05.02.2012

In preparation for the latest revamped version of the Hidden Heroes report (written in conjunction with Deloitte), I’ve been researching the retail sector of Kazakhstan. You can download a free version of last year’s report here.

Kazakhstan’s growing economy, combined with an underdeveloped modern retail sector (particularly in terms of food retailing) means that it is attracting a growing amount of attention from leading global players.

Retail sales had been growing strongly since the turn of the millennium, with annual rates of growth exceeding 20% in local currency. Between 2004 and 2008 the size of the country’s retail sector effectively doubled. However, the impact of the global economic crisis led to a slowing in the rate of growth from 2008 until 2010, although it has picked up as conditions have improved and confidence has returned.

http://blog.emap.com/Rob_Gregory/2011/07/18/kazakhstan-set-for-growth/