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Moscow Restaurants Suffer in Bad Economy, Look for Opportunity

Moscow's casual dining scene has grown exponentially in the past decade, but Russia's economic decline, the drop in the value of the ruble and high inflation are taking a toll. Igor Bukharov, president of the Russian Federation of Restaurateurs & Hoteliers, estimated that as many as 30 percent of restaurants in Moscow might be forced to close this year as Russians tighten their belts. “The restaurants close down not only because of a high rent or low purchase power of the...

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