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Главная \ News \ Turnover of Finnish dairy producer Valio in Russia increased by 14%

Turnover of Finnish dairy producer Valio in Russia increased by 14%.

Turnover of Finnish dairy producer Valio in Russia increased by 14%, according to Delovoy Peterburg.

The volume of production owned by OOO "Valio" — a subsidiary of the concern — the plant in Moscow region grew by 18% in 2017. Maximum production capacity increased from 10 to 15 thousand tons and the volume of investment in the plant exceeded the €67 million. Also a 9% increase in the manufacture of Valio products in five partner companies in Russia.

"Valio in Russia is a dynamically developing division of the concern. We constantly expand the range and we show good results in sales of both the Russian, and Finnish production. So, following the results of 2017 in Russia, sales of Finnish lactose-free milk increased 10 times. The total sales of Valio products in Russia in real terms increased by 12%", - quotes the edition of the words of the General Director of "Valio" Kari Finska.

Valio group began to actively produce products in Russia in 2014 — after the ban on the import of certain products from the European Union. Prior to that, the company produced in Russia only drinking yogurts on the leased line of the Galaktika plant and processed cheese at its own plant in  Moscow region. Currently, Valio produces 127 different positions in the country, including processed cheeses, sour cream, sour cream and yoghurt.

Earlier it became known that Valio begins deliveries of ice cream to Russia. Ice cream is produced at the factory in the Finnish city of Oulu, and jams and syrups — in Seinäjoki.

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News
The Russian economy continues to lose its attractiveness in the eyes of large transnational businesses as consumers become poorer and the government continues the sanctions war with the West.

The Washington Institute of International Finance (IIF) sharply improved its forecast for the Russian economy. Its experts revised estimates of the fall in GDP in 2020 from minus 4.8% to 3.6%.

Net capital outflow from Russia by the private sector by the end of 2020 increased 2.2 times compared to the same period last year and amounted to $47.8 billion.

The decline in foreign direct investment (FDI) in the Russian Federation in January-September 2020 amounted to about 80%, according to the report of the World Bank (WB).
Net capital outflow from Russia since the beginning of the year has approached $48 billion.
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