Russian firms taking cautious approach to investment

Sep 3rd, 2013 | By | Category: Central Bank

Russian firms are showing some cautious signs of reigniting investment, viagra buy with reports coming through suggesting that targeted investment is receiving more and more attention.

The 2013 American Express/CFO Global Business and Spending Monitor was released in Russia last month. Ahead of the release, Vladimir Salakhutdinov, country manager for American Express Russia, told The Moscow News that most of the CFOs interviewed for the survey were representing companies that are "now ready to invest".

He added: "Not aggressively, perhaps, like in the previous years, but with caution, making smart investments that demonstrate careful control over spending and returns."

The research shows that 70 per cent of the CFOs in Russia surveyed said that they plan to invest in the next year. Although levels of investment are not back to their pre-crisis levels, the improvement in intention brings good news for the region.

Other experts in the area suggested that Russia is becoming an increasingly important economy on the world stage, with many analysts predicting that it will break through to become one of the top five world economies by 2020.

Spending is likely to continue to be restrained, partly due to traditional values but also as a result of ongoing cautiousness as the country and the broader global economy takes its time to return to the levels of confidence seen before the economic crisis hit.

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