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St. Petersburg city profile, November 2010

St. Petersburg’s economy is recovering, with the majority of macroeconomic indicators (including industrial production index, personal income and retail turnover volume) showing improvement in H1 2010. According to the Committee for Economic Development, Industrial Policy and Trade’s (CEDIPT) forecast, GRP will reach RUB1,645 bn in 2010, up 4.4% YoY.

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