Western firms will decide in autumn whether or njt to remain in Russia.
Published:
6 June 1999 y., Sunday
The majority of Western firms operating in Russia has no intention of closing down operations in Russia. However, companies will make their final decisions based on how the financial-economic situation in Russia develops over the Spring and Summer. According to Itar-Tass, the British macroeconomic center Economist Intelligence Unit prepared a report to provide an overview. The research is based on the opinions of management in 140 corporations which operate in the Russian Federation. Russia is considered the most promising market in the former Soviet Union. As the report stresses, the number of companies which wish to leave Russia is very small; however, due to the crisis, 60% of companies in Russia have frozen investments and 33% have canceled future financing programs. More than half of those surveyed believe that the level of criminal activity in the Russian Federation corresponds with that of other developing markets, and 35% consider the situation in the Russian Federation "difficult."
Šaltinis:
Independent Media
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The financial and economic crisis has shown that reckless behaviour of banks and other financial institutions can have serious and costly consequences for Europe's economy and its people.
more »
Local services that create jobs and improve energy efficiency received a boost Thursday (2 September) when MEPs on the Industry, Research and Energy Committee approved plans for more investment.
more »
The European Commission approved the first financing decisions under the EUR 264 million 2010 allocation for the so-called Vulnerability FLEX mechanism to help the most vulnerable African, Caribbean and Pacific countries cope with the impact of the global financial crisis and economic downturn.
more »
The European Commission has today updated the list of airlines banned in the European Union to impose an operating ban on one air carrier from Ghana and to place operating restrictions on another air carrier from that country.
more »
The European Commission today approved an application from Denmark for assistance under the European Globalisation adjustment Fund (EGF).
more »
Algirdas Šemeta, EU Commissioner for Taxation, Customs Union, Anti-Fraud and Audit, will open tomorrow an international conference at the Shanghai World Expo 2010 on building bridges to facilitate trade between China and the EU.
more »
Moldova is set to receive an EU grant of up to €90 million to help it through the financial crisis, following a vote at Parliament's Committee on International Trade on Monday.
more »
Important notice: since May 2010 business surveys data are classified in accordance with an updated version of the Nomenclature of Economic Activities (NACE rev. 2) causing a potential break in series at this date.
more »
75% of Europeans think that stronger coordination of economic and financial policies among EU Member States would be effective in fighting the economic crisis, according to the Spring 2010 Eurobarometer, the bi-annual opinion poll organised by the EU.
more »
The European Commission has extended until the end of the year the liquidity support scheme for banks in Slovenia.
more »