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bne March 2021 Companies & Markets I 11
Rolls-Royce set new Russian sales record in 2020
bne IntelliNews
Rolls-Royce Motor Cars announced a new sales record in Russia for 2020, delivering more than 200 vehicles to customers, the company said in a press release in January.
The company sold its first ever car to Russia in 1910 during the Tsarist era, and has re-established sales following the collapse of the Soviet Union.
Sales in 2020 were up 4% year on year, making Russia “once again the largest market for the brand in continental Europe, and Moscow dealers top the list of European Rolls-Royce dealers,” the company said.
Julian Jenkins, regional director of Rolls-Royce Motor
Cars Europe, commented: “We are proud of this impressive performance in Russia, especially during these challenging times. I want to thank our dealers in Moscow and
St. Petersburg for the individual approach, which made it
Rolls-Royce sold its first ever car to Russia in 1910 during the Tsarist era, and last year sold 200 cars to rich Russians
possible to cope with the challenges of the times, and the colossal efforts to achieve this result. "
The Cullinan and Black Badge models are key growth drivers for sales, says Rolls-Royce, while the Phantom flagship model is in constant demand.
Following the Russian premiere of the new Rolls-Royce Ghost in October 2020, the brand begins the first deliveries of the new product to the Russian market this year and the first Ghost customers will receive their car keys by the end of the month.
There are three official Rolls-Royce Motor Cars dealerships in Russia: two in Moscow and one in St. Petersburg. Moscow is the first city in the world with two Rolls-Royce dealers. In the Russian capital, the only Provenance Pre-Owned showroom in Europe has also opened, confirming the interest of customers in the programme of selling used cars.
Russian agriculture enjoys another year of growth in 2020, dacha-grown food production soars
Ben Aris in Berlin
Russia’s agriculture sector is one of the great unsung successes of reform in recent years and put in another strong year in 2020 despite the multiple shocks to
the economy.
Agricultural output has grown almost every year over the past decade, and 2020 was no exception, even if growth slowed down to about 1.5% as the sector did not escape the ravages of the pandemic entirely.
The main focus of the agricultural reforms has been on boosting grain production and Russia is now vying with Ukraine for the title of the “world’s biggest grain exporter,” as the two countries trade the title of pole position each year.
Grain harvests were up by 10% last year at 133mn tonnes and 43mn tonnes of exports, approaching the record harvest of 2017 of 135.4mn tonnes.
Grain exports have become a significant contributor to the budget, earning some $25bn in 2020, helped by problems in other markets such as Ukraine, which suffered from drought that pushed prices for grain up in 2020.
Russian integrated agricultural major Rusagro reported
a 36% year-on-year boost in revenues for 4Q20 to RUB61bn ($0.8bn), while its top line for 2020 overall was up by
17% y/y to RUB175bn.
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