Foreign investment in Russian retail increased by 150% in H1 2011

The FINANCIAL — The volume of foreign investment into the Russian retail sector increased by 150% year on year to $3.5bn in the first half of 2011, according to the Deputy PM, Viktor Zubkov.

This comprises represents 8% of total foreign investments in the Russian economy.

In the first six months of the year, the retail sales turnover in Russia grew by 5.3% year on year to RUB 8.73tr ($315.3bn). In turn, in Q2 alone the aforementioned turnover in the Russian country’s retail sector amounted to RUB 4.55tr (164.7bn), a 5.6% y-o-y growth.

www.russiaretail.com