IMF Executive Board decides on $1.8 billion conditional loan for GreeceBusiness & Economy July 21, 3:34
ExxonMobil launches legal challenge to finding it violated US sanctions against RussiaBusiness & Economy July 21, 1:36
Russian Knights aerobatic team to perform at Dubai airshowMilitary & Defense July 20, 21:28
Russia looks to its Navy to become world secondMilitary & Defense July 20, 19:10
ExxonMobil disagrees with US Treasury Department’s decision to assess fineBusiness & Economy July 20, 18:45
Putin signs decree on Russia’s navy policy until 2030Russian Politics & Diplomacy July 20, 18:39
Putin personally congratulates human rights champion Alexeyeva on her 90th birthdaySociety & Culture July 20, 18:20
Russian boxer Povetkin reinstated into WBO’s ratings, ranked eighthSport July 20, 18:08
Russia’s Syria campaign spending within current combat training costs — Defense MinistryMilitary & Defense July 20, 17:59
MOSCOW, January 25. /TASS/. McDonald's may increase investment in development of its Russian business to almost 9 bln rubles ($112 mln) in 2016, president of McDonald's Russia Khamzat Khasbulatov said on Monday.
"Our last year’s capital input was higher than we announced - around 8 bln rubles instead of 6 bln (rubles). This year it will be even higher by around 10%," he said.
Thus, the company’s investment in developing its Russian business may total around 9 bln rubles.
In 2015, McDonald's opened 59 new outlets in Russia versus 73 in 2014.
Last year Khasbulatov said he expected single-digit growth of profits in Russia in 2015, down from double-digit in the previous year.
"We finished the year better than expected, but sanctions affected the margins of Russia’s business," president said on Monday.
According to the top manager, in 2015 the company raised prices in its outlets due to the devaluation of the ruble, though the growth was below inflation.
In 2016, McDonald's plans to open around 60 own restaurants and develop franchised business.