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

The Basmanny Court of Moscow arrested Michael Calvey, the founder of Baring Vostok investment fund, on allegations of embezzling 2.5 billion rubles from Vostochny Bank. Calvey will be held in custody until April 13

Putin informed about arrest of US investor Michael Calvey
Comments
Smartphones and social networks not allowed in the Russian Army
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Trump Reportedly to Declare a National Emergency for Border Wall Funding
The Hypocrisy of the Chinese World Dog Show
UK wants Sergei Skripal dead
The Hypocrisy of the Chinese World Dog Show
The Hypocrisy of the Chinese World Dog Show
International Opposition to Attempted Trump Regime Coup in Venezuela
Homosexuality and the Decline in American Values
Russia's S-400 missiles lost in storm during transportation to China
The Hypocrisy of the Chinese World Dog Show
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
New 'bill from hell' against Russia to bring hell to USA
New 'bill from hell' against Russia to bring hell to USA
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Smartphones and social networks not allowed in the Russian Army
The Hypocrisy of the Chinese World Dog Show
The Hypocrisy of the Chinese World Dog Show
In Haiti, protesters ask Putin to help