Detail in Business New Europe: Russia’s investment climate plummets

A survey into Russia’s investment climate by Moscow-based Detail Communications found that investment confidence has halved since the crisis hit. However, a third of respondents – a mix of portfolio managers and analysts from some of the most prominent investment banks, asset management firms and hedge funds – expect the Russian stock market to bounce off the bottom this year and put in double-digit returns.

“Russia is arguably facing its most challenging times in modern history. For the country, 2014 was marked by tensions in Ukraine, sanctions, plummeting oil prices, change in ownership of Crimea, currency devaluation and economic recession. Needless to say, this did not go down well with investors. By the end of the year, the market capitalization of the entire Russian stock market was less than that of one single corporation – Apple,” said Timofey Pletz, CEO of Detail.

The full article is available on Business New Europe’s website.