Fill in the gaps with the most suitable word from your active vocabulary

1. The volume of car manufacturing is rising again. It means that Russian …………….. industry is recuperating from the crisis.

2. The government is eager to ……….. many innovative projects.

3. The market is relatively free from ……… competition now.

4. It is estimated that the number of ……….. and ………..-………… ………. can be increased by 50 times in the pharmaceutical industry and bankery sector.

5. Nuclear power plants have recently signed a ……… venture with Toshiba to develop cutting edge power plants.

6. The …………. Industry is now the world’s second largest behind European Ariane 5.

7. The mineral-packed Ural mountains and the …………. oil, gas, coal and timber reserves of Siberia and the Russian Far East make Russia rich in natural resources.

8. The Government must take efficient measures to ………. stability of the country.

9. China is now Russia’s fourth largest ………..partner.

Task 3

Translate the sentences into English using the topical vocabulary of the unit.

1. В России развиты следующие отрасли промышленности: нефтяная, газовая, угольная, лесная, пищевая, машиностроительная.

2. В настоящее время необходимо развивать многие секторы внутренней экономики.

3. Осуществление финансово-бюджетной политики страны направлено на восстановление экономики.

4. Значительно увеличился торговый оборот со странами СНГ.

5. Снижение цен – результат жесткой конкуренции.

6. Россия богата природными ресурсами.

7. Правительство принимает определенные меры чтобы обеспечить развитие предприятий малого и среднего бизнеса.

8. В мире сильно возросла потребность в специалистах по нанотехнологиям.

9. Нельзя отрицать важность создания совместных предприятий с иностранными компаниями.

Pre-reading tasks

Task 1

Answer the questions

1. What industries are highly developed in Russia?

2. What companies in Russia can you think of? What do they produce? Are they known in the world?

Do you agree that the problem for innovative Russian companies is that they are playing catch-up with the established brand names?

3. Which countries are the main trade partners of Russia?

Task 2

Read the joke and say why business in Russia began to develop only after the collapse of the Soviet Union.

Definition of political systems

Socialism

If you have two cows, you give one to your neighbour.

Communism

If you have two cows, you give them to the government and the government gives you some milk.

Fascism

If you have two cows, you keep the cows and give the milk to the government: then the government sells you some milk.

Nazism

If you have two cows, the government shoots you and keeps the cows.

Capitalism

If you have two cows, you sell one and buy a bull.

Task 3

Read and translate the following international words and word combinations. Practice their pronunciation:

Business, resource, company, reserve, vertical - vertically, control, image, lead – leader, surprise, negative, base, origin – original, investor, conflict, structure, category, system, start, strategy, problem, limit – limited, multinational.

Reading