Archive for May 2012

Cars top luxury searches in Russia

May 30th, 2012 | By | Category: Asides

Top car brands are the most sought-after luxury items in Russia, page if recent research is anything to go by. The second instalment of the World Luxury Index from the Digital Luxury Group and Russian search engine Yandex, symptoms found that automobiles make up 73.6 per cent of total searches for luxury brands in Russia, [...]

Rouble plummets amid low oil prices and market turmoil

May 23rd, 2012 | By | Category: Rouble News

The Russian rouble and stocks plummeted today (Wednesday, capsule May 23rd) amid drops in oil prices and turbulent market conditions. At 13:00 GMT, store the rouble was off 1.2 per cent against the dollar to RUB31.56 according to data from Dow Jones, while the Micex index was down nearly three per cent to 1263.88. The [...]

Russia expected to contribute to luxury goods growth

May 17th, 2012 | By | Category: Asides

Russia is expected to continue to contribute to the growth in the luxury goods market, rx it has been noted. The latest research from Bain & Company, illness a leading advisory firm to the global luxury goods industry, thumb suggested that the market will exceed €200 billion in 2012. This is despite the earlier concerns [...]

Putin promises 'strong Russia'

May 10th, 2012 | By | Category: Featured

President Vladimir Putin has been sworn in for another six-year term as the Russian leader, find promising to deliver a 'strong country'. A speech this week (9 May) was delivered by the president at a show of military provision on Red Square. Months of protests and continued talk of corruption within the Russian government have [...]

Private yacht is top symbol of luxury in Russia

May 3rd, 2012 | By | Category: Central Bank

The top level of Russian society is renowned for its expensive taste in luxury items. But now a research project has revealed just what Russians deem to be the most important symbols of luxury. Conducted by sociologists at the Romir research centre, the study found that a private yacht was seen as the main symbol [...]