Russia learns to put a price on everything

Article Abstract:

The Russian Pres Boris Yeltsin made it legal for Russians to buy and sell goods on Jan 23, 1992. Over 400 goods exchanges and 6,000 broker firms have been set up since 1991. Some are government-supported. Yeltsin allowed the abolition of state monoply of raw materials in Dec 1991. About $90 million worth of business licences were awarded in Jan 1992. Hard currency exchanges are prohibited. Government restrictions against businesses are a number of taxes, businesses have to sell 40% of their hard currency profits to the government at 75 roubles to the dollar and a maximum mark up of 25% on resold goods.

Russia, Commerce

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Size does matter in DIY sector

Article Abstract:

B and Q is to be expanded with an investment of 750 million pounds sterling from Kingfisher, the company's parent, into B and Q Warehouse. The number of stores is to rise to 125 by 2003 from 30 in 1998. A further 20,000 jobs are to be created and half of these will be full-time jobs. The company has gained economies of scale from the acquisition of Castorama, and this should help in cutting costs. The UK DIY retail market is likely to undergo consolidation. There is some concern that a downturn in the UK market could affect B and Q's sales.

Do-It-Yourself Building Materials (Ret, Home Centers, Lumber and other building materials, Retail industry, Retail trade, Investments, Building materials industry, Home center stores, Do-it-yourself products industry, B and Q PLC

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