Russia's expects shoppers to keep spending

09/26/2013 | Moscow Times, The

The founder and CEO of Russian consumer electronics and appliance retailer says his country's consumers will continue to spend on gadgets in a slower economy. "We have no habit of saving in this generation and, deep down, people have nowhere to invest," said Alexander Tynkovan. "Buying property or a car is too costly, and we have very few ways of entertaining ourselves, especially in the provinces."

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Moscow Times, The

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