CEOs at Russian companies identify 13 of the biggest issues businesses face in 2017, from geopolitical concerns to climate change. Among Russian CEOs included in the poll, 82 percent see volatility in the ruble’s exchange rate as the biggest threat to their businesses. Source: Igor Russak/RIA Novosti Geopolitical instability, excessive government regulation and volatility in the ruble’s exchange rate are among the main issues cited by Russian CEOs as potential threats to businesses in Russia and internationally. PricewaterhouseCoopers (PwC)polled heads of leading international companies about key trends in the global economy in. Read more...
If incomes continue to drop, however, Russians won’t be able to cut their food budgets and still adequately feed themselves. Any further cuts could mean risking malnutrition. According to the UBS study, 56 percent of those polled reported a drop in income in 2016. Source: Zamir Usmanov/Global Look Press Consumers are not willing to further cut food spending even if their financial situation continues to deteriorate. Grocery spending will drop just 5 percent, considerably less than on other items, according to research byUBS Evidence Lab, which polled 1,000 Russians. If their personal financial situation worsens, Russian consumers are prepared to cut. Read more...
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