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LPNEWS

Recovering Russia Lures Investors, Even After Bumper Year Of Returns

by reuters.com posted 1year ago 1410 views
<p>It&#39;s been a tough couple of years for Vladimir Miroshnikov, head of business development at Rolf, one of Russia&#39;s biggest car dealerships. But like many foreign investors, he&#39;s banking on an economic turnaround in 2017.</p> <p>Russian car sales, once growing around 50 percent a year, dropped off a cliff in 2015 after the rouble&#39;s 2014 collapse and fell a further 10 percent in 2016.</p>