Tuesday, March 26, 2019

Dr. Dimitris Bakolas, President Greek-Russian Relations: overcoming Sanctions?




A recent survey of the Economic and Commercial Department of the Greek Embassy in Moscow presents the economic situation in Russia as finding its way forward under  the conditions of sanctions as well as of considerable lower oil prices: -a 1,5% GDP growth of 2017 is being followed by  approximately the same growth in 2018, the inflation remains at a low level(Russia ranked #10 in the world by yearly inflation rate), while as it is shown by the Work Bank’s review the business environment in the country is permanently improving so that Russia ranked 35 by the Doing Business index(from the 124 ranking in 2011).
However problems still remain, related mainly to the still wage legal business environment, the considerable high corruption level as well as the inefficient public administration ..

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