IHS Chemical Week

Regions :: Eastern Europe :: Russia


10:00 AM MDT | July 30, 2007 | Natasha Alperowicz

Economy and Chemical Demand to Strengthen Russia’s GDP will grow 6% in 2007, according to forecasts by technical and economic research institute Niitekhim (Moscow). The European Bank for Reconstruction and Development (London) expects economic growth of 6.5% for Russia in 2007. Russia’s chemical sector will grow 4%-4.7% in 2007, says Niitekhim director Mikhail Vasiliev. The challenges that the sector is facing include old plants using obsolete technologies; steep increases in energy prices; and insufficient investment, including a lack of spending by...

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