If you are planning a business trip in russia and are looking for hotels in a particular area, this is the right place for you!
We offer the easiest and most reliable way of reserving hotel rooms, apartments or private villas in some of the most sought-after business destinations. As most hotels tend to put prices up for the busy periods, we have designed a one-stop-shop making sure you are not overcharged.
We guarantee at least 5% cheaper rates for a hotel room than any standard online booking systems.
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Trade Fair Services has launched an exclusive Frequent Travelers' program where you and your organization can benefit from lowest hotel rates and receive free of charge nights in destinations of your choice.
More than a decade after the collapse of the Soviet Union, Russia is trying to further develop a market economy and achieve much more consistent economic growth.
Russia is the 9th highest in the world, with GDP growth of 6.8%. Growth is mainly driven by non-tradable services and goods for the domestic market, as opposed to oil or mineral extraction and exports. The Russian economy has outperformed expectations from the International Monetary Fund and World Bank forecasts.
Russia's macroeconomic performance in recent years has been impressive. High oil prices and large capital inflows have contributed importantly to this success, but a principal factor has been the combination of strong growth in productivity, real wages, and consumption. Very high levels of education and societal involvement achieved by the majority of the population, including women and minorities, secular attitudes, mobile class structure, and better integration of various minorities into the mainstream culture set Russia far apart from the majority of the so-called developing countries and even some developed nations.
The country is also benefiting from rising oil prices and has been able to very substantially to reduce its formerly huge foreign debt. However, equal redistribution of capital gains from the natural resource industries to other sectors is still a problem. Nonetheless, since 2003, exports of natural resources started decreasing in economic importance as the internal market has strengthened considerably, largely stimulated by intense construction, as well as consumption of increasingly diverse goods and services.
Knowing the importance of oil and gas to the economy, the Stabilization Fund of the Russian Federation was formed by the government in January 2004. This fund takes in revenues from oil and gas exports and is designed to help offset oil market volatility. 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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