In spite of the questions being asked over the validity of the recent Russian elections, Austrian finance group Raiffeisen believe that in the foreseeable future Russia will remain the second-strongest growth region in the world.
They point to an average 7.5% GDP growth per capita over recent years, the ‘remarkable recovery’ displayed by the region since the last economic crisis in 1998, the ‘massive’ scale of the foreign investment into the country and, not least, the active stance the Russians are taking to acquire multinational companies in a number of sectors.
Peter Brezinschek and Gregor Holek, two of their senior analysts, on Wednesday outlined the current position to members of the Jersey branch of the Securities and Investment Institute.
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