Blogging from the Luxury Summit: the Recession, the Russian and the Icon

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4-15-2008 @ 1:19PM

Andrei L said...

New Russian demand for all kinds of luxury goods is very high and has the largest potential for further rapid growth. Commodity export, domestic construction and consumer consumption boom have created double faced elite: large business owners and government officials. The inflow of easy and fast money is normally stashed in foreign and nominee holders' bank accounts. Owners are typically unsophisticated investors who are overjoyed that they can afford to buy anything. Luxury is one of the sectors, which will likely not be influenced by the U.S. recession.

FertiKola – U.S.-Russian Business Consulting
U.S.-Russian Business News

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