Cheapest Labor Since Tsars Ruled Russia a Draw for Samsung, Ikea

Truck at Russian Border Crossing

(Bloomberg – – Olga Tanas, Ilya Khrennikov – November 16, 2016) Made in Russia and coming soon to a store shelf near you: washing machines, chewing gum and possibly much else. A combination of the country’s worst currency crisis since 1998 and an unprecedented slide in real wages for most of the past two years has resulted in salaries […]

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Russian manufacturing conditions worsen the most since summer 2009 in January – HSBC

File Photo of Cash, Coins, Line Graph

MOSCOW. Feb 3 (Interfax) – Business conditions facing Russian manufacturers continued to worsen at the start of 2014, PMI data from HSBC show. The overall deterioration in the sector was the most substantial since June 2009, with declines registered for output, new orders, exports, employment and purchasing, HSBC said in a research note. Meanwhile, inflationary pressures remained historically weak overall, […]

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