Russia ranked third in the list of countries with the strictest trade regulation rules, as RBC reports with a reference to the report of the “Civitta” consulting company.
Belarus is recognized as the country with the most overregulated retail, Italy ranked second.
The “Retail Restrictiveness Indicator” estimates two main groups of factors: the simplicity of opening a store and operating activities. Russian retail trade is distinguished by its difficult conditions for opening retail outlets (in particular, we are talking about the rules for placing stores and the number of permits required), as well as tough antimonopoly restrictions. Civitta analysts also found out that high prices in retail stores in a certain country may be explained by overly strict retail regulation. In turn, regulation relief can lead to lower product prices.
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Author: Anna Dorozhkina