Date: 10 months ago   Category: Economy

Most the Finnish companies isn't going to leave the Russian market - RIA Novosti, 9/26/2018


MOSCOW, 26 Sep — RIA Novosti. Most the large and medium-sized Finnish companies working in Russia isn't going to curtail the activity in the country, follows from materials of the Cabinet of Ministers of the Russian Federation for a visit of the prime minister Dmitry Medvedev to Finland. He will hold negotiations with the Finnish colleague Yukhoy by Sipilya.© RIA Novosti / Alexey Nikolsky there to Pass into an image bank the President of Finland has explained why he doesn't see threat from Russia" the Part of investors has winded down the projects in Russia recently …. Despite it, most the large and medium-sized Finnish companies working in Russia isn't going to curtail the activity" — it is said in materials. Among those who have left — the Finnish Oriola KD which in December, 2014 has sold the assets in Russia — Old Doctor and O3 pharmacy chains — in connection with their unprofitability. The Stockmann concern has for the same reason sold in January, 2016 the business in Russia in the field of a retail. The Kesko concern has left: Russian "Film" in November, 2016 has closed the transaction on purchase for 11,4 billion rubles of network from 11 grocery hypermarkets "K-Ruoka" in St. Petersburg, and Russian "subsidiary" of the French network "Lerua Merlen" in February for 12 billion rubles has redeemed 12 shops of building materials of "K-reception" in Moscow, St. Petersburg and Kaluga. There are also those who work in Russia. So, Nokian Tyres has constructed two tire plants in the 14 million tires Vsevolozhsk in a year, a considerable part of production goes for export. The total amount of investments of the company into Russia reaches 550 million euros, at the same time for 2017 83 million euros are invested. The YuIT construction company (YIT, since February, 2018 has united with Lemminkyaynen) realizes projects on construction of the residential and commercial real estate, infrastructure facilities and roads in St. Petersburg, the Leningrad Region, Moscow, the Moscow region, Yekaterinburg, Rostov-on-Don, Kazan and Tyumen. In January-July commodity turnover of two countries has grown by 29% and has made 8,7 billion dollars. The Russian export to Finland has increased by 36%, to 6,7 billion dollars, import — for 10%, to 2 billion dollars.

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