OREANDA-NEWS. January 29, 2010. December retail trade figures (Rosstat) revealed a 3.6% YoY decline in real terms, while the corresponding figure for nominal growth in food retail was 8.7% YoY, with food and non-food retail nominal growth at 4% YoY for the month, reported the press-centre of OTKRITIE Financial Corporation.

View: The continuing of this positive trend in nominal food retail growth supports our positive view on the food retail sector.

Action: We continue to favor Russia's food retail as the first sector to recover from the economic downturn.