Market Report, "Polishes in Russia", Published
There was a growing focus on home renovation in Russia at the end of the review period. This was fuelled by rising disposable income levels and also by a surge in the number of consumers taking out mortgages. Government-supported mortgage programmes and growing economic confidence resulted in 57% more mortgages being taken out in the first half of 2012 in comparison to a year earlier, with growth remaining strong into 2013. Consequently, many consumers had new homes to decorate, while...
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