23 Dec 2010 13:58

Metro Cash & Carry opens EUR 20-mln store in Kaliningrad

KALININGRAD. Dec 23 (Interfax) - LLC Metro Cash and Carry, the Russian subdivision of Metro Group, opened its first cash and carry store in Kaliningrad on Thursday, a project that cost roughly EUR 20 million, a company statement says.

The center covers 12,300 square meters, including 7,500 square meters of store area.

"In view of our special geographical distribution, the Kaliningrad region is a unique part of Russia and of the free economic zone at that, which provides a special impulse to the region's economic development. This also shapes a high level of development of small and medium entrepreneurship, which means huge potential for our self-service wholesale business," the statement quotes LLC Metro and Carry General Director Jeroen de Groot as saying.

Metro Cash & Carry is represented in thirty countries with more than 670 self-service wholesalers. Including the new outlet in Kaliningrad, there are 57 of them in Russia. The outfit is part of Metro Group, which, aside from this format, is developing a chain of Real hypermarkets, the Media Markt and Saturn electronics chains, and Galeria Kaufhof department stores.