Saturday, October 21, 2006

 

#5: Is Russian economy currently in a bubble state?

According to the recent anecdotic evidence I am getting, Russian economy might be in a bubble state. For example, I have heard about multiple restaurants opening only to close in a month once the customers do not materialize, banks expanding their branch office network at a breakneck pace with the only hope of being acquired by one of the major Western players, Western European-sized salaries demanded in Moscow by unimportant IT personnel.

So, my question is simple

Did Russian economy enter a bubble during the 2006?

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