| Author: | Noelting, A. |
| Title: | Perpetum mobile = Making business in Russia without Hermes credit |
| Journal: | Manager Magazin
1993 : APR, VOL. 23:4, p. 172-181 |
| Index terms: | INTERNATIONAL TRADE GERMANY RUSSIA GOVERNMENT |
| Language: | ger |
| Abstract: | The activity of the German trade company , Thyssen Handelsunion AG, in Russia is described. While trade between Germany and Russia practically does not function without state guarantee, the Duesseldorf firm /turnover of 15.6 Mrd DEM, 28 700 employees/ is very successful in the Jaroslawl oblast /300 km from Moscow/ without Hermes-protection. The have got a pipeline contract of 600 000 M DEM, but the business in the region seems to be a perpetum mobile: the company receives nearly automatically new orders. The chaotic environment and the political conditions, under which business is being made in Russia today, are described, as well as Thyssen's practices and experience. |
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