Page 166 - RusRPTJul24

partner of the event.
Wildberries is keeping its forecast of turnover growth by 60% in 2024 and will return to discussions of the outlook later this year, CEO of the Russian online retailer Tatiana Bakalchuk told TASS in an interview on the verge of the St. Petersburg International Economic Forum (SPIEF).
The turnover of the marketplace was over 2.5 trillion rubles ($27.7 bln) and would grow by about 60%, Bakalchuk told TASS in April 2024. "We are keeping [the forecast - TASS] so far and will review it again later this year," she noted.
The increase in the Wildberries’ turnover confirms the positive dynamics of the Russian e-commerce market in general, Bakalchuk said.
"We are growing from a relatively low base: the share of online trade makes up just 13.5% of the market volume. However, the slowdown may take place in two-three years, when the market will move to a more mature stage," the chief executive noted.
Development in regions and investments in local infrastructure are among growth drivers, she added.
9.2.8 Telecoms corporate news
Russian President Vladimir Putin on May 30 authorized the state-owned telecoms giant Rostelekom to buy out Finnish mobile operator Nokia's stake in a Russian joint venture. In a decree published May 30, Putin authorized a subsidiary of Rostelecom — which the government controls through various state development corporations and a state-owned bank — to buy out Nokia's 49% stake in a joint venture called "RTC — Network Technologies." Rostelecom and Nokia launched the venture in 2018 to invest in "advanced technologies" related to areas including 5G and the "internet of things," according to a press release published at the time.
9.2.9 Tourism corporate news
9.2.10 Utilities & Renewables corporate news
Electricity exports from Russia in 2024 could reach around 8bn kWh compared to 10.7bn kWh in 2024 due to a decrease in supplies to China, member of the board of Inter RAO (the only operator of import and export of
166 RUSSIA Country Report July 2024 www.intellinews.com