Media Markt expands into Russia

4 December 2006 — Moscow (RUS): Media Markt has entered the Russian market by opening two stores in Moscow at the weekend. A third store is expected to open in St Petersburg by the end of the month.

In a statement, the company said: "There are only very few countries that offer more market potential than Russia. Spending power there is growing enormously while the country’s overall demand for electrical products is far from met."