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BISNIS bulletin

(RETAIL IN RUSSIA, continued from p. 1) plained by the relatively low profitability
of the retail sector compared to such industries as oil and gas, construction, or
real estate. Another reason for the slow development of retail chains is the
inevitable visibility of large retail enterprises, which results in a high tax burden,
compared to the less visible market stalls and smaller shops. Retail has been a
sector in transition for much of the last decade in Russia. Despite the overall
growth of the ...