Ceepackaging

Russia has experienced strong economic growth, underpinned by growing disposable incomes and consumer spending. However, economic development has not affected all of the Russian Federation in the same way with many regions dependent on the central budget. Big urban centres, such as Moscow and St Petersburg, offer firms a big labour pool and large consumer markets. Underdeveloped parts might become magnets for investment, as the government plans to improve infrastructure and attract more funding.

Troubles in the credit markets are not dampening corporate plans for new foreign direct investments, says the first detailed survey of top executives conducted since the sub-prime crisis began this summer.