Competition Remains Moderate on Russian Markets

Results of business surveys conducted on a regular basis by the Institute for the Economy in Transition (IET) show that the absolute level of competition remains low in Russian industry as a whole. Some enterprises face no competition on their markets. On markets where it exists, the strongest competition is provided by other Russian companies, while competition from foreign producers is much less strong. A quarter of surveyed companies were unable to provide appraisal of the level of competition with imports, and only a half reported with certainty that they were exposed to such competition.