Abstract
SUMMARY In Germany small businesses seem to dominate Russian investment activities in number. Larger, export-oriented Russian companies, mostly from the raw materials sector, use Germany as an entry to Europe-primarily to the old EU member statesutilizing its technological and intellectual infrastructure. However, the majority of investment activities are unspecific and insignificant. Driven by market seeking motives, the Russian companies have established primarily representative offices and marketing subsidiaries. The only remarkable exception is Gazprom, which is involved in more specific and significant investments in Germany.
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