Uzbekistan: Reform drive will soon face critical hump – expert
1 hour ago
The Moscow dining market has reached 65% of its pre-pandemic turnover after limitations were gradually eased, and summer terraces are filling up, according to Mayor of Moscow Sergey Sobyanin, who was photographed in a restaurant having dinner on June 18.
Restaurants in Moscow were allowed to open summer terraces from June 16, in addition to the ongoing take-away services, while all limitations will be lifted from June 23.
During the tight regulations in April-May, the dining segment in Russia dropped by more than half, according to Rosstat. In 2019, it stood at RUB202bn ($2.9bn), accounting for 12% of the country’s total.
In the pizza segment, Domino’s Russia has some 80% of its restaurant base situated in the Moscow Region. The company reported a 32% year-on-year decline in system sales like for like (LFL) after the coronavirus (COVID-19) outbreak and still sees no signs of a recovery, according to management comments.
The easing of restrictions and re-launch of eat-in (38% of the total in 2019) will have a positive impact on revenues, and our focus is on the pace of the rebound.
Related Content
News
Uzbekistan: Reform drive will soon face critical hump – expert
Russian gas dependency poses significant obstacle.
Turkmenistan to introduce simplified procedures for obtaining visas
New rules seen as part of wider opening to trade opportunities.
Hungary’s cardinal Peter Erdo seen as serious contender in next papal conclave
Cardinal Erdo has long been considered "papabile", a term used for cardinals seen as viable candidates for the post. His name has surfaced prominently in discussions surrounding the upcoming conclave.
Hungary channels close to €4bn in subsidies to EV battery industry
Hungary's government has confirmed it has poured HUF1.5 trillion (€3.8bn) into its electric vehicle battery sector, evenly split between direct subsidies and infrastructure development.
Investment deal with UAE sparks protests in Montenegro
Montenegrins are divided over agreements with the UAE on investments in tourism and real estate development affecting one of Europe's longest beaches.
Most Read
-
Serbian biotech Dren Bio sold to Sanofi for $1.9bn
1 month ago
-
Indonesia expands military role in government, protesters clash with police in Jakarta
1 month ago
-
US sets six conditions for Iran talks in Trump letter to Supreme Leader
1 month ago
-
Zero pressure from US as Imamoglu protesters warn Erdogan snuffing out last remnants of Turkey’s democracy
30 days ago
-
Is Ukraine heading towards Finlandisation?
30 days ago