Russia is Taking the Global Step

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1. When Russian companies step into a global marketplace, they find many of the same challenges and issues that international players coming to Russia find. The laws and customs and systems are different. The Russian companies looking to move into markets in Asia and Europe, and in emerging markets, will need to understand a different business culture and legal framework, and ensure they have good advice on how best to work in that marketplace.

2. The attractions of Southeast Asia are the rapidly growing economies of the region. The traditional leading regional economies of Singapore, Malaysia and Thailand, Indonesia, which are setting ambitious infrastructure investment as the cornerstone of its economic growth plans, and Myanmar, which is coming in from decades of economic isolation, are getting increasing attention. The experience of companies moving into the Southeast Asian market has demonstrated a very good understanding of the market. It is known that one of the most important first steps is to get good local advice. Not only legal advice, but general advice to assist in taking political and legal risks.

3. Russian companies moving into Asian markets are often attracted to China primarily for its growth and size. But increasingly they are finding that investment opportunities in Southeast Asia are too good to be ignored and making the move. The future of Russian business will depend not only on Russia attracting international players to its markets, but also on Russian companies making greater inroads internationally. Only a decade ago it was only Russian energy giants, or resources producers, that had moved into the global marketplace. But more and more, they are being joined by infrastructure and construction companies, machinery and equipment manufacturers and Russian mobile telecommunications operators. More Russian corporate players can be expected to follow.

B. Mark the sentences a) T ( True )

b) F ( False)

c) NG ( Not Given )

1. Only a decade ago it was only Russian energy giants, or resources producers, that had moved into the global marketplace.

2. Many businesses and clients do not try to replicate their business models from home in Asian markets.

3. Russian companies moving into Asian markets are often attracted to China primarily for its business culture and laws.

Variant №5

I. Match the words with the definitions.

1. account a) an amount of money that a person borrows from a bank

2. loan b) a rise in the number, amount, or degree of something

3. cash c) the work done by banks and other financial institutions

4. delivery d) someone who pays money for something

5. accommodation e) an arrangement in which a bank looks after your money

6. increase f) the process of bringing goods to a place

7. payer g) money in the form of notes and coins

8. banking h) a place for someone to stay, to liv

II. Complete each sentence with a word from the box.

customers prices mortgage output agreement bonus negotiations global

1. When did the two countries sign this …….?

2.......is how much of the product or service the company produces.

3. Thanks to the Internet, we are now living in a ……. village.

4. If you want to borrow money to buy a house, you should ask the bank for a……

5. And you get a special ……. if the company’s sales go up by more than 15% in the year.

6. Sometimes we have difficult ……., but we usually sign a new contract in the end!

7. They have high…….compared to their competitors, but the equipment is very high quality.

8. Our main…… are hospitals, mostly in Europe and North America, but we have also entered the market is Asia.

III. These are confused pairs of words. Choose the correct alternative for each sentence.

ECONOMY / ECONOMICS

a) The government has promised to boost the flagging ……

b) Dillon studied …… at Manchester University.

1. JOB / WORK

a) I am busy at the moment – I have a lot of ……

b) My brother has found a good ……as a sales manager.

2. INTEREST / PERCENTAGE

a) We can show you how you can earn a higher rate of……

b) Calculate what …..of your income you spend on food.

3. EMIGRANT / IMMIGRANT

a) An……is someone who leaves his country of origin to settle in another.

b) It is not easy being an illegal…..

IV. a) КОПР №3, 4.

b) Choose the correct option a-c to complete the sentences.

1. We........ to an agreement on the terms of payment before you arrived.

a) have come b) had come c) came

2. The company representatives.......... a contract for 2 hours.

a) have been negotiated b) have been negotiating c) have negotiated

3. They were one of our biggest competitors, but they.........bankrupt last year.

a) went b) have gone c) had gone

4. I.......working as a freelance consultant in 2004.

a) start b) started c) have started

5. We......... any final decisions yet.

a) didn't make b) haven't made c) have made

6. My boss was in a very good mood today because he........a better price for some components.

a) negotiated b) had negotiated c) has negotiated

7. We.........this product since the beginning of the year.

a) were producing b) produced c) have been producing

8. She....... here for long.

a) hasn't worked b) hasn't been working c) wasn't working

V. Rewrite the sentences in the passive.

1. We arranged a meeting.

A meeting........by us.

a) is arranged b) was arranged

2. She didn't sign the contract yesterday.

The contract.......by her.

a) wasn't signed b) isn't signed

3. Henry Ford invented the assembly line.

The assembly line.......by Henry Ford.

a) is invented b) was invented

4. They have just adopted the annual budget.

The annual budget........by them.

a) was just adopted b) has just been

5. This international company publishes these books.

These books........by this international company.

a) publish b) are published

VI. a) КОПР № 1

b) Complete each sentence with a verb in the correct form, - ing or to...

1. After hours of negotiating, we managed........an agreement.

a) to reach b) reaching

2. Younger people prefer........for items electronically.

a) to pay b) paying

3. There is no need..........a chief marketing officer.

a) to hire b) hiring

4. We determined.......... the project by the end of the next year.

a) finishing b) to finish

6. They guarantee.........the work before 5 o'clock.

a) to finish b) finishing

VII. Translate the sentences from English into Russian.

1. The interest rate is usually set by the central bank of a country, which also

serves as a lender for commercial banks.

2. When buying houses many people take out mortgages from commercial

banks. If the interest rate increases, the mortgage becomes more expensive.

3. If the interest rate is low, companies invest and expand their business, the

national currency value falls and national goods and services become cheaper

for foreign buyers. Export begin to grow and more money comes into the

economy.

VIII.

A. Read this text

Banks and Banking

1. A bank is a financial institution that works with the money that the people give it. If you give your money to a bank, it not only protects it but pays you interest rates so that it can work with the money. This is one of the reasons why people save their money in a bank. Without banks the world’s economy would not be able to grow. Investors would not find the money they need for new projects. Industries could not buy new machines and modern technology.

2. Banking has a long tradition. In Mesopotamia bankers kept gold and silver for people and lent it to others. Ancient Rome and Greece had similar banking systems to the ones we have today. During the Middle Ages Italy was the centre of European banking. Florence and Venice became known as two cities in which many people earned their money through banking. The Medici family dominated Florence for over two centuries and set up Europe’s largest bank in the 15th century.

3. The first worldwide banking crisis emerged during the Great Depression in 1929. Many citizens lost their jobs and their savings as banks crashed. In 1933 American president Franklin D. Roosevelt signed a bill in which the government guaranteed the savings of depositors if a bank went bankrupt. In 2008 a banking crisis hit America and spread throughout the world. Banks gave homeowners mortgages without checking their financial backgrounds. House prices began to drop and banks lost a lot of money. Governments in many countries had to give them money and prevent them from becoming bankrupt.

4. The world’s largest banks are located in Europe, the United States and Japan. In most cases they operate in many countries of the world. Modern banks offer their customers many other services as well. They tell them how they can make money with investments in stocks and bonds. Credit cards are given to customers as a cash-free way of buying things.

B. Mark the sentences a) T ( True )

b) F ( False)

c) NG ( Not Given )

1. If you keep your money in a bank, it not only protects it but pays you interest rates.

2. The first worldwide political crisis emerged during the Great Depression in 1929.

3. The banks give customers cheque books and credit cards to use instead of cash.

Variant № 6

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