I’m in the Rubles…

Posted by Bill Belew on March 17th, 2006 in Russia | No Comments

Russia has money….

Consider these facts that I gleaned from Business Week .

Percentage of homes that own …

2001 2005

Mobile Phones 6 50

Computer 5 20

Washing Machine 16 35

Stereo 15 31

Video Recorder 39 50

Car 25 31

Imported TV 58 71

Apartment or House 71 82

15 years ago, when I spent a semester teaching in Russi, I lost 25 lbs in 8 weeks because we couldn’t get three meals a day. I took ice showers because there was no heat….Russia has come a long long way.

They have money to spend. What kind of business in Russia are you planning to do?