How safe is RCHE
From the time you submit your
application, RCHE team will be
with you every step of the way
as you make important
decisions...more
From the time you submit your
application, RCHE team will be
with you every step of the way
as you make important
decisions...more
Visa
RCHE offers “On Hand” visas
& excellent visas consultancy
to arrive to your destination
easily…more
RCHE offers “On Hand” visas
& excellent visas consultancy
to arrive to your destination
easily…more
Travel
Travel around the Europe most
beauties places with special
travel packages...more
Travel around the Europe most
beauties places with special
travel packages...more
RCHE Step by Step Guide
Step up with Easy application
process online 'step by step'
guide for new students...more
Step up with Easy application
process online 'step by step'
guide for new students...more
Get Registered with RCHE
Register with RCHE for a
personalized services and get
all the new updates...more
Register with RCHE for a
personalized services and get
all the new updates...more
Job
Maintains an excellent and
comprehensive work abroad
Program Short Term work,
internship, and volunteer
programs...more
Maintains an excellent and
comprehensive work abroad
Program Short Term work,
internship, and volunteer
programs...more
ECONOMY IN RUSSIA
Economy
Russia saw its comparatively developed centrally planned economy
contract severely for five years, as the executive and the legislature
dithered over the implementation of reforms and Russia's aging
industrial base faced a serious decline. However, Russia's
economy has adapted relatively quickly from the world's largest
centrally planned economy to a market economy. Russia ended
2006 with its eighth straight year of growth, averaging 6.7% annually
since the financial crisis of 1998, despite high negative population
growth. Although high oil prices and a relatively ruble initially drove
this growth, since 2003 consumer demand and, more recently,
investment have played a significant role. Russia is well ahead of
most other resource-rich countries in its economic development,
with a long tradition of education, science, and industry. Oil
and gas contribute to 5.7% of GDP and the government predicts
this will drop to 3.7% of Russia's GDP by 2011. In January-June
2007 foreign investment in the Russian economy doubled
year-on-year, reaching $60.3 billion. Total investment in Russia's
economy in 2010 will reach $360 billion, 800% growth since 2000,
a Russian deputy prime minister forecast. Investment in Russia's
fixed assets are expected to double on 2006 figures by 2010 and
reach $370 billion in line with a conservative forecast. In 2000 total
investment in fixed assets was $40 billion, giving growth of 300% by
2006. At least $1 trillion will be invested in Russia's infrastructure
before 2020, the acting economic development and trade minister
said in September 2007. Russia has the largest known natural gas
reserves of any state on Earth, along with the second largest coal
reserves, and the eighth largest oil reserves. It is the world's leading
natural gas exporter and the second leading oil exporter.
Russia saw its comparatively developed centrally planned economy
contract severely for five years, as the executive and the legislature
dithered over the implementation of reforms and Russia's aging
industrial base faced a serious decline. However, Russia's
economy has adapted relatively quickly from the world's largest
centrally planned economy to a market economy. Russia ended
2006 with its eighth straight year of growth, averaging 6.7% annually
since the financial crisis of 1998, despite high negative population
growth. Although high oil prices and a relatively ruble initially drove
this growth, since 2003 consumer demand and, more recently,
investment have played a significant role. Russia is well ahead of
most other resource-rich countries in its economic development,
with a long tradition of education, science, and industry. Oil
and gas contribute to 5.7% of GDP and the government predicts
this will drop to 3.7% of Russia's GDP by 2011. In January-June
2007 foreign investment in the Russian economy doubled
year-on-year, reaching $60.3 billion. Total investment in Russia's
economy in 2010 will reach $360 billion, 800% growth since 2000,
a Russian deputy prime minister forecast. Investment in Russia's
fixed assets are expected to double on 2006 figures by 2010 and
reach $370 billion in line with a conservative forecast. In 2000 total
investment in fixed assets was $40 billion, giving growth of 300% by
2006. At least $1 trillion will be invested in Russia's infrastructure
before 2020, the acting economic development and trade minister
said in September 2007. Russia has the largest known natural gas
reserves of any state on Earth, along with the second largest coal
reserves, and the eighth largest oil reserves. It is the world's leading
natural gas exporter and the second leading oil exporter.
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The Safest & Trusted Way To Study Abroad
STUDY & WORK ABROAD
