Russia

In-depth country-focused analysis on Russia's economic, political and operational risk environment, complemented by detailed sector insight

Our comprehensive assessment of Russia's operating environment and the outlook for its leading sectors are formed by bringing together a wealth of data on global markets that affect Russia, as well as the latest industry developments that could impact Russia's industries. This unique integrated approach has given us an impeccable track-record for predicting important shifts in the markets, ensuring you’re aware of the latest market opportunities and risks in Russia before your competitors.

Russia Country Risk

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Core Views We expect inflation to arrive at 5.4% at end-2014, slightly above the Central Bank of Russia's inflation target of 5.0% for 2014, and to average 5.1% in 2015, mainly driven by the...

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Russia Industry Coverage (24)

Agribusiness

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BMI View: We are very positive about growth potential in the Russian agricultural sector and see tremendous opportunities in the grains and dairy segments in particular . We view the livestock...

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Autos

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BMI View: BMI remains bearish on the near-term outlook for domestic vehicle sales and production in Russia. A combination of sluggish demand for new cars, and a deteriorating economic...

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Commercial Banking

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Commercial Banking Sector Indicators Date Total assets Client loans Bond portfolio Other Liabilities and capital Capital Client deposits Other...

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Consumer Electronics

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BMI View: Over the medium term t he Russian consumer electronics market is expected to increase at a compound annual growth rate of 7.1% , driven by the growing popularity of digital...

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Defence & Security

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BMI expects Russia to spend up to US$92.7bn on defence in 2014 with this figure increasing to US$114.6bn in 2018. Unlike the United States which is looking to reduce its defence spending, Russia is...

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Food & Drink

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BMI View: T he weakening rouble is of concern to food and drink and wider consumer-facing companies given that this will make importing raw materials into Russia more expensive, and will also...

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Freight Transport

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Following a year in which BMI believes saw mixed growth dynamics in different freight transport modes, 2014 will signal improvement and growth across the whole sector in line with macroeconomic...

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Information Technology

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BMI View: The Russian IT market has strong medium - term growth potential, but in the short term , growth has been hit by a weaker economic outlook and a steep decline in notebook sales in...

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Infrastructure

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BMI View: We have considerably revised down our construction industry forecast for Russia in 2014 in light of recently published lacklustre official data. With a contraction of 1.25% in the first...

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Insurance

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BMI View: The growth of Russia's insurance sector has slowed dramatically. Life insurance is developing from a low base, but is growing at single-digit rates. Thanks partly to pressure from the...

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Medical Devices

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Espicom Industry View: The Russian medical device market is expected to grow by a CAGR of 9.1 % over the 2013-2018 period, alongside increases in GDP and government health spending....

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Metals

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The Russian metals sector will face headwinds over coming quarters as European and US demand remains weak and global oversupply weighs on metal prices. We expect production of key metals to remain...

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Mining

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BMI View: Despite boasting rich mineral deposits, a mining boom is unlikely to catch up with Russia anytime soon. A growing number of domestic miners will be forced to step the brakes on...

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Oil & Gas

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BMI View: Russia is pumping post-Soviet record levels of oil and is likely to continue to see a short-term increase in both oil and gas production, but a high level of investment will be...

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Petrochemicals

Pharmaceuticals & Healthcare

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BMI View: A deteriorating macroeconomic picture and weakening rouble will moderate real pharmaceutical industry growth , as the consumer spending that currently underpins the pharmaceutical...

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Power

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BMI View : A slowdown in household consumption and the Kremlin 's failure to sufficiently address structural impediments to investment are likely to continue to weigh on the Russian power...

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Real Estate

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BMI View: Although commercial real estate investments for 2013 look set to fall roughly $800mn short of 2012's record high of $8.8bn, BMI believes that commercial real estate in Russia is set to...

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Renewables

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BMI View: Russia's renewable energy expansion plans are advancing , with 39 renewable energy projects awarded during the country 's first auction in 2013 . We anticipate activity in the...

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Retail

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BMI View: Russia's retail market is an extremely attractive investment prospect, with an increasingly affluent population leading to projected household spending growth of 6.7% over 2014-2018....

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Shipping

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Russia's two bellwethers, the port of St Petersburg, Russia's main box facility, and the port of Novorossiysk, one of the country's largest ports in terms of total throughout, are set to hold their...

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Telecommunications

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BMI View: Russi a's telecoms market is doing well compared to its regional peers . There is a strong competitive dynamic between established operators, as well as a threat from smaller...

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Tourism

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BMI's tourism report for the Russian market looks at a range of variable factors, including rates of growth in inbound and outbound travel over our five-year forecast period to 2018, as well as the...

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Water

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BMI View: Substantial development programmes aimed at updating Russia's ageing water infrastructure are encouraging an influx of private investment and considerable opportunity for long-term growth...

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