| Metro Cash and Carry LLC opened a third small wholesale trade center in Moscow in Chertanovo. Its total area is 18.4 thousand, retail area is 10.5 thousand square meters. m. The volume of investment in construction amounted to 26 million euros. Metro CEO Herbert Zlabinger said that his company is pleased with the results of the first year of work in Russia. Each store now has 100 thousand customers and generates $80 million in annual turnover. The total amount of tax deductions for 2001 and nine months of 2002 amounted to about 20 million dollars (651 million rubles). Frans Muller, project manager for Eastern Europe, member of the board of Metro Cash & Carry GmbH, noted the importance of expansion in Russia for the company, since, according to him, the German economy is currently “experiencing some decline, and wholesale chains there have virtually no sales growth " In 2003, three more Metro wholesale centers will open in Moscow and two in St. Petersburg. Ekaterina SASHENKO
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