EASTERN EUROPE AND RUSSIA OFFERS UNEVEN RICHES TO FUEL RETAILERS
January 1st, 2008
BY MARK ROWE
RUSSIA'S booming economy means that those old images of grey queues for low-grade fuel to run Moskvich and other Soviet era cars are long gone. Instead, the country's fuel retail sector has an incentive for dramatically overhauling the present state of affairs, which predominantly involves poorly established, locally run chains and Western chains fighting - sometimes unsuccessfully - for market share. Such an uneven picture is the case in other countries of the region, where fuel retail is far from being a mature market.
The market in Russia is ...
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