Basic Information

Russia: On a Path of Continuous Growth

For several years now, Russia has been on a continuing path of brisk economic growth.  In recent years, the country's gross domestic product (GDP)  has averaged annual increases of around 6 percent.  Also of importance, the price for Russian oil, the country's mainstay export, has been simultaneously increasing on an annual basis.  High crude oil prices have triggered a multiplier effect, leading to an increased production in other industries within Russia.  As a result, the current modernization requirement of the country's overall economy is enormous.

Against this background, the cutting edge technologies provided by international companies is full of business expansion opportunities within the wire and cable industry.