Global retailers gain easier entry into Russia

01/22/2009 | Reuters

As Russia heads toward recession, major global retailers have an opportunity to enter the market, which has much more potential than most mature markets. "While we acknowledge that growth is likely to fall short of previous expectations over coming years, we nevertheless expect Russia to deliver some of the fastest growth in the global retail sector," said Marat Ibragimov, an analyst at Citigroup.

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