3/21/2008

Metro Group plans to open 10 large stores in Turkey

World News - Metro Group Executive Board President Eckhard Cordes said on Tuesday that they were planning to open 10 large stores in Turkey by investing approximately 100 billion euro. Metro Group CEO Cordes made public the balance sheet of Metro Group in 2007 at a news conference. Cordes said Metro AG Executive Board considered Turkey a magical country recording a very rapid growth rate and having an attractive economy. "Metro AG supports Turkey`s EU membership bid. Turkey presents very important exports opportunities," he remarked. Cordes said he would pay a visit to Turkey on April 8th, 2008 and meet Turkish PM Recep Tayyip Erdogan, indicating that he would give information to Erdogan about rules of modern trade related to the hypermarket law. Cordes said they were planning to open 6 Media Markets, 2 Real hypermarkets and 2 Metro Cash & Carry shops in Turkey.