BUSINESS WIRE – 25. January 2012
A Developer's Guide to Shopping Centres in Russia
The RegioData Shopping Centre List Russia contains the most important shopping centres, retail parks, hypermarkets and factory outlet centers as well as the most significant retail projects in Russia. >> more

MarineLink - 24. January 2012
Wallenius Logistics Opens Moscow Office
To support the growing business in Russia, Wallenius Wilhelmsen Logistics has opened a new office in Moscow in addition to its current presence in St Petersburg. Moscow is the central vehicle logistics hub in Russia, a market that, after a short set-back in 2009, has seen rapid growth in the automotive and rolling equipment sector over the past years. >> more

RIA Novosti - 23. January 2012
Russian Store Chain Launches Wal-Mart Competitor in US
By 2016, the discount store chain plans to operate 400 stores and compete with US retail giant Wal-Mart on an equal footing. AgroTrade America Inc. reported on its web site that a grocery retailer in South Florida was hiring personnel for a $500 million retail project with revenues in excess of $1 billion in the next four years. >> more

DFNIonline.com - 23. January 2012
Heinemann makes St Petersburg retail debut
The operator has extensive amount of Russian retail experience with Russia and the CIS among its three largest sales regions. It already runs duty-free shops at Moscow Domodedobo, Moscow Sheremetyevo and Kiev airports in corporation with local partners . Its distribution operations supply a number of Russian airport and border shops, ferry-based outlets, airlines and diplomatic services. >> more

Retail Week – 19. January 2012
Rewe Group to acquire Citistore chain
Rewe Group’s supermarket division Billa in Russia is to acquire the Citistore chain operating 17 retail stores in Moscow.Citistore, formerly known as Migros Turk’s Ramstore, consists of seven owned and 10 long-term leased stores with a total sales area of 215,000 sq ft. Billa has opened just 72 stores since its market entry in 2004 though the acquisition is seen as a proof for the retailer’s intention to expand in Russia. >> more

Green Med Journal – 17. January 2012
REWE’S BILLA SEEKS TO BUY RUSSIAN CITYSTORE
Billa, the Central European arm of German retail giant Rewe, wants to take over Russian supermarket chain Citystore, formerly known as Ramstore. It consists of 17 supermarkets, all of which are based in Moscow or the region of Moscow. >> more

Gazeta KZ – 16. January 2012
389 new manufacturing facilities opened in Kazakhstan in the past two years
389 new manufacturing facilities were launched and 90,000 permanent and temporary jobs were created over two years of implementation of Industrialization Program in Kazakhstan. Production output at new enterprises amounted to more than USD 2.5 billion, Kazinform has learned from Kazakh Prime Minister's website, pm.kz. >> more

RT – 13. January 2012
Is small business a big problem in Russia?
Starting a small business in Russia is a challenge despite large government investment and support programs. President Dmitry Medvedev talks about administrative pressure, high energy bills as major problems, as well as the lack of know-how among those running small concerns.
>> more

AFP – 13. January 2012
GM plans to invest $1 bn in Russia
" The reason we are there is we see opportunity," James Bovenzi said late Thursday at a dinner event organized by the US-Russia Business Council on the sidelines of the Detroit auto show. "There is a lot of pent-up demand in Russia. >> more

DFNIonline.com – 13. January 2012
Dufry expands in Russia
The shops sell fragrances and cosmetics, accessories and liquor. The acquired business employs 200 staff and will be integrated into Dufry's existing local business. The new operations will be managed jointly with Dufry's other business in Russia. >> more

The Moscow Times – 12. January 2012
How Kazakhstan Can Continue Its Success Story
Kazakhstan has the possibility to develop very successfully over the coming decades based on its relatively small, well-educated population and its abundant natural resources. To achieve that potential, it must develop a sustainable political system that creates competition of ideas and forces its leaders to be accountable. >> more

Newswire Today – 05. January 2012
Double-digit Recovery of the Ukrainian Retail After the Financial Crisis Finds PMR Corporate
Nevertheless, Ukrainian retail is a comparatively young market. For a long time, Ukraine has kept aloof the modern international retail sector. The market has been developed mostly by domestic companies. (…) Ukraine is not an easy market for new players. Domestic companies are present in every retail sector, they are experienced in dealing with local administration and are aware of Ukrainian consumers’ needs. On the other hand, the position of foreign retailers planning to enter Ukraine is not weak. Among foreign companies, grocery concerns have the most widespread presence, with the Metro Group and Auchan among the top five food retailers in Ukraine. >> more

RTE.ie – 05. January 2012
IBRC gets more time on Kiev centre firm
Irish Bank Resolution Corporation is seeking to take control of the shopping centre, which is based in Kiev in Ukraine. The bank is seeking to find out the identity of the owner of the company - Lyndhurst Development Trading SA - which is registered in the British Virgin Islands. >> more

RT – 02. January 2012
What made Russian business in 2011
From major mergers and accusations to joining the WTO, from fuel shortages to Nord Stream, from government decrees to market fluctuations – all of that made up the turbulent business year of 2011. >> more


GROHE CEO David J. Haines Interview for Vedomosti newspaper
What were the consequences of the economic downturn for GROHE?
As a world market leader in our industry, GROHE has come through the crisis very well. We have grown 20%, with earnings growth of 30% in the first half of 2010 and we are gaining market share. So “why” is the question. The answer is that we spent the years before the crisis fixing the company. (...) And what was happening in Russia?
In Russia we had a very good 2008. 2009 was the year of decline - double digit decline in fact, but in 2010 we are growing by around 20%. So Russia had a typical path: growth, crisis, and back to growth again – but growth for GROHE, not market growth. The market is still declining in Russia. We are gaining market share. >> read more


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