Mcdonald's To Invest $50 Million

(Thursday, March 16, 2006) - Fast-food giant McDonald's plans to invest more than $50 million in expanding and upgrading its operations in Russia this year, Khamzat Khasbulatov, the corporation's president in Russia and Eastern Europe, said Wednesday.

The funds will go towards remodeling existing outlets and opening 25 new McDonald's eateries and up to 15 McCafe coffee shops, Khasbulatov said at a press briefing. Last year, 18 McDonald's eateries opened in Russia, bringing the total number of outlets to 147 in 37 cities across the country.

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