Released on = May 11, 2007, 3:21 am

Press Release Author = Shushmul Maheshwari

Industry = Retail

Press Release Summary = The initial two months of this year have seen a 12.7%
year-on-year increase in Russian household real disposable income, at the same time
there was a 17.5% increase seen in real average monthly wages.

Press Release Body = The first two months of 2007 witnessed a 12.7% YOY increase in
Russian household real disposable income, whereas real average monthly wages grew
17.5%, as said by the top statistics body in the country on April 3, 2007.

Rising disposable incomes have prompted all sorts of consumption. New foreign
cars’ sales touched 600,000 in 2005, representing 57% rise over the previous
year (2004) and a six fold rise from 2001. Ownership of mobile phones has burgeoned
from three million in the year 2000 to 80 million in the year 2006. With rise in
income, by the year 2010 the amount spent of food is expected to come down to 35%
and housing (accounting for 15%) will become the 2nd largest expenditure. Spending
on communication, housing and transport will double.

Craving of Russians for joe (brewed coffee) indicates that, besides the rise in
incomes, changing lifestyles & tastes are driving the boom in consumption. Before
1990s, Russians scarcely touched it, since they preferred tea. Swift growth has
elevated the profits for firms like Denmark\'s Carlsberg that enjoys 50% of prominent
brewer Baltic Beverages Holdings of Russia. Analysts are optimistic about the
immense growth potential that exists in fields such as financial services, tourism,
and consumer durables namely electronics, furniture, and automobiles.

In its report on “Russian Retail Sector Analysis (2007-2011)” RNCOS
notifies, “Growing at a CAGR of 26.41% during 2001-2006, disposable income had
reached US$ 549.74 Billion last year (2006). This continuous increase in disposable
income has been spurring the purchasing power of consumers which has propelled
Russian retail market so far.”

The report is a must read for all those having interest in Russian Retail Sector.
Key facts and issues this report analyzes include: market size and scope of the
Organized Retail in Russia, growth prospects and issues related to the industry,
factors driving growth in this sector, organized market segment wise & its growth
prospects, opportunities & challenges faced by retailers in Russia and emerging
trends there, and so on.

About RNCOS E-Services Pvt Ltd.:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit: http://www.rncos.com/Report/IM0303.htm
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Web Site = http://www.rncos.com

Contact Details = RNCOS E-Services Pvt Ltd.
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92
91-11-4214-1229
info@rncos.com