Rus News Journal

Ritejlerov have rolled up in the State Banks

the Conjuncture

the Trading network Copeck belonging FK Uralsib freezes the long-term investment projects connected with acquisition and building of new shops, informs Interfax . The network keeps plans on input of new supermarkets during the current year (the annual investment program - $100 million). According to the head of service of Open Society public relations the Trading house Copeck Andrey Alimov, by the end of the year the network will extend to 520 grocery shops. For September, 30th it had 486 supermarkets, including own 285 and 201 franchajzingovyj. The liberated resources will be directed on strengthening of financial stability in the conditions of crisis of liquidity and acquisition of profile actives in sector of retail trade .

similar measures already declared X5 Retail Group, owning networks Pjaterochka the Crossroads the Roundabout etc. (see from September, 26th). Past Friday X5 has specified that has reconsidered plans on kapvlozhenijam for 2008 taking into account a situation in the financial markets and in Russia as a whole: earlier the company planned to invest $1,4 mlrd, the new forecast - $1 billion

CHRISTINA - BUSKO