Russian businesses are confident of the year ahead, so why aren't they investing more or taking bigger risks? Pixabay / MT
Moscow Times: Russia in 2020: Business Is Booming but the Future Is Unclear
While Russian businesses are feeling confident and growing their revenues, a lack of ambition and risk-taking could limit potential.
2019 was an impressive year in the Russian business world.
The Russian stock market was one of the best performing anywhere in the world — up more than 40% in dollar terms and setting new record highs in the process.
Corporate profits soared — rising 12% and on track to pass the landmark 15 trillion ruble mark ($340 billion).
“Russia is a profitable place to do business,” Alexis Rodzianko, President of the American Chamber of Commerce in Russia said. “The message I consistently hear is that Russia beats China and Europe on a profitability basis.”
As a share of GDP Russia’s corporate profits come in around 14% — more than twice the level in China and compared with 8.5% in the United States.
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Update: Russia’s Top 5 Earners Amass Extra $26.9Bln in 2019 – Forbes (Moscow Times)
WNU Editor: So much for the Western main stream media's narrative that the Russian economy is "flat" due to sanctions. It is not.
3 comments:
Russia, China, Iran et al is a big enough trade zone. They are big enough to go it alone.
This trade zone is big enough that I considered it a red herring that Cuba was hurting because of US sanctions. Cuba was hooked up to the USSR , the Eastern bloc and other countries. As such it had a critical mass of trading partners. As such if it could not male it it was due to low productivity and misallocation of resources. That would be due to communism.
You also have idiots like RussInSocal who spew their hate for Russia with lack of facts. Let's not just blame media WNU when we have a live show of stupids
We had 70 years of failure followed by a few decades of corrupt oligarchs in Russia. Those are facts.
Russia is the place that invited Americans, who built the 1st hydroelectric dam and a car factory in Gorky. Then the Russians murdered them. Very Liberal of them.
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