[lbo-talk] Russia's per-capita consumption quadruples in 6 years, to $3, 000

Chris Doss lookoverhere1 at yahoo.com
Thu Sep 7 08:01:01 PDT 2006


Russia's per-capita consumption quadruples in 6 years, to $3,000

ST. PETERSBURG, September 6 (RIA Novosti) - Per-capita consumption in Russia has quadrupled in six years, to $3,000, an Ernst&Young partner said Wednesday.

"From 1999 till 2005, per-capita consumption in Russia has grown fourfold, and is now at about $3,000," Dmitry Babiner said.

He also said the Russian market has become more business-friendly, citing the alleviation of the tax burden, the abolition of foreign exchange restrictions, and the adoption of laws on concessions and special economic zones.

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