Summary
With a population of over 140 million, private consumption per head of almost $3,400 last year, and real disposable income expected to rise at nine to ten percent per annum for the next five years, the domestic consumer market offers massive opportunities.
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Extract
Bullish About the Bear's Market
FOR THOSE OF US WHO LIVE AND WORK IN RUSSIA, ITS evolving business environment presents a strangely divided picture. On the one hand, we can see the headlong growth in activity, wealth creation and gross domestic product. On the other, we are watching the increasing centralisation of power within the Kremlin which began with the start of the dismemberment of the Yukos oil company in 2003.
To the casual observer in western Europe or North America, these t...See the full content of this document
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