Foodstuff, Good for Business, Latvia, Markets and Companies

International Internet Magazine. Baltic States news & analytics Thursday, 09.07.2020, 00:50

McDonald's in five years has invested EUR 5.6 mln in business development in Latvia

BC, Riga, 12.08.2019.Print version
US fast food chain McDonald’s in the past five years has invested EUR 5.6 mln in business development in Latvia, said McDonald’s representatives said LETA.

In 2018, McDonald’s restaurants served 4.6 mln visitors.

In 2019 the company plans to invest more than EUR 300,000 in employees growth, training and motivational programs. At present McDonald’s employs 600 people in Latvia.

McDonald’s executive director in the Baltic states, Vladimirs Janevskis, said that this year 25 years pass since McDonald’s opened its first restaurant in Riga, which is still the most popular McDonald’s restaurant in the Baltic states. At present the company runs 13 restaurants in Latvia and serves several million customers a year.

As reported, Premier Restaurants Latvia, the company which operates the chain of McDonald's fast-food restaurants in Latvia, saw an 12.1% increase in turnover last year. The turnover reached EUR 40.51 mln, while the company’s profit increased 20.5% to EUR 1.955 mln.

Founded in 1994, Premier Restaurants Latvia, now operates 12 McDonald's fast food restaurants in Latvia. The company is fully owned by the Maltese-registered Premier Capital B.V.

    Search site