The Nations Most Hospitable To Investors - Forbes.com Moscow Times has recently reported the February 3rd Forbes Magazine article ranking nations as hospitable for investors. Russia ranked near the bottom of this listing (103 of 135 nations ranked). Per the Moscow Times article, reasons cited include:
A weak banking system, lack of trust in state institutions and corruption were ... reasons for Russia's poor ranking. The main bright point for Russia is its relatively low corporate tax rate, Forbes said.I am sure there will be some happy Russian blog-troll (I can't imagine who) that will cite corruption in the US - particularly in light of the Enron fiasco and the Jack Abramoff scandal - and try to imply that corruption in Russia is no worse than the US, and that this is another example of unfair Western media bashing of Russia.
"While trade and GDP growth are comparable with the likes of China, corruption heavily weighs Russia down," Jack Gage, Forbes associate editor and a co-author of the report...
Please. Save your breath.
While corruption is difficult to quantify, you will not find seminars in the US explaining how to deal with corrupt bureaucrats - as you will in Russia. I've never spoke or met with a Russian who didn't cite corruption as a problem, and make some black jokes about the topic.
Conversely (and perhaps perversely) Forbes also Ranks Moscow as one of its top 16 Business Trip destinations. Forbes rather shallowly writes of Moscow:
Moscow: Take a private tour of the KremlinSo, to summarize .. the advice from Forbes is to go blow your money on an over-rated hotel and tour in Moscow ... conduct some business exploration for the tax right-off ... but God forbid, don't really invest your money. I guess I should be thankful that they didn't cite casinos and strippers as a reason to visit Moscow ... No wonder the impression of America is in decline in Russia ...
Touring the Kremlin with a private guide may be more expensive than going it alone, but it's worth your time and money to avoid getting lost among the palaces and cathedrals, not to mention gain a better understanding of the site's significance in Moscow's history. The tour will take about three hours and costs $30 per hour, but you won't waste time standing in line: the guide will escort you through the fast way. The concierge at the Metropol Hotel, one of the city's oldest and grandest--and located a short walk away, will be able to arrange tours.
Where to stay: Nightly room rates start at $420 at the Metropol Hotel. For more information, call 011 7 499 501 78 00 or visit www.metropol-moscow.ru.
PS ~ Forbes also ranks Russian Chechnya as one of its top 16 most dangerous places to visit.