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Austin, TX - (ZPRYME NEWS) – 09/08/08 – A report entitled “Russia Seen Becoming Europe’s Largest Consumer Market 2008”, revealed the far and fast growth that the Russian consumer market experiences. The report showed that for 2008, the gross domestic product of Russia is approximately fifteen thousand dollars in terms of the purchasing power parity.

Troika Dialog likewise reported that there is an estimated sixty percent of the Russian population which is expected to have disposable income per capita purchasing power parity per household of more than three hundred fifty dollars which would definitely enable them to have a wide range of access to may consumer goods.  It is also expected that Russian consumers will reach 85 million in 2008 which will make it the largest in Europe in terms of consumer market.  As stated in the report, Russia is considered as the largest consumer market for mobile phones in Europe in 2004. In 2005, it also became the largest consumer market for washing machines.

The same report likewise revealed that Russia is expected to rival Germany to becoming the largest car market in the entire of Europe. There is also an expected pick up of a number of mergers and acquisitions to happen in Russia. This was reaffirmed by Reuters in “Retail M&A seen restarting with a bang”, where it was predicted which reported that if there will be an easing of the credit crunch and if the trends of the consumer markets become more or less stable, then the mergers and acquisitions will immediately follow.

Among the businesses on the eye for deal makings are clothing and online industries of which the market retailers in Russia prove to be appetizing due to the lower price tags.  Also, among the best retail industries in Russia at present, the X5 Retail Group, is considered as the largest retail group for food with a net profit of 86.3 million dollars.

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Zpryme: Emerging Markets Group

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