The most obvious risk to Russia’s performance in 2013 is that a sharp decline in oil prices will result in a rapid deterioration of the country’s macroeconomic environment. Foreign multinationals operating in the market, however, have a much more immediate…
Time to Prepare Your Business in Russia for Crisis
Russia has been one of the few CEE markets with strong growth as the eurozone crisis drags Eastern Europe into recession. Russia’s GDP expanded 4.9% YoY in Q1 2012 and the economy seems set on a stable trajectory for the…
How MNCs can Benefit from Growing Political Instability in CEE
The fall of the Romanian provisional government on April 27th was the latest indication of rising anti-austerity sentiment across Europe. In the past several months, just in CEE governments have fallen in Slovakia, Slovenia and Romania, with the disintegrating Czech…
Russian ruble taps two-year low on Kremlin shift
From MarketWatch The Russian ruble fell to a more than two-year low versus the U.S. dollar Monday, under pressure after the nation’s Finance Minister Alexei Kudrin resigned over a policy dispute with President Dmitry Medvedev. Kudrin resigned Monday as Russia’s…