A passenger ship on the Moskva river passes the Kremlin. In the background is the skyline of the new Moscow City area, the Moscow International Business Center. (picture alliance / dpa)
According to a new study, Russia offers the best investment conditions for German family-owned businesses among seven major emerging markets. Turkey and China are next on the list. This is the assessment of the economists at the Leibniz Centre for European Economic Research (ZEW) in their study published on Tuesday and carried out on behalf of the Munich-based Foundation for Family Businesses in Germany and Europe (StiftungFamilienunternehmen). Russia topped the list in the study because the country has a well-trained workforce and good financing conditions.
South Africa, Mexico, India and Brazil are in the bottom four places. In the first edition of the country index that was published in 2017 South Africa was still in second place, but according to the ZEW economists it is now in a much worse position, mainly due to corruption, high energy prices and unreliable power supply. German family-owned businesses by no means only include small and medium-sized companies, but also large corporations such as the Hanau-based technology group Heraeus, which is largely unknown to the public, and which achieved revenues of more than 20 billion euros in 2018.
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