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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.

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In September 2020, the monthly increase in consumer prices (as estimated seasonally adjusted) decreased to 0.25% compared to 0.38% in August, according to the next release of the information and analytical commentary “Dynamics of consumer prices”.

Consumer demand in the first seven months of 2020 in Russia decreased due to the coronavirus pandemic by an average of 6.7% relative to the result of January-July 2019.
Net capital outflow in January-August 2020 increased 1.7 times compared to the data for the same period last year – from $20 billion to $34.8 billion.
The international rating agency S&P has approved a long-term rating of Russia for liabilities in foreign currency at BBB- with a stable outlook.
The unemployment rate in Russian regions at the end of Q2 2020 increased by an average of 30% compared to the same period last year, writes Kommersant, citing Rosstat.
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