Inside Krasnodar | 2008

After yesterday’s rant, I thought it might be helpful to give you some perspective on the infrastructure situation in Russia today. Here’s a great article from Asian Investor.net website titled, “Russian infrastructure needs a trillion dollars.”
Here’s the article:
Asian Investor.net
Russian infrastructure needs a trillion dollars
By Simon Osborne | 19 March 2008
Alternative investment […]

Magnit: 11M07 trading update: Still on track
December 17, 2007
Revenue up 50%. Magnit (MGNT - Buy) this morning released a trading update for 11M07. Revenue increased by 49.2% YoY to $3,212 mln, in line with our expectations. The retailer opened 228 stores during the period, bringing its total store network to 2,121. Total selling space increased […]

Yesterday, Saturday, we did some serious power shopping.
In the morning we drove over to the Komsomolski district and checked-out a new store, Energiya for your Home, which was having its grand opening. Komsomolski district is quickly becoming the retail center for the city of Krasnodar.
Already this year, Magnit opened it first hypermarket in Komsomolski. […]

Here’s a photo of the actual store for a local Krasnodar branch of a national Apple licensed reseller called re:Store. The store is located inside of the mall Krasnaya Ploshad (trans: “Red Square”). When driving up to the mall, stay right, pass the McDonald’s drive-through window on your left, and park behind the mall. The […]

While poking around the internet tonight I stumbled upon a web page at Raiffeisenbank Krasnodar which is offering 10% discounts to a number of local businesses for holders of the bank’s Gold Visa card. 10 percent isn’t huge but it’s not bad either. I had not known about this program previously but next time I […]

Here’s a photo from Krasnodar’s newest supermarket in the Yubilanee neighborhood. It’s called Okei which is a bit confusing since IKEA will be opening soon in Krasnodar and the two names sound familiar in Russian. Okei is actually more of a hypermarket since it has both food, clothing, household, and consumer products. In Krasnodar there […]