Russia's President Vladimir Putin (L) toasts with his wife Lyudmila as they visit a restaurant in Moscow after voting in elections December 2, 2007.
Photo: Reuters
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Election Results Favorable for the Market, the Analysts Said
The results of State Duma elections are favorable for the stock market of Russia, the country’s economic analysts commented on the landslide victory of United Russia, whose slate headed President Vladimir Putin.
“V. Putin has won great support of the nation and it enables him to maintain political influence and remain the country’s leader de facto,” Uralsib analysts said. “Therefore, for investors, the results of elections mean that the political stability will continue at least for a year or a year and a half.”
“The probability of deviating from the course that provides for the shift from the policy of gaining control over strategic assets to the next stage with the emphasis laid on the surge in state spending appears very low,” Uralsib analysts specified.
The program of the surge in the state spending meets interests of big companies that are controlled by the government. In today’s environment, exactly they are the winners. Despite that the Russian market has received a great inner incentive for growth, it is the external environment that will mostly affect quotes in the nearest future, the analysts concluded.
www.kommersant.com
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