The world's largest soft drink producer Coca-Cola plans to invest some $1 billion in developing its production in Russia, the president of the company's Russia, Ukraine & Belarus Business Unit said on Wednesday.
Zoran Vucinic also said at an international forum in the city of Nizhny Novgorod on the Volga that by 2020 Coca-Cola is to double the volume of its business in Russia.
Nizhny Novgorod has hosted a Coca-Cola drink plant since 1996.
Coca-Cola, based in Atlanta, Georgia, sells its products in over 200 countries. The company entered the market of the Soviet Union in the late 1980s. In 2009, the company said it intended to expand its business in Russia.
NIZHNY NOVGOROD, October 27 (RIA Novosti)
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The solution to the Ukrainian problem will directly depend on how the military operations unfold in Donbass. If the militia fighters take over the strategic initiative, win back Donbass and extend the war to the Zaporozhye and the Kharkov regions, then Kiev will be more amenable to a compromise