Summer School “Doing Business in Russia”

On August 16 – 30 Summer School ‘Doing Business in Russia’ was held in UNECON. 17 students from China, Taiwan and Hong Kong spent two weeks at UNECON to explore Russian business, economy and vivid culture of St Petersburg.

In workshops students were familiarized with some aspects of Russian culture and mentality which influenced business world in Russia in a significant way. «First of all, the professor gave us some basic economic concepts of business and personal life such as personal truths, soul, friendship, circle of trust, time and money. It is important that we need to learn these six concepts to analyze the business situation in Russia» (Shu Ting Ho, a Hong Kong student).

Students got an insight of the Russian investing environment, taxation and financial system, analyzed economic relations between Russia and their countries, learned how political situation affects the Russian economy. «Professor told us 7 stages about how to register a branch of the foreign legal entity. We also learned about differences between a branch and a representative office about minimum wage, work visa and permits in Russia» (Yu Hoi Yiu, a Hong Kong student). «We were provided with three quantitative indexes in order to help us analyze our project with economical mind. Therefore, in our project, we will be able to calculate roughly whether it is reasonable or not to begin our business and how long we will reach the break even point» (Li Wangyu, a Chinese student)

To compare business style in Russia and their countries students had a chance to interview owners of small enterprises in St Petersburg.

Knowledge and skills gained during Summer School helped students to complete projects on entering St Petersburg market successfully. Four groups introduced thorough business plans for opening café, hostel, bar and online fashion store, having provided every single detail from interior decorations to PR campaigns and expenses calculations. Students have proved themselves as definitely strong future competitors in the market, no matter Russian or Chinese. Basing on the results of projects competition, jury chose the team winner and the individual winner.

Lectures and workshops were complemented in Summer School Program with sightseeing tours to Hermitage, famous Peterhof park, theatre visits, study visits to Baltika brewery (the largest Russian beer exporter and the second biggest brewery in Europe) and to the newly built St Petersburg’s branch of Nissan.

«I used to think Russians are cool and hard to communicate. However, after spending two weeks here, I found most of the Russians are really nice and love to help foreigners. I didn’t do research before I came here, and I found that the view/scenery here are just amazing and out of my expectation. The staff is really nice and they never hesitate to help us, the facilities are great too» (Lau Chun Kit, a Taiwanese student).

«The most interesting part of the School was to talk to the instructors, because they are very helpful, competent and willing to answer our questions» (Wang Miao-Yin, a Taiwanese student).

«I really enjoyed watching the Swan Lake ballet, having visits to museums and cultural places in the city. Cooking class was also very nice and I will definitely cook Russian dishes when I come back home» (Cheung Suet Ting Fiona, a Hong Kong student).



Contact information

191023, Russia, St. Petersburg,
Griboedov canal emb., 30-32

Department of International Cooperation
+7 812 7105644