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
-
On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
-
Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
-
Azerbaijan Railways (AZD) has launched rail transit shipments from Zira Port, located 45 kilometers east of Baku, strengthening the country's position as a logistics hub on the Middle Corridor.
-
Azerbaijan’s state-owned electricity producer, Azerenergy, is advancing the construction of six hydroelectric power plants (HPPs) in the Kalbajar and Lachin districts as part of the country’s efforts to expand its renewable energy capacity. The plants, with a combined capacity of 37.5 megawatts (MW), are expected to be commissioned in the first half of 2025, according to the company.
Leave a review