Krasnodar region to expect recession after Olympics

 

A serious recession is awaiting the Krasnodar Territory after the 2014 Winter Olympics in Sochi, according to a forecast made by a president of the "Center for Strategic Studies," Mikhail Dmitriev.

 

He stressed that Olympic games are generally stressful for economies. However, Olympics of 2014 will not create a problem on the national scale and will affect only the regional development of the Krasnodar Territory, ITAR-TASS reports.

 

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