Source Pravda.Ru

First Metro Cash & Carry Opens in St. Petersburg

The first center for light wholesale trading Metro Cash & Carry opened on Komendantsky prospect in St. Petersburg on Monday. Member of the Board of Metro Cash & Carry and Project Director for Eastern Europe and Russia Franz Muller told Rosbalt that the total area of the trade complex was 9.1 thousand square meters. Investment in the project reached Eur 25 million. The period of recoupment is 8-10 years, and a trade turnover at the complex of Eur 70 million is expected annually.

Muller said that the center has 11 thousand name brand grocery items, including 1200 suppliers predominated by Russian companies (80%) and of them St. Petersburg companies make up 30%. There are also 9 thousand name brand non-grocery trade items.

A second Metro Cash & Carry will open on Prospect Kosygina in St. Petersburg in June. Investment in the second store is valued at Eur 20 million. Moreover, a third store is planned to open in the city on the Neva by the end of the year.

There are a total of 437 Metro Cash & Carry trade centers currently operating in 24 countries. Total sales for the company was more than Eur 25 billion in 2002. More than 76% of their sales are international. The first Metro Cash & Carry opened in Russia in the beginning of November 2000 in Moscow. Currently there are three Metro Cash & Carry stores operating in Moscow.

© &to=http://www.rosbaltnews.com/' target=_blank>RosBalt

More than 5.8 million people voted for Nicholas Maduro at the presidential election in Venezuela. This is more than a quarter of registered voters. Why did those people vote for the man, who, as Western media write, took Venezuela to the brink of collapse?

Venezuela may expect another Panama scenario from 1989
Comments
Ukraine's exit from Commonwealth of Independent States will affect common Ukrainians most
USA sanctions Russian oligarchs and heads of state-run companies
USA sanctions Russian oligarchs and heads of state-run companies
USA sanctions Russian oligarchs and heads of state-run companies
Ukraine's exit from Commonwealth of Independent States will affect common Ukrainians most
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
Ukraine's exit from Commonwealth of Independent States will affect common Ukrainians most
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
British football fans spineless to unleash World War Three in Russia during World Cup
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
British football fans spineless to unleash World War Three in Russia during World Cup
Beautiful and terrifying: Russia shows video of Bulava ICBM underwater salvo launch
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Kremlin wants foreign invaders out of Syria
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
What may happen to foreign tourists traveling for 2018 World Cup in Russia
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Russian special services detain Hizb ut-Tahrir members in Crimea
Russian special services detain Hizb ut-Tahrir members in Crimea