Milestones

1993

Business launch: Vladimir Vasilko and Sergei Litvin set up a company focused on small-scale wholesale of food products.

1997

Eurotorg is one of the largest food wholesalers in Belarus. The Company enters the retail segment and launches its first store under the Euroopt banner.

2008

The founders of the Company decide to focus on food retail, which becomes the key business line. Eurotorg’s financial reports under IFRS are audited by the Big Four accounting firms.

2010

The Company becomes the first retailer in Belarus operating stores across all of the country’s regions.

2012

Eurotorg raises long-term financing from the EBRD, a landmark international investor. By the year-end, the Euroopt chain consists of more than 100 stores.

2014

Eurotorg launched E-dostavka.by, the first online grocery in the country.

2015

In 2014–2015, the retail chain doubles in size: the number of stores exceeds 430. Euroopt is named the Best Retailer of the Year at the prestigious Europa Property Awards.

2016

Eurotorg actively pursues international partnerships and signs a joint purchase agreement with Lenta, a leading Russian hypermarket chain.
New initiative in e-commerce: dry food and non-food online platform Gipermall.by.

2017

The Company receives corporate credit ratings from Fitch and S&P on par with that of the sovereign. Eurotorg successfully debuts on international capital markets, placing a USD 350 million Eurobond on the Irish Stock Exchange.

2018

Active expansion of Euroopt grocery stores in underpenetrated rural areas.
Drogerie market entry: Magiya stores launched.