Based on the results for the first 2 months of 2011, the Russian Ministry of the Economic Development confirmed a positive economic forecast for the upcoming year. GDP growth for 2011 should be up to 4.2%, while inflation should not grow not more than 7-8%. Retail turnover should increase by 4.8%. Experts also expect an increase of production, more active domestic and foreign investment and a general economic improvement due to the increase in the price of oil.