CSE and CIS
The volume and value of M&A deals targeting companies in Central and Southeast Europe in Q1’18 fell to 1,823, valued at USD24,789m, after deal making failed to sustain the growth recorded in Q4’17, when 2,253 deals worth USD38,932m were noted.
According to Russia’s Federal State Statistics Service report for 2017, the corporate sector’s net profit was down by 8,5 per cent versus 2016. This is a slightly surprising revelation considering the opposite trend in the economy overall, as the GDP grew by 1,5 per cent last year.
The European Bank for Reconstruction and Development believes that economies should search for a new model of growth that goes beyond the imitation and import of technologies. EBRD indicates three areas where new sources of growth should be sought.
Embargo on western food in Russia was supposed to trigger the development of Russian agriculture and food industry. But in the longer perspective it may bring more losses than benefits to the Russian producers.