Tag: furniture

Furniture producers from the Kaliningrad Region are requesting to impose a bankruptcy moratorium

The Association of Kaliningrad Furniture Producers filed a request to Anton Alikhanov, Governor of the Kaliningrad Region, to impose a region-wide 1-year moratorium on initiating bankruptcy cases in relation to debtors from the furniture industry. Industry representatives note...

Association of Furniture and Woodworking Enterprises of Russia: furniture production in Russia surged by 33% in 2023, up to 66.7 million pieces

Production of kitchen furniture (tables, cabinets, etc.) soared the most—by 81%. The output increased by 23% YoY in monetary terms, up to 438 billion rubles (it was 356 billion rubles in 2022). Furniture prices in the domestic market...

In 2024, Askona is planning to open up to five new hypermarkets

Askona Group is planning to open three to five new hypermarkets in 2024, as Alexander Manenok, Group CEO, shared in an interview with TASS. In summer 2023, the company opened its first hypermarket in Moscow called Askona Home....

Russian furniture output surged

In January—September 2023, the Russian furniture output surged by 27.3% YoY, reaching 46.7 million pieces, as reported by Rossiyskaya Gazeta referencing the Association of Furniture and Woodworking Enterprises of Russia. In September 2023, the furniture output increased by...

Association of Furniture and Woodworking Enterprises of Russia: Russian furniture producers replaced IKEA products over the year

Russian furniture producers were able to fully take over IKEA’s share in the Russian market, as reported by Izvestia referencing studies of the Association of Furniture and Woodworking Enterprises of Russia. According to the Association, in 2021, the...

Association of Furniture and Woodworking Enterprises of Russia: In H1 2023, the Russian furniture output increased

Based on the H1 2023 performance, the furniture output in physical terms grew by 8.6% YoY, up to 28.8 million units, as reported by Kommersant referencing data from the Association of Furniture and Woodworking Enterprises of Russia. Particularly...

Ormatek will start producing furniture and mattresses in the Rostov Region

Ormatek, a company producing and selling sleeping goods, is planning to start making mattresses and furniture in the Rostov Region by the fall of 2023, as was announced at the Innoprom Forum in Yekaterinburg. According to the Investment...

Almost every fifth Russian saves money for furniture after buying real estate

According to a study by Yandex.Realty, buying an apartment forces 32% of respondents to start saving money primarily for renovation, 29% begin to think about traveling, and 18% of the surveyed start saving for furniture. For this reason,...

Federation Council suggested introducing prohibitive duties on furniture and paper from unfriendly countries

The Federation Council suggests that the Cabinet of Ministers introduce prohibitive import duties on several types of furniture, paper, and packaging from unfriendly countries, says a draft resolution of the Council on Forest Sector Development Issues of the...

The output of furniture in Russia decreased by 10% in January-February 2023

As Kommersant reports, with reference to the data of the Association of Furniture and Woodworking Enterprises of Russia, the output of Russian furniture decreased by 10% YoY and totaled 7.9 million pieces in January-February 2023. As the Association...

President of the Russian Federation suggested including the spending on windows, doors, and built-in furniture in amounts covered by mortgage loans for new homes

The President of the Russian Federation instructed the Government, together with DOM.RF and involving the Central Bank and the Deposit Insurance Agency, to consider including the spending on Russian-made windows, doors, and built-in furniture in the amount covered...

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

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...