Preheating Russian Home Textile Exhibition - Russia'S Market Economy Is Gradually Warming Up

2016 Russia international home and indoor

Exhibition (hereinafter referred to as "Russia")

The exhibition will be held on 20-23 September at the CrocusExpo International Exhibition Center in Russia.

Since the beginning of 2016, the Russian economy has been showing signs of recovery. This favorable market prospect will inject new vitality into the Russian home textile exhibition.

"In 2014, several times in the United States and the European Union.

After the paction, the Russian economy suffered heavy losses.

Through hard work, the Russian economy is gradually getting warmer. "

Russian President Putin said in a visit to the International Economic Forum in St Petersburg, Russia.

In a meeting with investors and members of Russia's sovereign wealth fund, Putin stressed: "we have basically spent the recession, and all the current market conditions are conducive to the growth of the Russian economy."

"At present, Russia's economy is constantly adapting to the new environment for better development," Putin continued. In addition, Russia's macro economy has stabilized and its inflation rate has declined.

Putin pointed out that under the efforts of the Central Bank of Russia, Russia's gold reserves and foreign exchange reserves are still at a relatively high level.

"Moreover, after the introduction of a flexible national currency exchange rate, the Russian economic market has certain competitive advantages," the Russian leader stressed.

"In the developing market, the Russian financial market is one of the most open markets," Putin said.

Putin has highly praised the Russian sovereign wealth fund for its achievements so far, and emphasized the importance of cooperation with other countries, including the United States, Saudi Arabia and Qatar.

These cooperation not only embodies the trust of the Russian fund, but also reflects the trust of the whole country of Russia.

"In the past 5 years, the fund investment has made great progress. This economic activity has brought about an increase of over 76 billion rubles (about 11 billion 500 million dollars) for the Russian economy."

With the gradual downturn of the Russian market economy, the reduction of inflation rate and the growth of Russian foreign exchange reserves will help the Chinese exhibitors who are exploring and focusing on the Russian home textile market to see the growth space of trade and enhance the efficiency of enterprises.

OBI, a famous German multinational building decoration chain, wants to expand its Russian market.

By the end of 2017, OBI plans to open more than 7 new large supermarkets in Russia, and two of them will be fully motivated by OBI.

This will herald a 30 million euro flow into the Russian market.

Russia's Ministry of industry and trade will invest 500 million rubles to support light industry development.

Moscow local time on July 1, 2016, Russian Prime Minister Medvedev signed and issued the following order, the Russian Ministry of industry and trade will receive 500 million roubles to support the development of Russian light industrial institutions.

In addition to some changes made by the Russian government bill act, these measures also indicate that Russian light industry will also receive government subsidies under the contracts reached in 2015 and 2016.