Finnish export to Russia increases amid economic recession
Finnish company Kesko, for example, opened its second supermarket in Russia and has made plans to open eight more by 2016. Similarly, Stockmann, a Finnish grocer, has claimed a rise in profits in its Russian operations, while its domestic profits dwindle, Barentsnova reports.
Nokian, a Finnish tire manufacturer, has opened a factory in St. Petersburg this year and is working to corner the Russian market in the face of decreased domestic spending. Nokian, and many other Finnish companies following its lead, are enjoying success in Russia due to the excellent reputation Finnish products have in Russia.
Since 2008, Finnish companies have invested nearly $16 billion in their Russian operations and into regional Russian development efforts, according to Barentsnova.
- Ural Airlines modifies rewards program
- Exhibition to celebrate Tchaikovsky's birthday
- Ural State Academy of Architecture and Arts hosts first StartUp Design Week
- URFU hosts annual natural history festival
- Robocenter added to map of important robotics centers
- Sverdlovsk housing market prices increase
- Volschansk Mechanical Plant expanding product range
- Sverdlovsk Regional Entrepreneurship Support Fund to accept applications for CMEF
- Over 4,500 residents have already lost jobs this year in Sverdlovsk
- USMU accepting Global Education program applicants