Investing in Russia: dare to earn

Mr. Frank Schauff,
CEO, Association of European Businesses in the Russian Federation

1967 - Born in Germany
1992 - Graduates, University of Cologne
1993 - Receives his masters degree, London School of Economics and Political Science
2000 - Receives his PhD in East European History, University of Cologne
2001 - Advisor on Foreign Policy to the Party Executive of the Social Democratic Party of Germany
2003 - Lecturer in East European Studies, Free University in Berlin
2007 - Chief Executive Officer, Association of European Businesses in the Russian Federation

Despite the European Union’s criticism of Russia, foreign investors are continuing to develop their business interests in the country. European direct investments into Russia for the first half of 2007 amounted to about the same as that for the whole of 2006. Will this trend remain and what needs to be done to continue this growth? What attracts foreign investors to Russia and how will their businesses survive in the economic climate? The newly appointed Chief Executive Officer of the Association of European Businesses in the Russian Federation - Mr. Frank Schauff is our guest in the studio today to answer these questions.