game for example called if you cold been in season. quick reminder now the top stories that we're following for you of lattimer putin has been sworn in for another six years as russian president it will be his fourth term in office a disputed election in march saw him reelected with more than seventy percent of the. thanks for watching i'm sara kelly in berlin have a great deal. of blessing. and a curse. of nature and inescapable. monsoon. the tropical first month community. leaders are seeing some come to. some simpler. terms of destruction.

monsoons starting to return to. russia's vladimir putin is sworn in for his fourth term as president so. business leaders expect him to deliver on promises he made to revitalize the economy also coming up. one here on your money where my point in the eighty's it would take stock of my course to impact on the french economy. but come to your business a lot of new putin has been sworn in again as russia's leader after eighteen years

in power and he's beginning his fourth term in the kremlin with promises to revise . ally's the country's economy growth is expected to reach one point seven percent this year as according to a world bank forecast investors say resurgent oil prices are bolstering the economy despite moscow being squeezed by western nations sanctions runs up and risks remain puttings economy needs to modernize if it's to be a global player in the future. russian president vladimir putin can point to a number of positive economic developments during his time in power inflation has been kept low public debt to all while the standard of living has increased but he says there's more to be done in the wolf. because of the structural problems and make sure our economy grows faster we need new sources of growth production needs to become more efficient business needs to be modernized we need new technology in manufacturing. if nobody so almost certainly looked at no. one area where new

technology is already in use is in russia's oil and gas industry the energy sector is hugely important for the country's economy accounting for almost sixty percent of exports in other areas though russia struggles to compete on the global market. in the past several years the government's focused on promoting major industries some would say to the neglect of small to medium enterprises government spending has risen to seventy percent of g.d.p. . this big gold rush made it possible to put painful but necessary reforms on ice reforms are always associated with risks because they lead to a temporary drop in the standard of living in the. german investors appear willing to do business in russia many of them are bringing new technology with them too there are challenges though. ones

eat the corpse you're nothing for and she remains an obstacle here in russia but not as much as it was ten to fifteen years ago corruption has slipped down the ranks to place for five in terms of disruption to business this is definitely a very positive trend and the biggest problem is too much red tape and a lack of financing. structure when we feel in the finance your home borrowing money is still expensive in russia the banking sector has been in crisis mode for years bush's military operations abroad in place of the just syria are also expensive money for modernizing infrastructure at home a main scarce. as russian celebrate the arrival of spring analysts are wondering what putin will do to foster a new era of economic growth. let's talk a bit about this now joining me here in the studio fucka tyo from the association of german chambers of industry and commerce good to have you with us so from the

german business perspective what is the state of the russian economy right now the mood among german investors has risen recently we have more than five thousand german companies very active in russia after yes three four years of an economic slump the mood is much better and economic growth is back and trim and investors are investing ok so where is this growth actually coming from what we've heard that the world bank expects russia to grow one point seven percent this year despite those ongoing and now even a new round of sanctions are the having any impact at all. first of all we have a relaxation in gas and oil prices and russia is very dependent on commodities and so far the recovery is really as the ground on this recovery of commodities second is russia has improved in the ease of

doing business in the index of the world bank by eighty ranks now it brings by around about thirty fifth rank and that means a really improvement so there is an improvement in red tape and there is an improvement in establishing a business so things are better than previously so so clearly the business perspective is very separate from the political perspective here i mean we have a putin now a fourth term in the kremlin he wants to as he says himself revitalize the russian economy if you gave him some advice what would you say has to be on top of his to do list first of all the german and the international business related to russia was really affected by the sanctions of the european sanctions the u.s. sanctions and now we haven't sharpening of the u.s.

sanctions again so this brings really worries to german business and this is due to a concentration of russian business to some oligarchs which is still the case so there need to be a more decentralization of the russian economy to other business people open up the business break up not only concentrated to oligarchs and the second is research and development and education you don't have a middle stand as a me this is due to a lack of productivity although the labor the workers are really stick to their companies we miss productivity and for that we need for instance book asian education and training all right sis for the trial from the association of german chambers of commerce and industry thank you so much for being in the studio today. it might be best known for nes cafe the world's top selling instant coffee but now

swiss food giant nestle is teaming up with coffee chain starbucks nestle set to pay starbucks more than seven billion dollars to form a global coffee alliance that will allow it to market starbucks products outside of the american companies coffee shops starbucks hopes this will boost its food and coffee products which already generated around two billion dollars in annual sales and nestle expects the deal to strengthen its position in the north american market . shares and tumbled on the paris stock exchange following the departure of the troubled airlines c.e.o. all. announced his resignation friday nights after staff rejected a pay deal this follows a wave of strikes that have cost the carrier three hundred million euros france economics minister said sunday the airline survival was at stake and that the government would not step in to rescue it but the efforts crisis is just one of many challenges the government is currently dealing with one year into emmanuelle

presidency opinions are divided whether his sweeping reforms are good for the country. economists say emmanuel mccall has changed more in twelve months than his predecessors did in years. despite heavy resistance he has managed to implement reforms pushing for more flexibility in france's rigid job market. and now his changes are beginning to bear fruit unemployment has fallen by half a percent since he took office. this year the french statistics bureau expects the economy to post its highest growth in eleven years. speaking at the world economic forum back in january mccall appeared confident about france's position in the world ladies and gentlemen my my my first missy he said france is back france is back it's a call for europe. his pledge to support young entrepreneurs is being fulfilled

with ten billion euros worth of funding towards innovation and the results are visible the number of startups has increased by double digits since mcallen's election foreign investors are showing interest again having previously long avoided friends. the most beautiful for pm and your friends has changed a lot globally like when you go abroad you talk about emmanuel my kong whether it's in germany or the united states. where you're going this is a real break from what we saw in the past. france is perceived more positively by investors buddy that it. back home once france to become a nation of startups but only time will tell how many companies survive without the government support but the improving economy hasn't translated into popularity for the president one survey showed sixty percent of the public are unhappy with their

government trade unions have paralyzed public transport with strikes in response to plans to cut benefits and france's heavily indebted state railways micron's intention to end early retirement for new hires has been met with particular resistance. but so far the president has vowed to press on with his reforms. german industrial orders fell in march for the first months in a row analysts had been expecting a return to growth after a drop off three and a half percent in january february slight north point two percent for looked like a rebound so the decline of nine tenths of a percent for march came as a surprise the german government said the downturn was due to low forand amounts but it said that the industrial sector still has a backlog with plenty of orders to keep work going. crude oil prices rose to the highest level since twenty fourteen this monday despite reports that oil stocks in

the united states are growing so what is going on in the price of brant crude oil has gone up by sixty six percent since last summer one barrel of the black stuff currently costs just under seventy six u.s. dollars the main reason seems to be saudi arabia throttling back supplies all the political risk factors in. possible u.s. withdrawal from the iran nuclear agreement. that's your business update here on w. you can always find out more online or if you follow us on social media i see in the next hour by. the time to.

grieve. for this part there simply have to be. a celebrity for. german what are you going to. stop. me now from hong next march.

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