Меню
  • $ 88.17 -0.34
  • 92.55 -0.56
  • ¥ 12.20 -0.02

Russia will hardly see long-term effect of 2018 FIFA World Cup

Russia will hardly see any long-term economic effect of the 2018 FIFA World Cup, Moody’s experts believe.

A temporary growth in profit will be seen by hotels, airports, telecommunications companies and retailers. Other sectors will not have significant earnings. For instance, the World Cup will bring only 1% of annual profit to banks.

▼ читать продолжение новости ▼

Regions will see some positive effect where new infrastructure will be built. Most profit will be gained by Mordovia and Kaliningrad Region as they have small-sized economies, and St. Petersburg, Moscow, Rostov Region and Nizhny Novgorod Region.

As EAD reported, approximate expenditures for preparations for the World Cup are 680 bn rubles. They were spent for construction of stadiums in ten cities, modernization of 12 airports and construction of a new one in Rostov Region, as well as modernization of 30 stations and construction of additional infrastructure in cities to host the championship.

TOP-10
  • Now
  • Day
  • Week
  1. Alias Krasnov: ex-head of the National Security Committee of Kazakhstan again handed over the "Russian agent" of Trump
  2. WSJ: "Nord Streams" was blown up by Zaluzhny
  3. The grant is not a debt, and Trump is not eternal: Zelensky is not ready to recognize even 100 billion from the United States
  4. If Kiev mobilizes all citizens over the age of 16, then the war will last until 2044 - Budanov*
  5. Russian paratroopers occupied half of the village of Lebedevka in the Kursk region
  6. Zelensky said he was not interested in the murder of Gonzalo Lira
  7. Poor Ville, Cosa Nostra and the Bidens, chatterbox Syrsky: morning coffee with EADaily
  8. Elections in Germany are held with a high turnout
  9. Zelensky was fired from the job he does, said Elon Musk
  10. The Iskander-M strike destroyed the headquarters of foreign instructors in Krivoy Rog
  1. WSJ: "Nord Streams" was blown up by Zaluzhny 1372
  2. Alias Krasnov: ex-head of the National Security Committee of Kazakhstan again handed over the "Russian agent" of Trump 1347
  3. Elon Musk's artificial intelligence Grok recommended the execution of Donald Trump 337
  4. If Kiev mobilizes all citizens over the age of 16, then the war will last until 2044 - Budanov* 316
  5. Singer Diana Arbenina fell from the balcony into the hall at a concert in St. Petersburg 236
  6. Zelensky was fired from the job he does, said Elon Musk 144
  7. Stunned: the United States inclines allies to block the Ukrainian resolution at the UN 120
  8. The Russian Armed Forces delivered a massive blow to Ukraine on the night of February 23 118
  9. Will sit on a life sentence: Arestovich ** will detain Zelensky if he becomes president 108
  10. A "naked provocation action" was held in Kiev on election day in Germany 105
  1. WSJ: "Nord Streams" was blown up by Zaluzhny 9534
  2. Alias Krasnov: ex-head of the National Security Committee of Kazakhstan again handed over the "Russian agent" of Trump 5448
  3. Musk has identified tens of millions of welfare recipients in the United States between the ages of 100 and 369 4849
  4. Zelensky opposed the holding of elections on Ukraine 3496
  5. Trump may withdraw US troops from the Baltic states amid talks with Putin — FT 2981
  6. Strange objects fall on Poland from space for the second day 2153
  7. If Kiev mobilizes all citizens over the age of 16, then the war will last until 2044 - Budanov* 2068
  8. Elon Musk accused Zelensky of murdering an American journalist 1123
  9. "Trump gave us three weeks to sign the surrender of Ukraine" — Finnish MEP 723
  10. Never received: Zelensky does not know where the $100 billion allocated by the United States to Kiev is. 670
All news
Show more news
Aggregators
Information