Blog: Russia - future profits big enough to be worth the wait?
Dave Leggett | 18 October 2009
I have come across something on retailing Russia in the International Herald Tribune that had me wondering about the problems facing its automotive sector (sales have fallen off a cliff this year with the car market halved versus a year ago). Just how quickly will things get better?
French retail giant Carrefour has done an abrupt about-turn on its policy towards Russia. It apparently has decided that the problems of doing business in severely recession-hit Russia don't justify big investments right now on the basis of higher future sales. There are other places seen as better to invest in. The sudden switch is interesting; could some automotive firms come to similar conclusions?
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