Cherkizovo's Upbeat H1 Results Add Weight To Improving Consumer Outlook

Consumer confidence appears to be coming back fairly well in Russia (certainly in comparison to most of emerging Europe). Although it remains well off pre-crisis levels, many Russian households entered the downturn far less leveraged than a lot of their European (Western and emerging alike) counterparts. Some companies, particularly those relatively less affected by the 2009 plunge in private consumption, are starting to report strong sales momentum.

To read the full article, please choose one of the following options: