Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Bloomberg: Russian Retailers will Benefit from the Foreign Fans
31.07.2018 17:00
Bloomberg: Russian Retailers will Benefit from the Foreign Fans
(Source: https://ru.armeniasputnik.am)

Consumer expenditures will grow by $ 5 billion in Russia in June-July because of the fans who come to the Football World Cup, as Bloomberg reports with a reference to the forecast of the Bank of America.

      Read More Articles on Doing Business in Russia

      In general, Russian retailers will benefit from the foreign fans: the largest networks reported an increase in the number of visitors by 45-63% in the first two weeks of the championship in the cities where the matches were held. Besides, thanks to the World Cup, the revenues of public catering establishments have risen dramatically: during the days of matches it grew by 30% in some establishments or twofold in other establishments, and the owner of Papa's Pub in Moscow reported about fourfold increase in revenue. However, the experts believe, the growth in expenditures will not have a great impact on the Russian economy: a positive effect of about 1 percentage point from monthly GDP will be visible between the second and third quarters.


Sources: http://lenta.ru 


Author: Anna Dorozhkina

Tags: Russian business FIFA Russia 2018 Legal Services in Russia   

Next Previous


You might also find interesting:

The HSE Business Incubator Has Become the Best University Accelerator in the World
11.11.2019
Investment Environment in Russia is Negative for Foreign Investors
29.03.2019
Sberbank and the California Accelerator 500 Startups Started to Accept Applications
04.09.2019
The Number of Offers on the Sale of Businesses Increased in Russia by 33%
23.04.2019
VkusVill Network Plans to Expand in Europe
04.09.2019







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Russian politicians  Water  Russian oil companies  Concerts in St. Petersburg  Krasnodar  Rostov  Russian tennis  Ingushetia  Karelia   Russian Poetry  Russian government  Pushkin Museum of Fine Arts  Moscow  St. Petersburg  Kanopus-ST  Russian tourism  Oranienbaum  Elton  Pyotr Mamonov  Vladimir Yevtushenkov  Russian Ministry of Economic Development  Rock Painting  Russian Cinema  Festivals in Moscow  Russian regions  investment in Russia  Human Right Activists  Samara Region  Bat for Lashes  travel to Russia  Cultural Events  Sergey Kovalev  Moscow cinema  aircraft  Mercedes-Benz Fashion Week Russia  Kamchatka  Sergey Shekhovtsov  Astrakhan  Novgorod Region  Mari El Republic  Russian business  Moscow planetarium  Kaliningrad  Exhibitions in Moscow  Design  Central House of Artist  Hobby Festival "The THING"  Dinosaurus  Russian Photographers  Natalia Ischenko 


Travel Blogs
Top Traveling Sites