Business launch: Vladimir Vasilko and Sergei Litvin set up a company focused on small-scale wholesale of food products.
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.
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.
The Company becomes the first retailer in Belarus operating stores across all of the country’s regions.
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.
Eurotorg launched E-dostavka.by, the first online grocery in the country.
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.
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.
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.
Development of Euroopt grocery stores in underpenetrated rural areas.
Eurotorg has become the first non-Russian company to be assigned a credit rating by Russian rating agency (byA+). The Company has successfully placed two issues of bonds totalled RUB 10 bn and has signed a RUB 3.5 bn syndicated loan facility agreement with the key Russian banks.