AmRest to invest up to PLN 400 mln

Wrocław-based, international restaurant operator AmRest will invest up to PLN 400 million and plans to open 80 places this year. However, it is going to shrink its investments in Russia. "In order to achieve the highest return of investment, the largest number of new restaurants will be open in Central Eastern Europe, Spain and in China. Despite existing opportunities to expand in Russia, the investments in this market will be limited significantly, until the political circumstances in the region become stable," the press release reads. "CAPEX (capital expenditures) will amount to roughly PLN 400 million," the company informed. AmRest controls 808 restaurants. Sales revenues of the group increased by 9.3 percent and reached around PLN 3 billion in 2014.