HILL Country Report: Russia
The Russian market – »Rich in chances, but difficult«
2007 was the ninth continual good year for the Russian economy. The Russian economy is growing on many levels. The growth rate through consumer spending is especially strong.
The year 2007 brought a strong increase of foreign investments in Russia. Foreign direct investments amounting to about 55 bn. USD were recorded in 2007, a duplication from last year.
As already during the last years, the inflation target of the government, which was set at ambitious 8%, was missed again in 2007. There was acceleration towards years end to about 12% and also in 2008 this high inflation continues.
HILL International Russia is present on the Russian market since 1989, and was the first international HR-consulting company in the former USSR.
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