Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Prices for Cars, Consumer Electronics May Jump Due to Rouble Devaluation
30.01.2014 23:23
Prices for Cars, Consumer Electronics May Jump Due to Rouble Devaluation
Photo Credit: http://visit-vladivostok.com

Cars, consumer electronics and liquor could be among the most hit categories in the wake of the rouble devaluation.

      A large share of cars sold on the Russian market are foreign makes. Despite the fact that many car manufacturers built their own assembly facilities in Russia, many of the components still have to be imported.

      The level of localization is still low, with Volkswagen boasting the highest rate - 50 percent.

      According to Newsru.com, an online news agency, some dealerships are waiting for new price lists while others. Have already adjusted their price tags to the changing realities.

      The Central Bank announced it will not control the rouble any longer which could have detrimental consequences for ordinary people.

      The national currency didn’t win the trust of the Russians even after the Central Bank picked a symbol for it in late 2013.

      As Russia-IC reported earlier, the push for a branded image has been part of the attempt by the Russian authorities to entice foreign capital and turn Moscow into a global financial center.

      At the meeting of the board of directors on December 11, the Bank of Russia approved the letter P with the lower part crossed by a horizontal line as graphic sign that it will be used from now on.

      A coin worth 1 rouble featuring the new symbol is expected to appear in 2014, said senior vice governor of the Central Bank, Georgy Luntovsky.

      The decision was taken after an online poll where the Russians could choose between five graphic images.




Author: Mikhail Vesely

Tags: Russian rouble Russian economy    

Next Previous


You might also find interesting:

Gasoline Prices will Keep on Growing in 2019
21.01.2019
Sberbank and McDonalds will Cooperate in Innovational Development
26.06.2019
The Number of Ads for the Sale of Ready-made Businesses Increased
18.07.2019
More than 600 Thousand Russian Enterprises Went out of Business in 2018
14.06.2019
The Number of Catering Establishments Continued to Grow in 2018
24.02.2019







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Private Collections  apartments in Russia  Ingushetia  Tomsk Monuments  poll  Festivals in Moscow  Russian Cinema  Russian visa  Central House of Artist  Konstantin Khabensky  Russian history  Moscow City  Sakhalin  travel to Russia  Sochi 2014  Russian Nature  International Music Humour Festival  Russian TV Channel  seer-off card  Bakhrushin Museum  Hermitage Museum  banned products  Moscow  TNK-BP  visa regime  Russian tourism  Burial Grounds  Exhibitions in Moscow  St. Petersburg  Father Frost  Design, Architecture  Blockade  Archeology  Russian opera singers  Mikhail Kutuzov Cruiser   The Romanov Family  Tomsk  Valeriya Guy Germanika  Moscow Region  Mercedes-Benz Fashion Week Russia  All-Russian Folk Arts and Crafts Museum  Exhibition Fairs  FIFA World Cup   Knevichi airport  Hermitage  Sergey Diaghilev  Russian regions  Russian business  Russian musicians  vodka 


Travel Blogs
Top Traveling Sites