2 Mar 2016 16:17

Restaurant market shrinks 5.9% in January - Rosstat

MOSCOW. Mar 2 (Interfax) - Turnover at restaurants, cafes and bars in Russia declined 5.9% in January 2016 year-on-year to 95 billion rubles, Rosstat said on Wednesday.

That was an improvement on the year-on-year contraction of 7.4% recorded in December 2015.

The restaurant market shrank 6% to 1.293 trillion rubles in 2015 overall.

Rosinter Restaurants Holding , Russia's only publicly traded restaurant group, has not published financial results for 2015. Its sales plummeted 18.9% year-on-year in H1 2015 to 3.913 billion rubles.