Locked content AmRest finalizes franchise agreement with Pizza Hut Europe

AmRest finalized a franchise agreement with Pizza Hut Europe, giving AmRest the rights of a master-franchisee for the Pizza Hut brand in Russia, Azerbaijan, and Armenia. AmRest wants to open over 200 Pizza Hut restaurants on the Russian market within five years. The franchise agreement was concluded...

Locked content Poland arrests suspected Russian spy. Will expel 4 Russian diplomats

Poland’s security agents have detained an Energy Ministry official on suspicion of providing Russia with secrets about Polish energy sector The official, who has been identified only as Marek W (name withheld under Polish privacy law) is suspected of providing Moscow with the information on how Wars...

Locked content AmRest to invest €6 mln in Russian bakeries

WSE-listed restaurant operator AmRest signed a cooperation agreement with LPQ Russia regarding the development of a restaurant activity in the bakery segment on the Russian market, the company said in a market filing. AmRest will invest €6 million in the venture and will become the majority sharehol...

Locked content AmRest finalizes the takeover of Russian KFCs for PLN 105 mln

WSE-listed restaurant operator AmRest finalized the takeover of 21 KFC restaurants in Russia for PLN 105 million, the company said in a market filing. Local businesswoman Svetlana Mikhailovna Popova was the seller. Currently, AmRest operates 120 KFC restaurants in Russia. The deal was signed back in...

Locked content AmRest continues Russian expansion

WSE-listed restaurants operator AmRest signed a master franchisee deal for Pizza Hut’s operations in Russia and to acquire 18 Pizza Hut restaurants in the country, AmRest said in a market filing. “As a result of the planned transaction, AmRest’s subsidiary will become the master-franchis...

Locked content Court orders Russia to pay building fees

A district court in Warsaw issued a declaration on Wednesday stating that Russia owes Poland PLN 7.8 million for using a building without having a valid contract to do so, a report on Radio Poland said. “The Russian Federation, which was aware of the date of the hearing, did not attend and did not t...

Locked content Poland and Russia come to an agreement on transport permits

According to a report in Rzeczpospolita on Thursday, Russia and Poland have come to an agreement on the number of permits to be granted to carriers transiting through each other’s respective countries. A total of 190,000 new permits will be given in 2017, with Poland receiving 142,000, the report st...

Locked content Waszczykowski: Russian response inappropriate

Poland’s Foreign Minister Witold Waszczykowski called the recent deployment of nuclear-capable Iskander missiles into the Kaliningrad enclave inappropriate. “We believe that the Russian response, the moving of missiles, is an inappropriate response to NATO’s activity,” Waszczykowsk...