Russia

The Russian retail digital revolution of the X5 supermarket chain

Ben Aris in Berlin October 29, 2020

It's been on the Kremlin’s agenda for years, but now the Russian economy is finally being rapidly digitised. Russia's leading supermarket chain X5 has launched a radical transformation of its business.

Russian residential real estate developer Samolet Group IPOs at a price of RUB950 per share

Ben Aris in Berlin October 29, 2020

The Russian residential real estate developer Samolet Group has set its IPO price at RUB950 per share in a rare listing on the Moscow Exchange that starts trading today that values the company at c.$750mn

#UPDATE: Michael Calvey and Baring Vostok cut a deal with Russian opponents in corporate conflict over Vostochny Bank

Ben Aris in Berlin October 28, 2020

Reports have emerged on the morning of October 28 that US fund manager Michael Calvey, who heads leading Russia-based private equity fund Baring Vostok, has cut a deal with his former partners in Vostochny Bank to end their corporate dispute.

Russian crises drive a discount retail boom

Ben Aris in Berlin October 27, 2020

Russia’s leading discount store Fix Price’s promise is you can buy anything in the store for RUB199, or about $2.60. And that is just what consumers want as the company reports 15 quarters in a row of double-digit growth

Russian electronics retailer M.Video boasts 25% growth in 3Q20

bne IntelliNews October 27, 2020

Russian electronics retailer M.Video-Eldorado has posted 25% year-on-year revenue growth in 3Q20 to RUB110bn ($1.43bn), with a 2.4-fold surge in online revenues.

Russia’s regions face a fresh debt crisis as they struggle to cope with the coronavirus pandemic

Ben Aris in Berlin October 27, 2020

After a near-miss debt crisis in 2015-16 Russia’s Ministry of Finance took direct control of the worst cases. But now the finances all Russia's regions are under pressure again as they struggle to cope with the corona-shock and soaring costs.

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