Worsening relations between Russia and the West, plus pressure to meet Nato defence spending commitments, push up expenditure in Eastern Europe.
While Russian citizens annually invested over $2bn in 2013-2014, the silent crisis of 2015 caused investments to halve before reaching $870mn last year.
State lender indicates that there will be more than 200 participating companies across Russia.
Disappointing negative trends in retail in Russia’s capital continued in the first quarter of this year, but have started to stabilise, according to the Watcom shopping index, preceding a recovery later this year.
Private sector capital outflow in the first quarter of 2017 stood at $15.4bn, almost double than in the same period of 2016. The quarter’s figure is already close to the central bank’s $16bn estimate for the full year.
Russia’s balance of payments statistics for the first quarter of 2017 exceeded expectations with the surplus jumping to $22.8bn, according to a central bank data release.
The popularity of Russian President Vladimir Putin was almost untouched by country-wide anti-corruption protests organised by opposition leader Alexei Navalny on March 26, but those of Prime Minister Medvedev tanked.
The risk rating agency IHS Markit has upgraded Russia’s sovereign risk to investment grade on the back of growing economic recovery and strong manufacturing and service sector growth.
Growth of Russia’s service sector continued in March, with the rate of expansion improving slightly from February, finishing the strongest quarter since the end of 2012.
Russian manufacturing continues its strongest expansion since 2011 and positive sentiment amongst owners reached a 22-month high.
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