Support The Moscow Times!
Contribute today

Finnish Retailer Expanding

By The Moscow Times

HELSINKI — Finnish retailer Kesko is targeting sales of 500 million euros ($710 million) and a profit by 2015 from a new grocery business it is opening in Russia, chief executive Matti Halmesmaki said Monday.

Kesko will open four large grocery stores in the Moscow and St. Petersburg areas in 2012 and 2013, Halmesmaki said, adding that it would look at other acquisition opportunities to expand the new business.

Kesko's K-rauta hardware unit already has 12 stores in Russia, with another 13 more planned by 2015, when it hopes the unit will have full-year sales of 800 million euros.

(Reuters)

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more

early step

Russia, Ukraine Hold First In-Person Talks to Return Displaced Children

Forty-eight children are set to be exchanged under the deal agreed in Qatar, Russian children's rights commissioner Maria Lvova-Belova said.
2 Min read
‘future elites’ 

In First, Russia Appoints Ukraine War Veteran to Political Office

Earlier this year, President Vladimir Putin said participants of Russia’s invasion of Ukraine were the country’s “future elites.”
1 Min read
explainer

Who Is Timur Ivanov, the Russian Deputy Defense Minister and Shoigu Ally Arrested for Bribery?

Dubbed “one of the richest siloviki,” Ivanov has been the subject of Russian media investigations into his and his family’s lavish lifestyles.
4 Min read
banned from blessings

Russian Priest Suspended After Navalny Memorial Service

Priest Dmitry Safronov performed a memorial service at Navalny’s gravesite in Moscow on March 26, 40 days after the Kremlin critic died in an Arctic...
1 Min read