AmRest to invest up to PLN 400 mln, chary about Russia

Wrocław-based, international restaurant operator AmRest will invest up to PLN 400 million and plans to open 80 locations this year. However, it is going to shrink its investments in Russia. "In order to achieve the highest return on investment, the largest number of new restaurants will be opened in Central and Eastern Europe, Spain and 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.