RUSSIAN SPENDING IN PRAGUE

BY MARTINA MARECKOVA *Last year, the total volume of tax free shopping in Prague by Russians increased by 22% year-on-year. *However their average spending dropped from Czech Crowns CZK6,951 (US dollars USD400) in 2009 to CZK6,581 (USD378) last year. *Prague luxury clothing retailers says a couple from former Soviet Union may often spend CZK300,000 (USD17,267) each on a mink fur coat. *Russians spend typically CZK25,000-30,000 (USD1,438-1,726) per single tax-free shopping in Dior while at Gucci it is CZK18,000 (USD1,035). *In the luxury chain Prospekta Moda, ...


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