Articles by Yulia Polyakova



Delayed Shopping Mall Might Need a Redesign

Construction of a new shopping center on the spot of the famous Worker and Collective Farm Girl monument by the entrance to the All-Russian Exhibition Center, or VVTs, may begin in early 2004.

Ad Group Buys BasEl Press Outlets

Leading advertising group Video International has acquired a controlling stake in Rospechat, the country's top distributor of press subscriptions, from aluminum tycoon Oleg Deripaska's industrial holding Base Element.

Si-Pro in a Hurry to Buy Bystrov

Si-Pro, the Russian majority owner of instant-food producer Bystrov, has three months to buy out the remaining stake from their Hong Kong-based partner.

Perekryostok Buys Stake in City's Historic GUM

Supermarket chain Perekryostok has bought an undisclosed stake in GUM and plans to boost its holding in the historic Moscow retail center.

Mercury Buys Control Of City's Historic TsUM

Luxury clothing retailer Mercury announced that it plans to turn the TsUM department store into Russia's answer to luxurious Paris department store Galleries Lafayette.

Khasis to Sell Off Control of TsUM

Lev Khasis intends to sell his 60 percent stake in TsUM to invest in the Perekryostok supermarket chain.

BIN to Launch Hypermarket Chain

The industrial and financial group BIN has a new retail project in the pipeline.

Sedmoi Kontinent Plans to Go Lux

Six of Sedmoi Kontinent's centrally located supermarkets will soon be transformed into luxury stores, competing directly with Kalinka Stockmann, Eldorado and Sadko Arcade.

Sedmoi to Move Into Wholesale

With the help of City Hall, Sedmoi Kontinent says it will spend some $400 million over the next few years to open 20 cash-and-carry wholesale outlets in Moscow and challenge the dominance of German giant Metro in the nascent industry.

Head Traffic Cop Now Directs Shopping Mall

A former head of the Moscow traffic police has taken over management of the Rublyovsky retail center.

Dahlgren Sees Profit for IKEA in Soviet Debt

The head of IKEA Russia is confident that any offer stemming from the debt-for-shares scheme to pay off part of Moscow's Paris Club debts will suit the furniture giant.

$200 Million Water Park Planned for Moscow

Construction of a $200 million water park Ч to include water rides, restaurants, shops and a hotel Ч at the Moskva-City development complex gets under way this month.

Consumer Spending Nears '98 Levels

The good news for domestic producers? Spending in nearly every category of consumer goods is growing. The bad news? The imports are no longer anathema.

Mir Parketa Sued Over Patented Floor

The nation's first criminal case concerning the violation of inventor's rights has been launched. Mir Parketa stands accused of illegally producing raised flooring.

Luzhkov Moves Against Underpass Kiosks

Mayor Yuri Luzhkov has cited August's Pushkin Square bombing in ordering a limitation in the range of goods that can be sold in Moscow's pedestrian underground walkways.

City, Siberian Aluminum Consider Alliance

Siberian Aluminum seems set to sign a social and economic partnership agreement with the Moscow city government.

First Phase Opens at $150M Center: City

The Lyublinskoye Pole trade and exhibition center, which opened on Saturday, is the first stage of a vast wholesale and retail center to be built over the next three years.

Germany's Metro Earmarks $112M for Shops

  • 10 October 00
  • Staff Writers
Metro AG has announced plans to invest over $100 million to set up a chain of shops in Moscow.

City Hall to Ban Kiosks at Metros

  • 29 September 00
  • Staff Writers
To ""civilize"" the cityТs retail business, Mayor Yury Luzhkov is going on the offensive against kiosks.

City Turns to Print Media as TV Screens Stay Blank

Muscovites are turning to the printed word for entertainment after the Ostankino television tower blaze knocked most television channels off the air.

Big Business Hits the Beach in St. Pete

Spar to Open 30 Local Supermarkets

New $30M Mall Shakes Up Market

Developers Hope to Repeat Ski Success