Russia Beyond the Headlines 6 April 2012
Bloomberg ranking targeting investors places Russia ahead of India and China, while a World Bank report still shows Russia in the slow lane. Yet experts are hesitant to rely on the accuracy of the Bloomberg data.
Russia is among the top 50 countries with favorable investment climates, according to the recent “Bloomberg Best Countries for Business” ranking, which measured conditions for attracting more foreign investment.
Russia is in 48th place in the Bloomberg ranking, out of 160 countries analyzed. It pushed ahead of its BRICS colleagues India and Brazil, which took 49th and 50th place, respectively. The survey took into account numerous economic indicators, from the degree of economic integration and the cost of setting up a new business, to the cost of labor and materials and the readiness of local consumers.