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Furniture

Association of Furniture and Woodworking Enterprises of Russia suggests increasing the import duty on European furniture to 50%

April 5, 2023 ` 15:28  
The Ministry of Industry and Trade received a proposal from the Association of Furniture and Woodworking Enterprises of Russia to increase import duties on wooden and cushioned furniture and mattresses from Europe from 8.5-12% to 50%. The increased...

Russian Timber Journal 02-2023: interview with Yuri Strezhen, CEO at Praktika Group; state support measures for the Russian timber industry affected by the sanctions pressure; China reduced log imports from all the main suppliers in 2022; Vladimir Putin proposed to grant enterprises a deferment on forest area lease payments for unharvested timber; the Government of the Russian Federation increased the maximum amount of compensation for the expenses of timber enterprises for the transportation of their products; in 2022, Russia reduced the volume of logging by 13.5% to 194.6 million m³, according to Roslesinforg; Russian Railways resumed accepting sawn timber for export shipments through Kazakhstan; International Paper reaches agreement to sell ownership interest in Ilim joint venture; Segezha Group may reorient the Segezha West project to new products; the volume of furniture export from Russia dropped by 39% YoY in 2022, down to 29.5 billion rubles; Luzales and Slotex acquire Russian assets of IKEA

Russian Timber Journal 02-2023: Yuri Strezhen, CEO at Praktika Group: “This is a good time to improve the efficiency of both production and administrative processes of enterprises”; support measures mentioned by the business, relevant agencies, regions, the Government...

Luzales and Slotex acquire Russian assets of IKEA

February 16, 2023 ` 12:54  
A government commission has approved the sale of Swedish furniture maker IKEA’s three plants in Russia to two Russian buyers. Deputy Trade and Commerce Minister Viktor Yevtukhov told the daily Izvestia that kitchen worktop manufacturer Slotex and lumber...

Association of Furniture and Woodworking Enterprises: the share of imported furniture in the Russian market reduced from 41% to 25% in 2022

February 14, 2023 ` 18:12  
Furniture production in the Russian Federation remained at the level of 2021 in physical terms but increased by 15% in monetary terms. Alexander Shestakov, President of the Association, believes that the niche freed up by the leaving foreign...

Association of Furniture and Woodworking Enterprises of Russia registers a reduction in prices for Russian furniture

September 9, 2022 ` 14:21  
The Association of Furniture and Woodworking Enterprises of Russia informs there was a decline in producer and retail prices for furniture in May 2022 due to the crisis of overproduction in the Russian market of wood-based panels. According...

IKEA liquidates the company operating its stores in Russia

September 6, 2022 ` 22:33  
IKEA, a chain of stores offering home goods, has decided to liquidate IKEA Dom, a company operating its stores in Russia. The legal entity filed an application for liquidation with the Federal Tax Service on August 15, as...

Russia has sharply increased the import of Turkish furniture

August 3, 2022 ` 17:05  
Russia is increasing imports of furniture from Turkey. The import of these products for the first six months of 2022 increased by 88.1% and reached $65 million. At the same time, according to the Anadolu agency, experts believe...