Slide tokaev
Read in the current issue

Succession and Modernization

The first steps taken by the new Kazakhstan government have a great significance for this strategically important country situated in the very heart of the Eurasian continent. The most vital issue currently facing the country and its main foreign partners is proceeding with the policy of modernization, which turned the country into an economic and political leader of Central Eurasia under President Nursultan Nazarbayev.

Slide 19
Read in the current issue

Modi: A Watchman in Control

Given its very high ratings, the Bharatiya Janata Party’s victory in the 2014 general election was rather predictable — and still it caused a sensation: The BJP managed to win as many as 282 seats in the 543-seat Lok Sabha, the lower house of the bicameral Indian parliament, and virtually become the sole political leader in the ‘world’s largest democracy’. Compare this with the 159 seats that the BJP, also known as the Saffron Party, ended up with after the previous vote in 2009. The dramatic improvement was attributed by many to the charisma of leader Narendra Modi, who took over as prime minister. Now, the self-proclaimed chowkidar, or watchman, looks back at what was done during his first term in office. Expert views are mixed, with some considering it very successful and others expressing doubts.

Slide chubais
Read in the current issue

The Machine for Innovation

Talking about the achievements of the Russian nanoindustry, the head of RUSNANO, Anatoly Chubais, likes to build his speech around the formula ‘previously there was no, but now there is’. He claims that the industry has met the expectations, and RUSNANO itself has been turned into a self-financing tool for the reproduction of innovations, capable of doubling the number of new high-tech enterprises about once every 10 years.

Slide int skrinnik en
Read in the current issue

Through the Digital Barrier

Four years ago, President Vladimir Putin formulated the national digital transformation agenda that is to become one of the key components of the integrated Russian economic development strategy. The system transition to modern digital technologies and the organization of international cooperation based on a new technological infrastructure are the main directions for revealing competitive advantages and accelerated state development, acknowledges a Russian politician, former Russian Minister of Agriculture (2009–2012) Elena Skrynnik. She has shared her vision of the country’s path through the digital barrier in an interview to BRICS Business Magazine.

Slide guriev ru
Read in the current issue



Slide img 5529
Read in the current issue


What makes big businessmen from Russia different from entrepreneurs in other countries? What are their investment preferences? What problems are associated with large fortunes and who deals with them? Dmitry Breitenbikher, Head of VTB Private Banking answers these questions to BRICS Business Magazine.

    About BRICS Business Magazine

    BRICS Business Magazine is a bookazine —

    a book-like magazine – addressed to global investors, businessmen, politicians, and experts.

    A business and humanitarian publication on rapid-growth markets, it is issued four times a year and explains how to understand others.

    The goal of this project is to organize a direct information exchange between the BRICS countries and other emerging markets.

    We define a bookazine as a thick magazine with complex printing which is designed for slow reading and filled not in accordance with a constant set of sections, but rather in accordance with the topics chosen. Our bookazine includes (with occasional exceptions) three main kinds of data:

    • essays and columns that would fit into “Opinions” or “Recommendations” sections
    • indices, ratings, and rankings
    • business cases

    Industry and event projects as well as investment guides are featured as special add-ons.

    Victory Day, which we recently celebrated, brings to mind not only heroic or solemn images, but also conjures the idea of the "echoes of war". This understanding is most commonly used by demographers, but it can also be applied to economics, psychology and social, political or cultural life. Either way, we are talking about the long-term consequences of a certain shock, an event dramatically changing the usual order of things. Today, no one has yet forgotten the talk that the invasion of the coronavirus would lead to an explosive transformation of reality. But the world hasn't changed beyond recognition, developed countries flooded the impending crisis with an unprecedented amount of financial support, and the apocalyptic mood has disappeared by itself. And yet it is likely that years from now we will be talking about the "echoes of the pandemic".

    The experience of being alone and locked away, the experience of obsessive control and strict regulations, the experience of prolonged fear and inability to comprehend what the near future will be like, the experience of accelerated digitalization, along with which the awareness of the value of live human communication went hand in hand. The pandemic proved to be a test of our ability to adapt, a stress test for individuals, businesses and entire nations. And of course, this test is not over yet. People and companies have already formed new habits, although these habits have not yet solidified. Some people are unhappy, some people enjoy working remotely, but no one can predict what will happen to us in 5 or 10 years (and not just for a few of us, but for millions of people). Some consider the restrictions imposed as inevitable and reasonable, while others are willing to sacrifice their livelihood and change their place of residence for the sake of personal freedom. Security is important to both, but they understand it differently.

    The "echoes of the pandemic" will reverberate in many personal, business, and political decisions (or in the inability to make them). No one will want to return to a state of powerlessness and extreme uncertainty, which means that work will be undertaken around the world to improve predictive and regulatory practices. Algorithms that predict our behaviour and how we react will become ubiquitous, control by states and technology corporations is likely to become stronger, and drug and food security will not be off the global agenda for long. I also see a significant danger in the fact that by defending ourselves against unseen threats, many of us will become even more alienated, although the most healing elixir for planet Earth right now would be mutual trust and understanding. That said, life clearly tells us that we must be able to not only save and earn, but also benefit by giving back. Without a conscientious accounting of non-financial, non-materialistic indicators, we will never get on a sustainable development path. To understand this is to learn one of the most important lessons of the pandemic.

    Official partners

    Logo nkibrics en Logo dm arct Logo fond gh Logo palata Logo palatarb Logo rc Logo mkr Logo mp Logo rdb