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News: Koton

Turkish clothing retailer Koton will open in Russia "dozens of shops"
Large Turkish clothing retailer Koton plans to open in 2018-2020 years "several dozen stores" in Russia, reports FashionUnited, citing a representative of the company. The company plans to increase the total sales area in Russia up to 150 thousand sqm, and the number of employees — up to 3 thousand. At the present time in the Russian stores, the company employs 1 million people. 
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The OECD predicts acceleration in the global economy and a slowdown in the domestic Russian economy. The decline in household incomes and the contraction of consumer demand may become an additional brake on the recovery of the Russian economy.
According to Rosstat, the economic downturn in Russia in 2020 amounted to 3.1% – significantly better than expected.
The Deputy Chairman of the Bank of Russia Alexey Zabotkin emphasized that the potential economic growth rates do not depend on monetary policy, they are influenced by demography, labor force, and the efficiency of institutions.
The Russian economy continues to lose its attractiveness in the eyes of large transnational businesses as consumers become poorer and the government continues the sanctions war with the West.

The Washington Institute of International Finance (IIF) sharply improved its forecast for the Russian economy. Its experts revised estimates of the fall in GDP in 2020 from minus 4.8% to 3.6%.

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Retail in Russia
Retail in Russia
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Russia and China
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The structure of expenses of the population of the Russian Federation
The structure of expenses of the population of the Russian Federation
The structure of expenses of the population of the Russian Federation
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