Austrian investors first decided to return to Russia, finding that it now has created extremely favorable conditions for investment, writes Die Presse. According to a recent report by the Federal chamber of economy of Austria, over the past year has shown a steady trend, Austrian companies are increasingly seeking to localize and plan the opening of new branches in Russia, the article says.
“About a dozen Austrian companies carefully select options in order to organize local production in Russia”, — said says Dietmar Fellner, Austrian business delegate in Moscow.
The return of the active investors in Russia due to several factors about which forget many experts, when analyzing the investment climate in the country.
Favourable exchange rate helps to reduce labor costs, land plots and objects to foreign investors doubled. Thanks to cheap ruble reduced the cost of exporting goods produced in Russia. And finally, a government decree that state enterprises should buy mostly domestic products, encourages Western companies to look for ways to produce goods marked “Made in Russia”, — writes the edition.
