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Article: Frost & Sullivan: Urgent Need for Foreign Investors in Russia to Fix Investment Climate and to Better Weather Economic Storms.
- Article from:
- Economics Week
- Article date:
- November 13, 2009
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The investment climate in Russia is the primary concern for foreign investors. When compared to other emerging economies, Russia does not perform well in transparency rankings or in terms of ease of doing business. In its "Doing Business in 2010" report, the World Bank places Russia in 120th place out of 183 countries. However, the global recession and plummeting oil prices have made the government realise that supporting and protecting foreign investment are vital to long term economy growth.
Last year, Russia experienced some inflow of foreign investment. Daria Pozharova, Frost & Sullivan Consultant for the CEE & CIS group, notes: "In the first half of 2008, ...