and already expected to play some good game. goodish bill up to the front coach joachim nerve and his players know that success at euro 2020 will be an uphill climb up next it is business news with my colleague stephen beardsley. thank you so much for joining us on the w. i'm sarah kelly in berlin pick and choose ah canada. and if you are not allowed to see you anymore, we will send you back. are you familiar with this? with lions. what's your story?

i wasn't, i was women, especially victims of design and take part and send us your story chain. always understand this new culture. so you are not the visitor not against you. want to become 2nd info, migrants your platform for reliable information. the prussia rolls out the red carpet for foreign investors. but how convincing can moscow be with domestic buying power down on a shrunken rouble and a turbulent relationship with the west that's resulted in sanction after sanction. we'll go to our correspondent in st. petersburg also and to show what has 6 legs and 7 times a fatty acid. it's the bug that's being raised and roasted as your next snack will

look at the growing market for edible insects. hello, welcome to the show. i'm seeing beardsley in berlin. well, today, russia kicks off its annual economic form in st. petersburg. the focus is likely to be on pandemic recovery, as well as infrastructure plans. and of course, the disruption caused by western sanctions. now the you and us of applied those sanctions over years 1st for rushes, illegal annexation of crimea from ukraine and 2014 later presenting russian troops, the eastern ukraine and supporting separate is there more recently following its poisoning of regime critic alexis volney. now, last year was a setback for trade firms from germany, one of russia's biggest trading partners, pulling back as the pin demick loomed over a country heavily dependent on oil and gas. but russia appears to have withstood the worst. and his own course for a better than expected recovery. german firms already investing more than 1000000000 euros in the country. and the 1st quarter of this year. now for many

foreign companies, rush remains a promising market. even if it's often an unpredictable 1. 50 tons of paper are printed here each day with more than a 1000 different patterns. they're mainly used in furniture production. behind it all is shot the core, a medium sized german enterprise. this plant near moscow is one of 16 around the world. and one of the company's most successful of using the $4000.00 hager committee. we came here in 2000 to scott and we were one of the 1st in our sector to do that. and was, there are no major local rivals here when we 1st started to do our homework and make sure it was top quality. and it wasn't easy. after about 2 years, russia was at our feet and emitted woodlands for susan. in german products and technology are visible across russia. companies from germany,

i've been investing huge sums for years, multinational like siemens, mercedes volkswagen in bosh, and medium sized enterprises and agriculture, construction and machinery. after a week, fantastic year businesses are now seeing a recovery in russia. you start to seek on $35.00 and siding. the statistics and surveys show that cells are fairly high. that's with all that. i don't fancy in the 1st quarter of 2021. that investment was around 1100000000 euros. that's a very high mountain website. the world's largest country by surface area remains attractive to foreign investors. but those doing business here need to have staying power. while many companies are concerned about red tape protectionism and follicle exchange rates shot the course adjusted to the landscape in the past 2 decades. now it's more worried about growing competition from russian companies and they go

with perhaps one of the biggest problems is consumer purchasing power. it has suffered in recent year, and i noticed that among my employees as well since 2014, the rugle has been worth only about half of what it was. and of course the salaries have not doubled during that period. i mean, he showed up with him the site still. russia is a huge market that is likely to remain attractive to foreign investors despite the risks of doing business here. and are moscow bureau chief, your rochette to join me now from st. petersburg. he's out that form, you're welcome. you mentioned a number of problems for businesses in your piece. an unpredictable currency bureaucracy, inadequate safeguards. what willing willingness rather has the government shown to address these structural issues. essentially. i steven, yes, president, let me put in announced recently that russia should become more attractive to domestic investors. that the government should, to work on increasing investment by 70 percent over the next 10 years. but to reach

this goal, the state has to solve 3 problems, according to the rational president. first economic infrastructure should be built or renewed. that means building you highway, railway bridges, and your power rates. and so one second leave, the government has to improve the lows for long term investors. and that's exactly what my report was about. is the need for predictable economy clause the so think putting wants to the government to do is to minimalize bureaucratic, heartless problems for investors. that's what the putin announced. but reality is different as even doing business here means risky, because the courts are not independent. and as a loss of very vague, rational human rights activists speak about this is so called the rubber laws. there is a lot of scope for interpretation and the last can be applied according to whatever the current political climate is. how badly has russian economies suffer during corona and how do the prospects currently look for recovery? well, that's just economy has suffered

a lot assert of all companies in direct more than a 1000000 companies have to close, which is to, into the house times more than in the previous year. more than 60 percent of all companies didn't have enough savings. you might call the financial padding to survive crisis, and that is just by the fact that the, the fool of down here in russia was very short. it only lasted to just over 2 months. the states did offer health, but only 10 percent of companies applied for it because of the bureaucratic cordless was too high and was the actual mattress was not very effective. you know, so much about these problems. drugs, for example, is overseas investment, really a series priority for russia given its focus on oil and gas, for example. it was well the sale of oil and gas accounts for 20 percent of russia to g d p almost half of tax revenues and 60 percent of excellence . that's a lot of money, which is a blessing the curse for that stage. why? because of the drop in the oil price in 2020, the russian state,

last billions of euro's ration need for those exports. the more oil and gas russia exports, the, the more money it has in the treasury, and then it can distribute to that money. for example, it can invest in foreign machines and technologies in this respect, all and gas prices have a direct impact on foreign trade. but the problem is, is that the gas and oil will definitely run out at some point. also, no one knows how fast that of eligible speech to alternative or green energy. all right, your shots are moscow bureau chief in st. petersburg at the moment. thank you very much. let's take a look now at some other business stories making headlines. you has reached the deal to force large corporations to publicly declare how much tax they pay in each member state. the so called country by country reporting will apply to any major company with a headquarters in the view or significant turn over their companies will also need to disclose the number of employees and profits oil cartel. opec and its allies

have agreed to maintain plan production increases as demand for crude recovers the $23.00 nation opec plus alliance implemented sharp output cuts to mitigate losses last year. following a price crush results from the cobra. 1900. pandemic economic fall out growth in brazil, return to its pre pandemic level of 1.2 percent during the 1st 3 years of 3 months rather 2021 lot. america's largest country, benefiting from the easing of covered $900.00 restrictions. despite the countries ongoing struggles with a panoramic last year, brazil's annual g d p contract it by record 4 point one percent and speaking a brazil giant underwater cable connecting europe to latin america via portugal and brazil has been inaugurated ella link as if known, is considered a big step in connecting the to confidence, european official say it will help share information and develop the data economy. will insects have long been a part of the died in asia and africa in europe?

not so much habits, of course, changing, especially as people avoid more animal products and some c, a market developing their well today the european commission has officially declared mealworms to be food. it could be a game changer for insect farmers, many of whom are operating under temporary licenses. they're hoping to grow their businesses and turn insects into another source of protein for europeans, even if just in each one are poor, large halter visit, one of germany's largest insects farm insect farms. and soon as this report, snip thing in a little town in southern germany, not far from where the danube river starts. its long journey east is a small church and feels as far as the i can see. and it is right here where you can catch a glimpse of the future of our food. and these guys have nothing to do with it. know, we're looking at another source of protein and it's coming from this rather non

descript place to huge factory buildings. the farm is called 6 feet to eat, and they're raising meal worms here. these tiny insect just over 2 centimeters long could be key to feeding the planets in 2nd part to even to succeed in a rich and protein living up to 70 percent of their entire masses protein. in addition to that, they're also rich and healthy. omega 3 fatty acid fisher, somebody's like fish tissue except with fish. you have a 2 percent, sharon, the mega 3 fatty acid for somebody. and some in say, my especially the meal was nice housing over 14 percent to 47 times as much for me . i said so and split this even 5. literally millions of insects are being raised here. mealworms crickets, grasshoppers. each breed with very particular needs lakes. 30 temperatures of up to

40 degrees. the insects live for just 4 to 5 weeks before they make their way into a fridge fall into a deep sleep. that ends in a roasting oven there packaged and sent to stores, restaurants, or straight to consumers who are currently paying premium for the product. but with the u. paving the way the company hopes to produce cheaper soon kept sending up in these in new york city. there were some insects ideally suited for ethical factory farming, like the meal cricket. currently establishing some level of automation in our processes to get away from a lot of the manual labor that is currently needed. and that's a way to cut costs and what it will help bring the consumer prices down to push the phone can when the speaker secrets recent in place, me know. but what about all those people who can't stomach bug on their salads or the pastor? this while they can go to the noun, becca, cook, heinlein is

a baker noun back, and he has been specializing in interesting ingredients like spells or insects. his insect bread contains 20 percent me a warm flower, its pricey at over a year for a small loaf. but customers have quickly taken an interest as a give on looking to say, a positive, but we were positively surprised, especially with regards to our older customers. we thought that the younger generation would be more likely to try out something new, but in fact, it was the overseas room. and that got really excited about how many even tried to hold me a worms to tom reason enough for the baker to hope that his store stays busy and customers are enjoying more of his experiments. alright, his reminder of our top story, this, our russia's annual economic forum in st. petersburg kicks off wednesday. focusing

on the recovery from the pandemic and on western sanctions that have long disrupted business in the country. and that's it from the energy business team here in berlin . always can find out more about these other stories online, d, w dot com slash business. thanks for watching. the news . the gold rush and the amazon. it's the truth for the chief of the mood to contrive. the more expensive the nova metal becomes, the deeper illegal gold miners penetrates to personally and rain for the guardians, the forest, the more ducal has clearly any chance of protecting the world global

3000. next on dw, we've got some hot tips for your budget, lift the magic corner for, for me, and some great filter memorials to boot the w travel off. we go the welcome to global 3000. life begins at 70, we find out why many older people in japan shunning the idea of retirement waste disposal in south africa. we learn how

a small startup is moving mountains when it comes to recycling. that 1st we go to the rain forests of brazil.