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City news, 07.06.2005 18:45

McDonald's Plans

McDonald , Khamzat Khasbulatov, president of the corporation's Russian division, told reporters on Tuesday.

"Investments in one restaurant average $1.5 million-$2 million. We are planning to open five to six outlets a year in St. Petersburg," he said.

McDonald's also plans to open several McDonald's cafes in St. Petersburg and refurbish several existing restaurants, Khasbulatov said. McDonald's will open a total of 25 outlets in Russia in 2005, he said. [RU ASIA EUROPE EEU EMRG US FOD LOA] rm

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