Russia

Russian Economy Ministry Concerned About Strong Food Exports

The Russian economy ministry is studying possible measures to address the issue of strong food exports amid globally higher prices for food&...

Ozon Establishes Operating Company In Belarus

Russian e-commerce giant Ozon has announced the establishment of an operating company in Belarus, Ozon Rocket Bel LLC, with which it is aiming to 'scale up...

Discounter Mere Eyeing Potential Sites Across UK

Russian discounter Mere, which operates stores in Germany, Poland, Serbia, Ukraine, Romania and a number of European markets, is eyeing up potential sites...

Cherkizovo Group Completes Acquisition Of Pit-Product

Russian meat processor Cherkizovo Group has announced that it has completed the acquisition of Pit-Product from Finland's Atria Group. The tra...

Russia Contemplating Limit On Buckwheat Exports

Russia is considering limiting exports of buckwheat for some time in order to keep domestic prices stable, the country's agriculture ministry has said....

Russia's Magnit Sees Like-For-Like Sales Up In First Quarter

Russian retailer Magnit has posted a 4.1% increase in like-for-like sakes in the first quarter of its financial year, with average basket sizes 14.9% highe...

Russian Online Giant Yandex Improves Revenue Outlook As E-Commerce Booms

Russian internet giant Yandex has raised its 2021 revenue forecast, saying that strong growth in newer business areas such as e-commerce and food delivery...

Russia's X5 Retail Group Announces New CFO

The X5 Retail Group has announced that Svetlana Demyashkevich will step down from her role as the company's chief financial officer on 17 May 2021. Vsev...