Poll Shows Improvement in Business Climate in 2012

The Moscow Times
Monday 18th March, 2013

Foreign companies operating in Russia said the country’s business climate had improved in 2012, according to a study released by the Russian Union of Industrialists and Entrepreneurs and Fleishman-Hillard Vanguard, a subsidiary of U.S. public relations agency Fleishman-Hillard. Compared with 2011, 44 percent of the respondents noted an improvement, with 34 percent saying it was a minor one, while 48 percent said no changes had taken place, and 8 percent said the business climate had deteriorated. As many as 50 percent of the respondents said red tape was a major obstacle for business, while …

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