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:

The Eastern Economic Forum Business Program
Steven Seagal Opened an IE in the Moscow Region
Cheese Control
The Sales of Tesla Model 3 Will Begin in Russia in the Fourth Quarter of 2018
FIFA Fans Spent about 100 Billion Roubles in Russia

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share


search on the map
Southern Ural  TNK-BP  Orthodoxy  Sochi  Russian Ice Shows  Russian automobile industry  Russian Cinema  smart economy  Russian history  City Wi-Fi   Russian fashion designer  Russian medicine  Russian Photographers  aircraft  State Tretyakov Gallery  Garik Sukachev  Tea Route  AvtoVAZ   Books  New Medicines  Russian Literature  Russian fairy-tales  Mercedes-Benz Fashion Week Russia  Moscow cinema  Exhibitions in Moscow  City Hunter  Arctic  Tsaritsyno  Russian cuisine  Folk Arts  Russian tourism  small business in Russia  Moscow  International Platonov Arts Festival  Russian business  Pskov  religious tourism  Ardatov  St. Petersburg  Contemporary Writers  Russian academy of sciences  Tchebarkul Meteorite  Archeology  Russian advertising  Pskov Region  UNESCO World Heritage Sites  Museums of Russia  Yevgeni Grishkovetz  World Legends  Naschokins House 

Travel Blogs
Top Traveling Sites