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The Changes of Russia’s Business Strategies and their Influences on Mutual Foreign Trade with the EU during the Economic Crisis

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  • Drieniková Kristína
  • Kašťáková Elena

    (Ekonomická univerzita v Bratislave, Obchodná fakulta, Katedra medzinárodného obchodu, Dolnozemská cesta 1, 852 35 Bratislava)

Abstract

The paper analyses the economic situation in Russia during the economic crisis, with a focus on foreign trade relations and changes that have occurred in this period and try to direct the country towards modernization type of economic growth. The change to Russia’s foreign trade policy and investment climate associated with its accession to the WTO play an important part. This membership influenced not only tariff reduction, but at the same time it is a prerequisite for gradual improvement of country’s investment and business environment as well as increasing of its attractiveness. It is also expected to increase the effectiveness of the above mentioned processes of modernization and diversification of the Russian economy. The presented solution is the evaluation of these matters´ impacts on mutual cooperation and on Russia’s foreign trade relations with the EU.

Suggested Citation

  • Drieniková Kristína & Kašťáková Elena, 2013. "The Changes of Russia’s Business Strategies and their Influences on Mutual Foreign Trade with the EU during the Economic Crisis," Studia Commercialia Bratislavensia, Sciendo, vol. 6(22), pages 175-187, June.
    • Handle: RePEc:vrs:stcomb:v:6:y:2013:i:22:p:175-187:n:1
    DOI: 10.2478/stcb-2013-0004
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