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McDonald’s invests EUR 15.9 mln in Latvia in 7 years

BC, Riga, 13.11.2014.Print version
Fast food chain McDonald’s has invested EUR 15.9 million in Latvia during the past seven years, the company informed LETA.

McDonald’s currently provides 650 people with jobs, 19 of whom are handicapped. Every year, McDonald’s invests EUR 100,000 in employee training and motivation.


Last year, McDonald’s paid EUR 4.75 million in taxes.

 

McDonald’s has donated EUR 245,983 to charity fund Ronald McDonald House Charities Latvia in order to provide free healthcare for 10,360 children in Latvia's regions.

 

McDonald’s Managing Director in Baltics, Thomas Nawrocki says that McDonald’s aim is to become the most modern family restaurant. For this reason, the company plans to introduce new digital solutions, offer a wide choice of food, as well as continue donating to charity.

 

"Latvia is an important market to us, and we will continue expanding our business and investing into our employee and visitor satisfaction in order to ensure strong growth in the future," Nawrocki stresses.

 

McDonald’s has more than 34,000 restaurants in 119 countries.

 

According to information provided by "Firmas.lv", Premier Restaurants Latvia – the company that runs McDonald’s restaurants in Latvia – turned over EUR 29.63 million in 2013, which is 23 percent more than in 2012, when the company turned over EUR 24.19 million. The company's profit increased by 18 percent, reaching EUR 632,729.

 

McDonald’s began operating in Latvia in 1994 when it opened its first restaurant in the Old Town of Riga. At the moment, there are eleven McDonald’s restaurants in Latvia – ten in Riga and one in Jelgava.






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