Keep up with the news by installing RT’s extension for . Never miss a story with this clean and simple app that delivers the latest headlines to you.
View full story
c) Another positive trend for Russia is the geopolitial decission of China to replace part of its Australian imports of commodities with Russian ones.
d) And, also in the area of tourism, the development of the "Golden Sands" gambling and theme park resort in Anapa now have an opportunity after the "Eurovegas" ; gambling resort in Madrid has been buried. "Golden Sands" could serve as the biggest gambling resort for 800 million Europeans and 200 million people from the Middle East (Dubai doesn´t accept gambling)
c) Public projects for infraestructure (Transiberian railways, high speed to Krasnodar, superhighways)...
There are some positive internal and external trends;
a) An €urozone recovery means also more Russian exports, as 50% of them go to the E.U. That will add one percentage point of GDP growth.
b) A devalued ruble and the Sochi effect means this year about 3 million Russians more and 2 million foreigners will spend their vacation in Russia. Tourism will increase, and that will ad thousands of jobs....but Russia needs to attract foreign talent in several areas like RESTAURANTS and HOTEL MANAGEMENT. I think many Spanish Restaurants want to have a Sochi branch.
An interest rate cut from the Russian Central Bank will be necessary for more GDP growth. But, for that, inflation has to be cut to 3%. So, an agreement with trade unions and more competition inside Russia in areas with high prices will have to take place.
Authorization required for adding comments
You must follow the link in the confirmation
email before you can log in.
Resend confirmation email
Don't forget to check your spam folder
The confirmation email has been sent
To complete a registration check
A password has been sent to your email address
Retype new password
InfoWars: Who pays the price?
Growth in transition