Thursday, February 28, 2013

Coca-Cola: Legal Uncertainty Endemic for Russia, Nigeria


The risks of doing business in Russia are on par with those in Nigeria and Romania and can negatively affect sales, Coca-Cola said in a report issued to its investors. Complex regulation, inconsistent state policy and conflicting decisions between national, regional and municipal authorities increase business costs, the beverage giant said, Vedomosti reported Wednesday. The company also noted that legal ambiguities are particularly endemic to Russia and Nigeria. In addition, these two countries also have large-scale corruption in common, dulling the competitive edge of American multinational companies in light of their obligation to adhere to U.S. anti-corruption legislation.

http://www.themoscowtimes.com/business/article/coca-cola-sees-similar-investment-risks-in-russia-and-nigeria/476137.html
http://www.lenta.ru/news/2013/02/27/coca/

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