Rental rates will translate into rubles
31.08.2015 2410

Rental rates will translate into rubles

The Ministry of Industry and Trade has prepared a bill prohibiting the setting of rental rates for retailers in foreign currency. 

 "In many ways, large shopping centers and street retail representatives nominate rental contracts for non-residential premises in foreign currency, while the entire chain of settlements to the end user is made in rubles. Risks from currency rate fluctuations fall entirely on tenants. In our opinion, this is unfair and is a rudiment 1990s, "- said the Deputy Minister of Industry and Trade Viktor Evtukhov.

According to him, the amendments are now undergoing the procedure of approval and discussion. The new bill was created for the benefit of retailers. "The destabilization of the ruble has turned into problems for industry participants, often threatening bankruptcy. Whereas previously companies had rental costs of 15-20% of revenue, after the denomination they doubled and began to reach 20-40%."

The authors of the bill suggest that foreign investors may oppose the legislative initiative, as this will prevent them from making and planning investments.

The Ministry of Industry and Trade has prepared a bill prohibiting the setting of rental rates for retailers in foreign currency.

Latest News

Tamaris has launched a collection for the protection of the environment - GreenStep

For the fall-winter 2021 season, the German footwear brand Tamaris has launched a special footwear line with a support and environmental concept. Tamaris GreenStep models in trendy colors are made of certified leather, ...
03.03.2021 44

Turkish Ambassador to Russia Mehmet Samsar - again at Euro Shoes

The second day of the Euro Shoes Premiere Collection international shoe exhibition in Moscow was marked by a visit by His Excellency Ambassador Extraordinary and Plenipotentiary of the Republic of Turkey to the Russian Federation Mehmet Samsar ...
03.03.2021 49

online conference on shoe labeling

On March 5, 2021, together with CRPT, the Kleverens company will hold an online conference on the labeling of footwear, light industry goods and perfumery products for importers, distributors and manufacturers.
02.03.2021 47

Geox presented its fall-winter 2021 collection in Milan

Italian footwear and apparel brand Geox has unveiled a new season as part of Milan Fashion Week. The collection includes models of men's and women's shoes for every day, the main feature of which is traditionally for Geox "breathable" properties.
02.03.2021 117

Interview with Friedrich Naumann, CEO of Wortmann Vostok, official representative of Tamaris in Russia

About what the year of the pandemic was for the German brand Tamaris, about the challenges of the time, the support of partners in the crisis, the impact of online technologies, and about the brand's new collection with Friedirch Naumann, CEO of Wortmann Vostok, the official ...
01.03.2021 118
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning