Baku is to open two new franchised restaurants - IL Patio and Planet Earth. Their founder is Rosinter. The local partner is the Russian giant in public catering business, LLC Mosaic Group, which already has control of two restaurants.
According to Director of Development of Franchising Business at Rosinter, Anastasia Orlova, during the presentation, the increased presence of this line is one of the priorities of the strategy of the holding. Another strategic focus is to open restaurants in the transport hubs - in airports and train stations.
Last year the total number of restaurants in the network Rosinter was 408 (including 28 coffee shops Costa Coffee). During the first quarter, the number of restaurants dropped to 395. During January-March, the company closed 13 restaurants, which had not reached the target level of profitability.
Franchising is an advanced form of licensing, in which one party (the franchisor) grants another party (the franchisee) the gratuitous right to act on its behalf, using the trademarks and / or brands of the franchisor. - 17D-
Economics
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The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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