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10 European companies localizing production in Russia this year

2 Nov 2017

• 2 Nov 10:37

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It looks like the economic crisis is easing up (just like Mr. Putin said!) as European companies have come flocking to Russia over the last few months to localize production - despite sanctions. The Russian-German Chamber of Commerce Russia’s economy seems to getting back on track. The country’s GDP is improving (in 2016 it onlyfellby 0.2 percentcompared to 2.8 percent in 2015) and inflation remains at a record low of three percent. Great news that’s not only pleased thegovernmentbut also prompted many European businesses to step up their activity in Russia. German companies, for instance, are taking advantage of the country’s growth.. Read more...