Book 1
Concept and Legacy
Political and Economic Climate
Legal Aspects
Immigration Formalities
Environment and Meteorology
Finance
Marketing

Book 2
Sport and Venues - Intro
    Sport and Venues - Part 1
    Sport and Venues - Part 2
Paralympic Games
Olympic Village

Book 3
Medical Services
Security
Accommodation
Transport
Technology
Media Operations
Olympism and Culture

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Bid Book Book1 Political and Economic Climate and Structure Inflation And Exchange Rate For National Currency

Consumer price index

Year 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002
Russia 940.0% 320.0% 231.3% 121.8% 111.0% 184.4% 136.5% 120.2% 118.6% 115.1%
Moscow 998.0% 441.0% 337.0% 148.0% 116.0% 139.0% 206.0% 124.0% 123.0% 119.0%
Source: Russian Statistical Yearbook; Moscow Statistical Yearbook

Annual average rate of exchange
(1000 roubles for US$ 1 up to 1997, rouble for US$ 1 since 1998)

Year 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002
Russia 0.9917 2.1908 4.5592 5.1208 5.7848 9.7051 24.6199 28.12192 29.1600 31.3600
Source: Central Bank of Russia

During the 1990s, Russia underwent a dramatic transformation to a market economy. This was signified by hyperinflation in the beginning of the decade, three-zero denomination of the national currency since January 1, 1998 and a many-fold devaluation of the rouble in August 1998. Starting from 2000, the economy of Russia began to stabilize and transform itself into a more efficient system.

This change has been measured by a growth in GDP, population income, declining inflation rates and strengthening of the national currency. For the ongoing decade, the objective is to keep inflation at the rate of 10 percent or lower. Annual average growth of the rouble to US$ is forecasted to be within the limits between 3 to 5%.

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