Russia

Lenta Reports Retail Sales Growth Of 7.3% In FY2020

Russian retailer Lenta has posted retail sales growth of 7.3% to RUB438 billion (€4.8 billion) in full-year 2020. Despite changes in consumer behav...

X5 Retail Group Sees Digital Sales Rise More Than Threefold In 2020

Russia's X5 Retail Group said that sales across its various digital platforms rose by 362% year-on-year, driven by the coronavirus pandemic. The group's...

'Decent Outlook' For Russian Retail In 2021, Despite COVID Challenges: Sova Capital

The Russian food retail market is in line for a 'decent outlook' in 2021, despite the challenges presented by COVID-19, according to a new report by Sova C...

Wheat Holds Near 6.5 Year Peak As Focus Stays On Russian Export Tax

Chicago wheat futures approached a six-and-a-half year high on Tuesday as plans by leading supplier Russia to tax exports continued to create uncertainty a...

Discounter MERE Continues European Expansion With Serbia Openings

Russia's MERE is continuing its expansion across Europe, with the news that the discounter plans to have 15 stores operational in Serbia by the end of Apri...

Spanish Court Drops Inquiry Into Russian Tycoon's Bid For DIA

Spain's High Court has dropped an investigation into allegations that Russian tycoon Mikhail Fridman acted to depress the share price of DIA while trying t...

Russian Export Prices For Wheat Rise Ahead Of Export Tax

Russian wheat export prices rose for the second consecutive week last week ahead of an upcoming wheat export tax, analysts said on Monday, adding that trad...

Russian Discounter Svetofor To Open Stores in Serbia

Russian discount chain Svetofor will commence operations in Serbia from January, with initial plans to open 15 stores. The company, which trades in West...