Source Pravda.Ru

Metro to invest 1bn euros in Russia

Germany's Metro AG holding plans to invest up to 1 billion euros in Russia's economy, the Chairman of the holding's Board of Directors Hans-Joachim Koerber announced. One of the goals of Koerber's visit to Russia is to expand the holding's business to Russia's regions. The holding plans to open up to 50 new stores in Russian regions, he noted. First of all, the holding is interested in cities in the Volga Federal District. Currently, the holding has four stores in Moscow and one in St. Petersburg.

In 2000 to 2003, Metro AG invested about 150 million euros in Russia. The holding's total turnover stands at 51.5 billion euros in 26 countries, the Russia Journal reported.

© &to=http://www.rbc.com' target=_blank>RBC

Comments
World War Three is near? The West wants to bypass Russia's veto at UN Security Council
Israel can learn many lessons with the help of Russia's S-300 air defence systems in Syria
Russian Defense Ministry shows fragments of 'smart missiles' shot down in Syria
Large lake of boiling water found on Mars
USA highly concerned about Russia's cold-blooded silence in response to missile attack on Syria
UN to say amen to aggression against Syria
Israel vows to destroy Russia's S-300 in Syria in case of danger
Defending the Social Media with the four-letter word
Defending the Social Media with the four-letter word
World War Three is near? The West wants to bypass Russia's veto at UN Security Council
World War Three is near? The West wants to bypass Russia's veto at UN Security Council
World War Three is near? The West wants to bypass Russia's veto at UN Security Council
West at a loss: Russia is ready for $40 oil price
West at a loss: Russia is ready for $40 oil price
Iran strongly determined to fight for Golan Heights
Israel vows to destroy Russia's S-300 in Syria in case of danger
Israel vows to destroy Russia's S-300 in Syria in case of danger
Israel vows to destroy Russia's S-300 in Syria in case of danger
Russia to deliver S-300 air defence systems to Syria for free
UK's Lehram fails to challenge the sale of Kuzbass mine
UK's Lehram fails to challenge the sale of Kuzbass mine