HiperCom choice of latest market news
Russia The German Metro Group is planning to increase the total amount invested in Russia within the next five years to approximately $750m. The company’s plans also involve expansion to the Far Eastern Federal District. In addition to the retail projects of Metro Cash & Carry (grocery) and Media Markt (consumer electronics and household appliances) the group may continue its property development projects in the country. With regard to Metro Cash & Carry, the group intends to increase the number of its hypermarkets from the current 69 to 100. At the same time, the Media Markt network is to double its ...
