business in Russia

LG, Sony and Bosch shutter stores in Russia

LG, Sony and Bosch shutter stores in Russia

South Korean brand LG, Germany's Bosch and Japanese company Sony have begun closing stores in Russia, Kommersant business daily reported. According to a source, the brands' stores are closing due to supply chain …

Russians continue to open companies in Kazakhstan

Russians continue to open companies in Kazakhstan

Russian companies currently play a dominating role in Kazakhstan’s consulting and IT industry, while overall the inflow of companies from Russia to the republic keeps "increased dynamics" compared with other countries, according …

Ozon to deliver goods from Armenia to Russia

Ozon to deliver goods from Armenia to Russia

Ozon Marketplace has opened a representative office and sorting center in Yerevan, the company said in a press release. The sorting center in Yerevan will ensure orders are received, processed, assembled and packaged for delivery, as …

Wildberries plans to expand service network in Armenia

Wildberries plans to expand service network in Armenia

Armenian President Vahagn Khachaturyan received executive director of Wildberries Tatiana Bakalchuk, the Armenian presidential press service reported. During the meeting, the prospects and possibilities of e-commerce development, …

Arabic Home Box may replace IKEA in Russia

Arabic Home Box may replace IKEA in Russia

© Photo: Maria Novoselova / Vestnik Kavkaza The Arab network Home Box may replace IKEA in Russia. The first store may appear in Moscow in 2023. Home Box, the UAE chain of home goods stores, may …

Adidas mulls selling Russian business

Adidas mulls selling Russian business

German sportswear giant Adidas could transfer its business in Russia to a foreign investor, Kommersant reported, citing sources.   The move would mean reopening about a hundred stores in Russia, the news outlet said.  …

Swarovski leaves Russia

Swarovski leaves Russia

The manufacturer of jewelry crystals has decided to leave Russia. The exact day of exit is not called. The sale of Swarovski products was stopped in Russia a year ago.

Yandex Eats starts operating in Uzbekistan

Yandex Eats starts operating in Uzbekistan

Yandex Eats, the food and restaurant order delivery division of Russian technology group Yandex , has launched operations in Uzbekistan. Users can currently access orders from 200 establishments in Tashkent. Going forward the service …

Vkusvill launches food sales in UAE

Vkusvill launches food sales in UAE

Russian retailer Vkusvill has begun selling its food products in Dubai through express delivery service YallaMarket, the company said. The project was launched on a trial basis at the end of December, based on which Vkusvill decided to …

Egyptian businessmen to visit Stavropol Territory

Egyptian businessmen to visit Stavropol Territory

In 2023, the Stavropol Territory will exchange business missions with Egypt. During the trips, the parties will discuss the potential for cooperation and exchange specific proposals.

Elopak expects to leave Russia in early 2023

Elopak expects to leave Russia in early 2023

Elopak expects that the transaction on the transfer of the Russian business to the local management will be completed in the first quarter of 2023, the Norwegian packaging producer said in the statement posted on the website of the Oslo Stock …

VTB becomes owner of Otkritie bank

VTB becomes owner of Otkritie bank

The Bank of Russia withdrew from the capital of Otkritie Bank, 100% of the shares were transferred to VTB, the Bank of Russia announced in a press release on Tuesday. "VTB Bank has fulfilled its obligations to the Bank of Russia by …