Russia's economic trends bode well for foreign investors
Troika Dialog has revealed a positive set of data that show domestic demand remains the main economic-growth driver, while import levels continue to grow
Troika Dialog, the Commonwealth of Independent States' oldest and largest private investment bank, has revealed in a report that:
Furthermore, import data in Troika Dialog's report should bode well for countries such as Turkey, which are actively targeting Russia for export growth.
Russia, like most emerging markets, has become a beacon for growth.
In 2000, the share of Turkey's total exports for the largest 10 export destinations, including the USA and Germany, was 62.4%; by 2011 it had fallen to 49.6%. While Europe remains an important trading partner for Turkey, other countries’ stature has increased.
Experts recently told Euromoney in Turkey that the country is targeting Iraq, the UAE and Russia for export growth.
However, Troika Dialog warns that investor sentiment and the large increase on imports and exports may be "temporary":
For more on how Turkey is targeting Russia and other countries for export growth, and an in-depth feature on Turkey, don’t forget to check out the March edition of Euromoney magazine.