VERSIONS: روسيا اليوم NOTICIAS FREEVIDEO ИНОТВ RTД FIND US ON: YouTube Twitter
breakingnews
Go to main page   Business   News   Investors confident of post-election Russia  

Investors confident of post-election Russia

Published: 30 November, 2007, 15:26

Photo from groverlexcorp.com

(4.8Mb) embed video

Analysts say foreign investors, who’ve pumped $US 50 BLN into Russia’s economy this year alone, shouldn’t be worried ahead of Sunday’s election.

The 2007 vote is seen as a validation of Putin’s policies which have supported foreign investment.

The head of Volkswagen in Russia, Friedrich Lenz, which invested $US 700 MLN in an assembly plant has no doubt.

“I have no concerns over elections as there won’t be any modifications. The stability of the economic situation and democratic situation is ongoing and we don’t expect any modification,” Friedrich Lenz notes. 

For international business Putin is seen as a guarantor of stability and continuity in economic policy.

However, some experts say investors will pay close attention to voter turnout. A turnout of 60 percent or more will send a positive signal.

Such a turnout would rebuild the confidence of a market that’s been battered by the global credit crisis.

A 70 percent turnout would probably cause stocks to rally on Monday.

0 (0 votes)
 
Back to top
next MORE NEWS
Viktor Zubkov, Russian Prime Minister 30.11.2007, 13:59

Russian PM looks for more trade with Canada

Russia's Prime Minister is trying to drum up more commercial ties with Canada during a trip to the country this week.

On board a Swedish trawler 03.12.2007, 07:20

Gazprom's giant pipeline threatens Sweden fishermen

Some of the world's top marine experts have met in Sweden to discuss the ecological fallout from Gazprom's new undersea pipeline. The company is building the world’s biggest pipeline from Russia to Germany, past Swedish waters.