THE HEAD OF RUSSIA’S LARGEST RETAIL CHAIN ANNOUNCED A MASS SHIFT OF RUSSIANS TO SAVING ON FOOD

Russian citizens are increasingly saving on food and switching to purchases in hard discounters due to the “economic context,” said Ekaterina Lobacheva, president of the X5 Group, the country’s largest retailer, which unites more than 27 thousand stores in all regions, in an interview with “Kommersant”. “In 2025, the growth of consumption slowed down. Previously,…

IN RUSSIA, AN INCREASE IN NON-PAYMENTS BY STATE-OWNED COMPANIES OF ALMOST 200% HAS BEEN RECORDED SINCE THE BEGINNING OF THE YEAR

The volume of non-payments by state-owned companies to Russian businesses in 2025 has soared by approximately 2.7 times in annual terms, writes “Vedomosti” with reference to the SME Corporation. We are talking about contracts concluded within the framework of public procurement (223-FZ). “If in 2024 there were 200 appeals for a total amount of 1.5…

Bulgaria: gold sales increase

2025 marked a historic year for investment gold, both globally and in Bulgaria, with record prices and growing investor interest. Over the past 12 months, gold surged nearly 60% year-on-year, setting more than 50 new price peaks, confirming its position as one of the best-performing assets. Despite a brief correction in October, the market has…

Estonia: Chinese e-commerce platform Temu’s arrival may threaten local economy

The share of consignments from China and e-commerce volumes are growing rapidly. One of the most aggressive online shops is Temu, which uses psychology to influence consumers. Experts recommend that consumers consciously consider the impact of their purchases and, where possible, prefer local producers. Omniva Estonia’s head of sorting, Eduard Resetov, said that goods of…