE ROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE ON EXPORT TABLE OF CONTENTS INTRODUCTION... 1 Overview of Goods and Services Tax (GST)... 1 EXPORTATION OF GOODS AND SERVICES... 1 TERMINOLOGY... 2

More information

DEADLINE: 01 April 2015, 4:30PM (AST) CARIBBEAN EXPORT DEVELOPMENT AGENCY REQUEST FOR PROPOSALS NOTICE

DEADLINE: 01 April 2015, 4:30PM (AST) CARIBBEAN EXPORT DEVELOPMENT AGENCY REQUEST FOR PROPOSALS NOTICE DEADLINE: 01 April 2015, 4:30PM (AST) CARIBBEAN EXPORT DEVELOPMENT AGENCY REQUEST FOR PROPOSALS NOTICE TITLE: Lead generation, pre-qualification and short-listing of foreign companies identified as potential

More information

Enterprise Europe Network

Enterprise Europe Network Enterprise Europe Network Your Gateway to European Markets Blazej Thomas International Business Officer London Chamber of Commerce and Industry Guildford, 15 May 2013 What is the Enterprise Europe Network?

More information

OVERCOMING BARRIERS TO GOING GLOBAL

OVERCOMING BARRIERS TO GOING GLOBAL EXPORTING IS GOOD FOR BRITAIN OVERCOMING BARRIERS TO GOING GLOBAL Despite the barriers to business growth present here in the UK, domestic business is deemed far simpler than international business. Competition

More information

Schedule of International Transaction Charges. This document contains important information. Please read carefully and retain for future reference.

Schedule of International Transaction Charges. This document contains important information. Please read carefully and retain for future reference. Schedule of International Transaction s This document contains important information. Please read carefully and retain for future reference. June 2014 Contents Bureau de Change page 2 Card Transactions

More information

uniting factors creating industry

uniting factors creating industry uniting factors creating industry RESOURCES AND OPPORTUNITIES Association of factoring companies (AFC) was founded in 2007 AFC is a professional union of member of the Russian factoring market AFC brings

More information

Step 3: Has your company got the capability and resources?

Step 3: Has your company got the capability and resources? Steps to Exporting Success in international markets is critical to the long-term, sustainable growth of your business and good preparation is key to successfully managing the risks associated with exporting,

More information

Merchant Payments Ecosystem, February 16-18, Berlin. Personal Data Protection Law in Russia

Merchant Payments Ecosystem, February 16-18, Berlin. Personal Data Protection Law in Russia Personal Data Protection Law in Russia Orange Business Services can help you to operate securely in Russia and take care of your IT infrastructure. How can Orange help you? Connectivity + National Payment

More information

Explanatory notes VAT invoicing rules

Explanatory notes VAT invoicing rules Explanatory notes VAT invoicing rules (Council Directive 2010/45/EU) Why explanatory notes? Explanatory notes aim at providing a better understanding of legislation adopted at EU level and in this case

More information

ACE INTERNATIONAL MOVING

ACE INTERNATIONAL MOVING Import/Export Customs regulations in Russia Customs regulations (for used personal effects and household goods) in Russian Federation are rather complicated and might be changed at anytime without prior

More information

Transport and Logistics Chain Intermediaries

Transport and Logistics Chain Intermediaries Transport and Logistics Chain Intermediaries FIATA World Congress 2014, Istanbul 16 October 2014 Ms Isabelle Bon-Garcin President of the IRU Commission on Legal Affairs This is the IRU 2 Evolution of IRU

More information

Case study India Entry Strategy

Case study India Entry Strategy Case study India Entry Strategy Client Background Normet is a world renowned manufacturer of mobile equipment and vehicles for underground mining and tunneling. The company has it s presence across Europe,

More information

TAX ADVICE LEGAL ADVICE LITIGATION & DISPUTE RESOLUTION

TAX ADVICE LEGAL ADVICE LITIGATION & DISPUTE RESOLUTION TAX ADVICE LEGAL ADVICE LITIGATION & DISPUTE RESOLUTION 1 THE RIGHT CHOICE SAMETA WHEN CHOOSING ADVISORS, VARIOUS COMPANIES USE DIFFERENT CRITERIA It can be difficult for clients to choose from among the

More information

Understanding, protecting and growing. ABN AMRO Private Banking

Understanding, protecting and growing. ABN AMRO Private Banking Understanding, protecting and growing. ABN AMRO Private Banking 2 Dear Valued Client, Thank you for allowing us to share with you how ABN AMRO Private Banking can be of service to you. As an established

More information

Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR)

Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) 31st SESSION 15-17 October 2014 Room XVIII, Palais des Nations, Geneva Friday, 17 October 2014 Morning

More information

ASIC Corporations (Division 4 Financial Products) Instrument 2015/XX

ASIC Corporations (Division 4 Financial Products) Instrument 2015/XX Attachment 2 to CP 236: Draft instrument ASIC Corporations (Division 4 Financial Products) Instrument 2015/XX I, , delegate of the Australian Securities and Investments Commission, make the

More information

LONG TERM INVESTMENT FUND (SIA)

LONG TERM INVESTMENT FUND (SIA) November 2010 Simplified Prospectus LONG TERM INVESTMENT FUND (SIA) LONG TERM INVESTMENT FUND (SIA) Natural Resources* Important Information Investment objective Investment policy This simplified prospectus

More information

Factoring in France. 10 questions/10 answers

Factoring in France. 10 questions/10 answers Factoring in France 10 questions/10 answers Contents 1. What is factoring? 2. Who is factoring aimed at? 3. Why choose factoring? 4. When do you need factoring? 5. How does it work? 6. How does factoring

More information

Logistics Performance and trade facilitation?

Logistics Performance and trade facilitation? WORLD BANK GROUP Logistics Performance and trade facilitation? Jean-François ARVIS, The World Bank ISEL Douane française Le Havre Novembre 2012 FROM BUSINESS TO MACRO LOGISTICS Semantic Logistics = art

More information

Ensuring Preparedness of the Slovak Public Health Insurance System to Apply the Acquis on Co-ordination of Social Security Schemes TERMS OF REFERENCE

Ensuring Preparedness of the Slovak Public Health Insurance System to Apply the Acquis on Co-ordination of Social Security Schemes TERMS OF REFERENCE Ensuring Preparedness of the Slovak Public Health Insurance System to Apply the Acquis on Co-ordination of Social Security Schemes TERMS OF REFERENCE 1. BACKGROUND The main objective of this project is

More information

Your smooth market entry

Your smooth market entry www.exportmarketresearch.com Your smooth market entry Export Market Research Market Entry Services in the CEE region Scandinavia & beyond Who We Are Export Market Research Ltd. is a privately owned company

More information

Support for West Midlands Exporters

Support for West Midlands Exporters Support for West Midlands Exporters Ian Fletcher International Trade Director Transaction Services UK 20 November 2014 What is an exporter concerned about? How to break into a new overseas market How to

More information

ROY STEENMAN roy.steenman@managinggrowth.com

ROY STEENMAN roy.steenman@managinggrowth.com LOCAL TO GLOBAL & GLOBAL TO LOCAL MAKE OR BUY?, BUY OR BUILD?, OFFSHORE? Investment Strategies What s on your CEO s Mind? C-Level Issues an integral approach SHORT VERSION Managing Growth BV, December

More information

Archive Legislation: Email archiving in France. The key laws that affect your business

Archive Legislation: Email archiving in France. The key laws that affect your business Archive Legislation: Email archiving in France The key laws that affect your business Contents Laws regulating archiving 3 Who is required to archive email? 3 Penalties 4 GFI Archiver 5 Archive Legislation:

More information

WEBSITE LOCALISATION The Best Way to Reach International Clients

WEBSITE LOCALISATION The Best Way to Reach International Clients WEBSITE LOCALISATION The Best Way to Reach International Clients Nelly Kostadinova RBS, London Managing Director 12.11.2014 CONTENT. The world is borderless thanks to the internet. Learn from the greats.what

More information

ROAD FREIGHT ROAD FREIGHT FULL TRUCK SERVICES. www.goeast.eu GROUPAGE CONSOLIDATION ROAD FREIGHT CONTACT EAST LOGISTICS PROFESSIONALS

ROAD FREIGHT ROAD FREIGHT FULL TRUCK SERVICES. www.goeast.eu GROUPAGE CONSOLIDATION ROAD FREIGHT CONTACT EAST LOGISTICS PROFESSIONALS ROAD FREIGHT FULL TRUCK SERVICES FTL transport: FTL Standard FTL Reloaded, with additional services FTL Time Guaranteed express solution Customs clearance: Export in all EU countries Import in all main

More information

Worldwide Anti-Corruption Policy

Worldwide Anti-Corruption Policy Worldwide Anti-Corruption Policy I. PURPOSE The laws of most countries make the payment or offer of payment or even receipt of a bribe, kickback or other corrupt payment a crime, subjecting both Eaton

More information

Student who have less then 60% marks in highest degree have to pass entrance exam

Student who have less then 60% marks in highest degree have to pass entrance exam EU of Student who have less then 60% marks in highest degree have to pass entrance exam RIGA GRADUATE SCHOOL OF LAW Address: Strēlnieku iela 4k-2 Riga LV-1010, E-mail: study@rgsl.edu.lv Phone: +371 67039206

More information

End Customer Monitor 4.0 - A Survey of PV Owners and Planers

End Customer Monitor 4.0 - A Survey of PV Owners and Planers EndCustomer Monitor 4.0 The German PV Market from an End Customer Perspective Focus: Smart Home A Survey of PV Owners and Planers EuPD Research Multi Client September 2014 Background EndCustomer Monitor

More information

Economic and Legal Foundations of Energy Saving (regional aspect)

Economic and Legal Foundations of Energy Saving (regional aspect) Economic and Legal Foundations of Energy Saving (regional aspect) V.S. Belykh Doctor of Law, Professor Head of Entrepreneurial Law Department, Ural State Law Academy Competing with other systems survives

More information

Session Title: Mitigating the Financial and Compliance Risks Associated with International Shipments Supporting Global Collaborations

Session Title: Mitigating the Financial and Compliance Risks Associated with International Shipments Supporting Global Collaborations Session Title: Mitigating the Financial and Compliance Risks Associated with International Shipments Supporting Global Collaborations Presented by: Norm Hebert, Director, International Research Administration,

More information

Trade risk management: a global approach

Trade risk management: a global approach World Customs Journal Trade risk management: a global approach Abstract Lorraine Trapani This article discusses IBM s global approach to managing risk associated with importing product into more than 170

More information

The impact of globalisation on international road and rail freight transport activity Past trends and future perspectives

The impact of globalisation on international road and rail freight transport activity Past trends and future perspectives The impact of globalisation on international road and rail freight transport activity Past trends and future perspectives Allan Woodburn, Julian Allen, Michael Browne & Jacques Leonardi Transport Studies

More information

Preparing for Changes in Market Design

Preparing for Changes in Market Design Preparing for Changes in Market Design EMART Conference Didier Lebout, Strategy and Development Director Gazprom Marketing and Trading France Amsterdam, 21 November 2012 In this presentation GM&T Ltd:

More information

Financial Instruments

Financial Instruments There are two basic forms of Letters of Credit: Standby (SBLC) and Documentary (DLC). Financial Instruments Documentary Letters of Credit can be either Revocable or Irrevocable, although the first is extremely

More information

When developing your Marketing Plan you will need to consider some important factors such as:

When developing your Marketing Plan you will need to consider some important factors such as: Guide to Export Success Marketing Export marketing means exporting goods to other countries of the world as per the procedures framed by the exporting country as well as by the importing country and you

More information

INSEEC Group- Paris, Bordeaux, & Lyon

INSEEC Group- Paris, Bordeaux, & Lyon INSEEC Group- Paris, Bordeaux, & Lyon COURSES IN ENGLISH- FALL SEMESTER Paris: Advertising & Communication: New Information & Communication Technologies Marketing International Media Image Rights Strategic

More information

Factoring is emerging as a short-term financial solution for business The role of FCI

Factoring is emerging as a short-term financial solution for business The role of FCI Factoring is emerging as a short-term financial solution for business The role of FCI Daniela Bonzanini Chairman of Factor Chain International Torino, 10 June 2015 1 Factoring Spreading its Wings! GLOBAL

More information

AUDENCIA GROUP Audencia Business School Ecole Atlantique De Commerce (EAC) SciencesCom Useful contacts

AUDENCIA GROUP Audencia Business School Ecole Atlantique De Commerce (EAC) SciencesCom Useful contacts AUDENCIA GROUP Audencia Business School Ecole Atlantique De Commerce (EAC) SciencesCom Useful contacts PROGRAMS OVERVIEW ACADEMIC CALENDARS APPLICATION INFORMATION For partner institutions coordinators

More information

Freight Forwarder Roles in the Export Transaction. Theresa Sekula

Freight Forwarder Roles in the Export Transaction. Theresa Sekula Freight Forwarder Roles in the Export Transaction Theresa Sekula Presenter Theresa Sekula Manager, BDP Corporate Compliance Team Joined BDP in 2005, various roles including marine procurement, operations,

More information

List of Undergraduate Courses University of Economics, Prague Fall/Winter Semester 2015/2016

List of Undergraduate Courses University of Economics, Prague Fall/Winter Semester 2015/2016 1FU301 Fundamentals of Accounting in English bachelor Accounting English 3 no 1FU361 Financial reporting under IFRS and US GAAP - Basic Concepts (in English) bachelor Accounting English 3 no 1BP260 Banking

More information

Applying for a UK visa in Russia

Applying for a UK visa in Russia www.pwclegal.co.uk Applying for a UK visa in Russia PricewaterhouseCoopers Legal LLP Contents Introduction When do I apply? Where do I apply? How do I apply A step by step process Supporting documents

More information

Intellectual Property: not luxury but necessity

Intellectual Property: not luxury but necessity Intellectual Property: not luxury but necessity Who we are AstapovLawyers International Law Group is a leading full-service law firm with more than 120 professionals based in our offices in Kyiv, Moscow

More information

Implementation of EDI in METRO Group Russia

Implementation of EDI in METRO Group Russia Implementation of EDI in METRO Group Russia Stand: 04 2009 Alexey Komissarov Moscow, 22.04.2009 ECR Conference 1 Content METRO Group overview EDI Status in METRO Group Russia Usage of DESADV Usage of INVOIC

More information

Negotiating with Your Supplier: Terms to Protect Your Company. Empower Your Supply Chain Seminar

Negotiating with Your Supplier: Terms to Protect Your Company. Empower Your Supply Chain Seminar 6 Negotiating with Your Supplier: Terms to Protect Your Company What are Incoterms? 11 Terms of shipment and delivery for use in contracts for B2B sales/purchase goods Developed by the International Chamber

More information

Offshore Software Development Centers in Russia: Risk Mitigation Strategy

Offshore Software Development Centers in Russia: Risk Mitigation Strategy Offshore Software Development Centers in Russia: Risk Mitigation Strategy Sergei Riabov Director of Business Development, Auriga Inc. Agenda Introduction Changing Physiognomy of Offshore Outsourcing Opportunities

More information

CURRENT TRENDS AND DEVELOPMENT OF THE AUTOMOTIVE INDUSTRY IN THE SLOVAK REPUBLIC

CURRENT TRENDS AND DEVELOPMENT OF THE AUTOMOTIVE INDUSTRY IN THE SLOVAK REPUBLIC CURRENT TRENDS AND DEVELOPMENT OF THE AUTOMOTIVE INDUSTRY IN THE SLOVAK REPUBLIC Martin Jurkovič 1, Tomáš Kalina 2 Summary: Automakers often use the services of logistics operators who provide comprehensive

More information

The Internationalization of Higher Education: Foreign Doctorate Holders in a Russian Academic Market as Agents of Transformation

The Internationalization of Higher Education: Foreign Doctorate Holders in a Russian Academic Market as Agents of Transformation The Internationalization of Higher Education: Foreign Doctorate Holders in a Russian Academic Market as Agents of Transformation Olessia Kirtchik, National Research University Higher School of Economics

More information

The wine market: evolution and trends

The wine market: evolution and trends The wine market: evolution and trends May 2014 1 Table of contents 1. WINE CONSUMPTION 3 2. TRENDS IN WORLD WINE TRADE IN 20 6 3. TOP WINE EXPORTERS IN 20 7 4. TOP WINE IMPORTERS IN 20 9 5. THE FIVE LARGEST

More information

Kazakhstan : NEW OPPORTUNITIES FOR INVESTMENTS

Kazakhstan : NEW OPPORTUNITIES FOR INVESTMENTS Kazakhstan : NEW OPPORTUNITIES FOR INVESTMENTS Agenda I. Why Kazakhstan is attractive for investors? II. Investing in Kazakhstan III. Contact details Why Kazakhstan is attractive for investors 1. Natural

More information

Amid the rapid change in our sector, we have grown steadily, gaining a firm reputation for delivering a reliable and efficient service and for adding

Amid the rapid change in our sector, we have grown steadily, gaining a firm reputation for delivering a reliable and efficient service and for adding Amid the rapid change in our sector, we have grown steadily, gaining a firm reputation for delivering a reliable and efficient service and for adding real value to our customers businesses. 5 Izola Bank

More information

Case No COMP/M.5721 Otto/Primondo Assets. REGULATION (EC) No 139/2004 MERGER PROCEDURE. Article 7 (3) Date: 22.12.2009

Case No COMP/M.5721 Otto/Primondo Assets. REGULATION (EC) No 139/2004 MERGER PROCEDURE. Article 7 (3) Date: 22.12.2009 Case No COMP/M.5721 Otto/Primondo Assets Only the English text is available and authentic. REGULATION (EC) No 139/2004 MERGER PROCEDURE Article 7 (3) Date: 22.12.2009 EUROPEAN COMMISSION Brussels, 22.12.2009

More information

Immigration Russia. wfw.com. Finance & investment. Transport Real estate ICT. Maritime Energy Natural resources

Immigration Russia. wfw.com. Finance & investment. Transport Real estate ICT. Maritime Energy Natural resources Immigration Russia Finance & investment Maritime Energy Natural resources Transport Real estate ICT Corporate Finance Tax Dispute resolution Employment Regulatory London New York Paris Hamburg Munich Frankfurt

More information

Guide book. 5 th Business Forum of Baltic and Eastern Markets. Lidzbark Warmiński. 4 October 2013

Guide book. 5 th Business Forum of Baltic and Eastern Markets. Lidzbark Warmiński. 4 October 2013 5 th Business Forum of Baltic and Eastern Markets Guide book Lidzbark Warmiński 4 October 2013 Table of contents 1. About the event... 3 2. Schedule... 4 3. About the Organizer... 5 4. Economic potential

More information

UNCITRAL legislative standards on electronic communications and electronic signatures: an introduction

UNCITRAL legislative standards on electronic communications and electronic signatures: an introduction legislative standards on electronic communications and electronic signatures: an introduction Luca Castellani Legal Officer secretariat International harmonization of e-commerce law Model Law on Electronic

More information

Data protection issues on an EU outsourcing

Data protection issues on an EU outsourcing Data protection issues on an EU outsourcing Saam Golshani, Alastair Gorrie and Diego Rigatti, Orrick Herrington & Sutcliffe www.practicallaw.com/8-380-8496 Outsourcing can mean subcontracting a process

More information

Converga InvoiceMe (einvoicing) Report 2 of 3. Whitepaper

Converga InvoiceMe (einvoicing) Report 2 of 3. Whitepaper Converga InvoiceMe (einvoicing) Report 2 of 3 Whitepaper This is the second in a three part series of papers from Converga which will outline various issues and benefits which revolve around einvoicing.

More information

LOGISTICS & CUSTOMS CONSIDERATIONS IN TURKEY. How to use Turkey as a Gateway for Your Products Getting your Products into Turkey- Tariff Issues

LOGISTICS & CUSTOMS CONSIDERATIONS IN TURKEY. How to use Turkey as a Gateway for Your Products Getting your Products into Turkey- Tariff Issues LOGISTICS & CUSTOMS CONSIDERATIONS IN TURKEY How to use Turkey as a Gateway for Your Products Getting your Products into Turkey- Tariff Issues Presented by Ercan Korkut, BILIN Global Logistics, 3 1.1 0.2

More information

02/04/2012. Leather Cluster, Chennai. Cluster Twinning India Pilot. Project implementation commenced - Sept 2007

02/04/2012. Leather Cluster, Chennai. Cluster Twinning India Pilot. Project implementation commenced - Sept 2007 UNIDO Consolidated Project for SME Development in India (www.unidosmeindia.org) Govt. of Italy DGCS Cooperation Agreement to support SME development in India Govt. of India MSME Cluster Twinning Investment

More information

Compensation/Benefits Packages for Locally Hired Foreigners

Compensation/Benefits Packages for Locally Hired Foreigners Compensation/Benefits Packages for Locally Hired Foreigners Part II: International Medical Insurance and the The Medical Benefits Program for AmCham Shanghai Members Tel: +86 21 6445 4592 Fax: +86 21 6467

More information

These registration data can be used for the access to the wide range of services and their functions all around the world anytime:

These registration data can be used for the access to the wide range of services and their functions all around the world anytime: J son and Partners Consulting presents main results of the research of the mobile identity market in Russia and in the world. The main directions of mobile identity sector in the world, existing businessmodels,

More information

Shareholder Presentation

Shareholder Presentation Shareholder Presentation 30 June 2016 Shareholder Presentation June 2016 1 Agenda 1. Introduction 2. Strategy revisited 3. Fleet Systems: Further consolidation 4. Passenger Systems: Update on Region Services

More information

ENERGY PRIORITIES OF THE POLISH PRESIDENCY OF THE EU COUNCIL: THE CZECH PERSPECTIVE

ENERGY PRIORITIES OF THE POLISH PRESIDENCY OF THE EU COUNCIL: THE CZECH PERSPECTIVE ENERGY PRIORITIES OF THE POLISH PRESIDENCY OF THE EU COUNCIL: THE CZECH PERSPECTIVE Petr Binhack Energy Security as a Part of the EU Agenda Energy is an important precondition for European economic development.

More information