Russia: Economic Growth Below Expectations

Politics ♦ Published: April 8, 2013; 11:20 ♦ (Vindobona)

The Russian economy is flatlining. The government and the Central Bank of Russia (CBR) blame each other for the current state of affairs.

Russia: Economic Growth Below Expectations / Picture: ©

Young entrepreneurs and SMEs are facing increasing difficulties starting and maintaining business due to factors like corruption, bureaucracy and too few loans granted. For most young persons the dream of a successful business strategy remains a dream or they have to declare insolvency only shortly after having started. The number of abandoned businesses has reached a new all time high.…