RUSSIALINK: “Russian Ruble Is World’s Most Undervalued Currency on Big Mac Index” – Moscow Times
… The Big Mac Index compares the price of the famous McDonald’s burger across the world […]
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NEWSWATCH: “McDonald’s to Open at Least 50 New Restaurants in Russia in 2017” – Reuters
McDonald’s plans to open more than 50 restaurants in Russia this year and hopes to sign more franchising deals to expand in existing and new regions, the local unit’s chief executive said on Tuesday. The fast-food chain opened 73 restaurants in Russia last year, exceeding its forecast. Of the newly-opened restaurants, 65 are company-owned, Khamzat Khasbulatov, head of McDonald’s Russia, […]
» Read moreNEWSLINK: “McDonald’s to open more than 60 restaurants in Russia in 2016” – Reuters
“Croneyburger please, easy on the austerity”: Inside Russia’s fast-food farce
(Business New Europe – bne.eu – Nick Allen in Berlin – April 13, 2015) The trademark meat dish could perhaps be called “The director’s cut”: Two prolific Russian film directors recently sought a $19mn state credit from President Vladimir Putin to launch an unlikely new national fast-food chain as a counterweight to McDonald’s and other foreign operators. And they got […]
» Read moreMcDonald’s Moscow Restaurant Reopens After 3-Month Shutdown
(Bloomberg – bloomberg.com – Leslie Patton, Ilya Khrennikov – November 19, 2014) McDonald’s Corp.’s (MCD) largest restaurant in Russia reopened after local officials shuttered the location for three months, an optimistic sign for a company trying to return to business as usual in the country. The outlet, situated in Moscow’s Pushkin Square, resumed business today, said Svetlana Polyakova, a spokeswoman […]
» Read moreMcDonald’s to Open for First Time in 30 Russian Cities
(Moscow Times – themoscowtimes.com – July 2, 2014) McDonald’s plans to open 70 restaurants in 30 Russian cities by the end of this year, significantly expanding its reach into cities that were never home to the fast food empire before, McDonald’s development director in Russia told ITAR-Tass on Tuesday. “We’ll have restaurants in Siberia, in the Central Federal District, and in […]
» Read moreMost Russians Support McDonald’s Closures, Poll Says
(Moscow Times – themoscowtimes.com – April 15, 2014) Liberal Democrat Party leader Vladimir Zhirinovsky’s call to close all McDonald’s restaurants in Russia received a lot of media attention, and a recent poll shows that most Russians would be glad to see the back of the fast food chain. Sixty-two percent of respondents support the closure of all McDonald’s in Russia, […]
» Read moreBurger King Expands Into Crimea After McDonald’s Exit
(Moscow Times – themoscowtimes.com – Peter Hobson – April 10, 2014) U.S. fast food giant Burger King plans to expand its chain into Crimea, filling the vacuum left when McDonald’s pulled out of the peninsula last Friday, citing unspecified supply issues. Burger King currently has no outlets in Crimea, which has been at the center of tensions between Russia and […]
» Read moreNEWSLINK: Fast food conquers Russia, brings obesity
[“Fast food conquers Russia, brings obesity” – ITAR-TASS – Lyudmila Alexandrova – February 18, 2014 – http://en.itar-tass.com/opinions/1676] ITAR-TASS tries to blame McDonald’s for Russian obesity: Russia’s first McDonald’s fast food restaurant opened on downtown Moscow’s Pushkinskaya Square in late January 1990, causing unprecedented buzz among Muscovites who formed a multi-kilometer line to taste American fast food. International fast food came […]
» Read moreMcDonald’s sales growth in Russia tops U.S., Europe
(Russia Beyond the Headlines – rbth.ru – Maria Balyuk, special to RBTH – July 22, 2013) In 2012, the McDonald’s fast food restaurant chain increased its sales in Russia by 19.6 percent, SPARK-Interfax reported. Although growing costs prevented the burger chain from scoring a more successful year than 2011, McDonald’s has remained one of the most successful restaurant operators in […]
» Read moreBig Mac Fights Subway Shrimp in Russia Fast-Food Fracas
(Bloomberg – bloomberg.com – Ilya Khrennikov – March 17, 2013) More than two decades after McDonald’s Corp. (MCD)’s outlet on Moscow’s Pushkin Square began offering a golden-arched alternative to grey communist eateries, the fast-food pioneer is on the defensive. McDonald’s, which virtually created the market for burgers and fries in the country and convinced Russians it’s okay to eat with […]
» Read moreUS Fast Food Chains Banking on Russian Bellies
WASHINGTON, February 25 (By Sasha Horne for RIA Novosti) The Kremlin has moved aggressively in recent months to stifle US influence on its domestic politics, but America’s fast-food footprint continues to grow across Russia’s nine time zones. Iconic US eatery McDonald’s has announced it could widen its presence from Russia’s western exclave of Kaliningrad to eastern Siberia in a […]
» Read moreMcDonald’s could open 150 restaurants in Russia in three years
MOSCOW. Feb 21 (Interfax) – McDonald’s plans to open at least 150 restaurants in Russia in the next three years, the company’s president for Russia and Eastern Europe, Khamat Khasbulatov, told a press conference. The company opened 46 restaurants in 2011 and 37 in 2010. It opened its first diners in the Lipetsk region and cities of Saransk, Izhevsk and […]
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