The Russian economy and private equity market in November 2010, according to Aurora Investment Advisors

Russia's economy has returned to growth after output contracted 7.9 per cent in 2009 but economic recovery is still fragile according to the Transition Report published by the European Bank for Reconstruction and Development (EBRD) on 17 November. The report states that the moderate growth momentum of the first half of 2010 is likely to be sustained, implying a growth of about 4.4 per cent in 2010, strengthening slightly in 2011.