Communist Tax Lawyer

A news, research and discussion platform for monitoring the evolution of Communist and ex-Communist countries to market economies


Wal-Mart Upbeat on Russia

U.S. retail giant Wal-Mart siad on thursday that they are “confident and hopeful” about entering the Russian market.

According to MarketWatch, the company set up an office in that country a year ago to study the market and explore opportunities.

Wal-Mart’s international unit covers 15 markets, from Brazil and Mexico to China and Japan in addition to Puerto Rico, generates a quarter of the company’s sales (about US$100 billion), and has been the fastest growing division of the company. In the past five years, the international unit has seen an annual sales growth rate of 17 percent.

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