Economics: Political stability strengthens Russian market

A stable political climate has contributed to an ever-strengthening Russian market, according to Rob...

A stable political climate has contributed to an ever-strengthening Russian market, according to Robin Geffen, chief investment officer at Neptune Investment Management. Geffen is extremely positive about Russian market growth and development, and says consumers are beginning to drive the economy. “Russian workers have received a 20% pay rise every year for the last three years and a middle class is beginning to emerge,” he says. “The wealth is being spread throughout the country instead of among a select few, which makes Russia an interesting area with serious opportunities to make m...