For a private buyer, it is unfathomable to purchase a company under these conditions. |
Getting more money into the banking system would not only help to fight inflation but also help to boost investment because the banks would have more assets available for credits. |
In that sense Russia is a good option. |
It's a very good sign that things are going in the right direction. |
It's been winding down quickly. |
Of course, it may be that Russians are willing to spend more on furniture. But I think that is unlikely. |
One thing the Kremlin has addressed is the issue of state control. Not that it's gone away, but the government is producing a list of sectors where foreign ownership will be limited. |
Removing the demand to transfer money into a Russian bank is a positive move. This means that the actual funds can be kept anywhere. |
When considering wage increases, we cannot forget that people are still not recording a lot of the money they earn. |
When you ask most people, they'll say they don't believe these numbers. But the fact is, the average customer check at an IKEA furniture store in Moscow is about the same as the average check at an IKEA store in Sweden. |