Art fund to take its place on investment menu
Published: 29 July, 2009, 12:15
The first mutual fund offering investment in art may soon appear in Russia, but investors looking to diversify their portfolios won’t need to be art collectors.
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Russia's fast food market has shown huge growth over the past decade, with international and local players alike reaping in the benefits. Some local expats have come to the market looking to take a seat at the table.
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Moscow offices are thinning out, with two-thirds of new business centres standing empty as firms economise. But the developers loss is an opportunity for one entrepreneur.
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X5 retail group will cut prices by an average of 20% on many goods in its Perekrestok supermarket chain in order to stem a drop in shoppers.
The Russian electronics and mobile phone retail sector was hammered by the economic and crisis during 2008–2009, and is only now looking to recover growth.
Russian telecoms provider Vimpelcom, has appointed former Telekom Austria Chief, Boris Nemsic, to replace outgoing CEO Alexander Izosimov.
Published: 29 July, 2009, 12:15
The first mutual fund offering investment in art may soon appear in Russia, but investors looking to diversify their portfolios won’t need to be art collectors.