| BUSINESSWEEK ONLINE : OCTOBER 2, 2000 ISSUE | ||||||||
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| INTERNATIONAL -- EUROPEAN BUSINESS
Why Russia's "Shuttle Traders" Are Going Out of Business COMPETITION Large shipping companies have replaced individual traders as Russia's market has become more sophisticated WEAK CURRENCY The ruble's plunge against the dollar in 1998 quadrupled prices of imports, while making it more profitable for local manufacturers REGULATION New local sales taxes and tougher accounting procedures have eroded once-fat profits _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ |
RELATED ITEMS Bye-Bye Babushkas (int'l edition) TABLE: Why Russia's ``Shuttle Traders'' Are Going Out of Business INTERACT E-Mail to Business Week Online | |||||||
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