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

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.


Author: Anna Dorozhkina

Tags: Russian business FIFA Russia 2018 Legal Services in Russia   

Next Previous

You might also find interesting:

Vkontakte Launched New Service for Businessmen
The Share of SMEs in the Russian Economy Makes 21.9%
The Share of Unprofitable Organizations Increased in Russia
Yandex.Market Starts Cooperation with Turkish Marketplace
Audio Recording at the Proceedings on Civil Cases in the Russian Courts will Become Mandatory

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
travel to Russia  Art Museums  Moscow monuments  trains  Sultanna Frantsuzova  World Aquatic Championship  Russian Orthodox Church  Russian football teams  Street Art  Mercedes-Benz Fashion Week Russia  BULTHAUP Design Gallery  Tsaritsyno  Russian Cinema  International Festival  Moscow  Taman  Russian painters  Nizhny Novgorod  Russian universities  Russian women  Maya  St. Petersburg  Russian regions  Russian tourism  contemporary art  FIFA World Cup   New Museums  physics  Time of Troubles  Astrakhan  Sheremetyevo  Russian National Parks  City Wi-Fi   Islamic State  Rostov Region  migration rules in Russia  Rogovs House  Kazan night clubs  Russian judiciary  corruption in Russia  Mills  AvtoVAZ   Ufa  Mortality Rate  Festivals in Moscow  booking hotels in Russia  Russian business  Exhibitions in Moscow  Immune Cells  New Year celebrations 

Travel Blogs
Top Traveling Sites