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2011.02 Retail and food
» Tverskaya is among the ten most expensive places for shopping space
By News Service | Published 09/24/2011 | 2011.02 Retail and food | Unrated
Commercial brokerage Colliers International rated the Tverskaya Street in Moscow as one of the ten most expensive places to rent a store. The Colliers’ report showed that the rent of commercial space is USD 7 413 per one square meter.
» Shopping center development high
By News Service | Published 09/24/2011 | 2011.02 Retail and food | Unrated

. Last year, Russia took around 25 percent of shopping center development in Europe, with more than 1.3 million square meters, or 14 million square feet, of commercial real estate built.

» Dixy Group’s revenue increase by a fifth in five months
By News Service | Published 09/24/2011 | 2011.02 Retail and food | Unrated
The leading food and consumer products seller in Russia Dixy Group reported revenue growth exceeding 26 percent in U.S. dollar terms in the first five months of 2011. The revenue figure in dollars stood at USD 1.987 billion.
» Kraft to increase twofold coffee production
By News Service | Published 09/24/2011 | 2011.02 Retail and food | Unrated
The American-based Kraft Foods has announced its intention to invest USD 130 million for doubling the output capabilities for the company’s facility in the Leningrad region, which produces instant coffee.
» American company to construct beef farm in Voronezh
By News Service | Published 09/24/2011 | 2011.02 Retail and food | Unrated

The project received media attention for the first time when the regional Governor Mr. Alexey Gordeyev met with Geoff Verhoff of the Akin Gump law firm that is representing the Anderson Cattle Company Ltd. in the negotiations with local officials.

» U.S. Turkey imports are prohibited
By News Service | Published 09/24/2011 | 2011.02 Retail and food | Unrated

The governmental agency instituted the import band amidst suspicions that the minced turkey produced by Cargill Meat Solutions Corp. in Arkansas is responsible for the outbreak of salmonella, with at least 79 reported cases of the illness (including one death).

» Ban on vegetable imports may slow WTO accession for Russia
By News Service | Published 09/24/2011 | 2011.02 Retail and food | Unrated
According to Karel de Gucht, who serves as the E.U. Commissioner of Trade, the prohibition imposed by Russia against the importation of vegetables from the European Union can hinder Russia’s efforts to secure entry into the World Trade Organization.
» EUR 100 million to develop shopping malls in St. Petersburg
By News Service | Published 09/24/2011 | 2011.02 Retail and food | Unrated
Sok Retail International Oy, a Finish company that operates the Prisma food hypermarket chain in Russia, together with the Adamant Group from St. Petersburg recently entered into a cooperation agreement.
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