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McDonald's plans to invest around $112 mln in Russia in 2016

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.

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McDonald's plans to fully localize production in Russia

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.

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