Business
McDonald’s restaurants reopen in Russia under new name
McDonald’s (MCD.N) restaurants flung open their doors in Moscow once again on Sunday under new Russian ownership and a new name: Vkusno & tochka, which translates as “Tasty and that’s it”, Reuters reported.
The new dawn for Russia’s fast-food scene will initially see 15 rebranded restaurants open in and around the capital after the U.S. burger giant turned its back on the country over what Russia calls a “special military operation” in Ukraine.
According to Reuters the reopening of the outlets, three decades after McDonald’s first opened in Moscow in a symbolic thaw between East and West, could provide a test of how successfully Russia’s economy can become more self-sufficient and withstand Western sanctions.
Oleg Paroev, chief executive of Vkusno & tochka, said the company was planning to reopen 200 restaurants in Russia by the end of June and all 850 by the end of the summer.
“Our goal is that our guests do not notice a difference either in quality or ambience,” Paroev told a media conference in what used to be the first McDonald’s restaurant that opened in Soviet Moscow in 1990.
Alexander Govor, the new owner of the chain, said the company employs 51,000 people, read the report.
“The corporation asked me to, first of all, keep the headcount, to provide people with work. That’s what I’m going to do,” he added.
The rebranded fast-food chain will keep its old McDonald’s interior but will expunge any references to its old name, said Paroev, who was appointed Russia McDonald’s CEO weeks before Moscow sent tens of thousands of troops into Ukraine on Feb. 24, Reuters reported.
Paroev said the company would keep “affordable prices” but did not rule out that they would go up slightly in the near term.
Business
Hairatan railway port sees over 280 wagon arrivals daily from Central Asia
The Hairatan railway port in northern Afghanistan receives between 280 and 300 freight wagons daily from Central Asian countries, highlighting its growing role in connecting Afghanistan to regional and international markets.
The 75-kilometer Hairatan–Mazar-e-Sharif railway links Afghanistan with Uzbekistan and provides a key route for transporting goods from Central Asia, China and other international markets into the landlocked country.
Sayed Qadim Karimi, head of railway transportation at Hairatan port, told China’s Xinhua news agency that trade activity had increased this year, with an average of 280 to 300 wagons arriving at the port each day.
He said the railway transports a wide range of goods to Afghanistan, including clothing, medical equipment, machinery and electrical equipment, adding that trade with China had expanded in recent years.
Afghan traders say the railway connection has helped strengthen commercial ties with China and other regional countries while making it easier to transport imported goods.
“We transport our goods from China by freight train via Kazakhstan and Uzbekistan and receive them at Hairatan port,” businessman Ahmad Agha told Xinhua.
Agha said trade with Chinese businesses offered promising opportunities and expressed hope that further railway development would strengthen commercial ties with Kazakhstan, Russia and European countries.
He added that rising cargo volumes had created employment opportunities for local residents, with hundreds of workers handling containers at the port daily to support their families.
Another Afghan businessman, Ahmad Farid Fardan, who imports women’s clothing and colorful fabrics from China, said the railway connection had strengthened trade relations between the two countries.
Fardan expressed hope that expanding railway networks would help Afghanistan broaden its trade and economic relations with China and other countries in the region.
The railway’s role in China-Afghanistan trade dates back to 2016, when the first cargo train from China reached Hairatan as part of a pilot project. In 2019, Afghanistan sent its first export train to China, carrying several containers of talc powder.
The Hairatan railway remains an important transport link for Afghanistan’s import and export activities, offering access to regional markets and broader trade networks extending to Kazakhstan, Kyrgyzstan, Russia, China and Europe.
Business
Afghanistan, US business leaders discuss trade and investment opportunities
Hashemi welcomed the delegation and underscored the importance of strengthening cooperation between the Afghan and US private sectors.
Afghanistan’s Chamber of Commerce and Investment (ACCI) has met with the Afghanistan–America Joint Chamber of Commerce to discuss expanding economic cooperation, strengthening trade ties and identifying potential investment opportunities.
According to the ACCI, the meeting was held on Sunday, October 11, at its headquarters in Kabul. Participants included ACCI Director General Sayed Karim Hashemi, Afghanistan–America Joint Chamber of Commerce President Jeffrey Greico and several members of the joint chamber.
Hashemi welcomed the delegation and underscored the importance of strengthening cooperation between the Afghan and US private sectors. He said establishing large joint-stock companies involving domestic and foreign investors could provide an effective financing mechanism for major economic projects.
Highlighting Afghanistan’s economic potential, Hashemi encouraged American businesses and investors to explore opportunities in infrastructure and industry, particularly oil refining, mineral extraction and processing, and large-scale manufacturing.
Greico praised the ACCI’s efforts to promote Afghanistan’s business environment, describing the fifth Imam Abu Hanifa National and International Exhibition as an important platform for showcasing the country’s economic potential and expanding commercial ties. The exhibition brought together traders, industrialists and representatives from neighbouring and regional countries.
He also proposed holding specialized economic discussions and panel sessions, encouraging Afghan businesses to participate in regional and international conferences, and strengthening engagement with international economic institutions.
Members of the Afghanistan–America Joint Chamber of Commerce also presented their views and proposals on expanding bilateral trade and identifying opportunities for joint investment.
Business
Afghanistan signs nearly $400 million in regional trade and investment deals
The event also featured business-to-business meetings, providing Afghan and foreign companies with opportunities to discuss potential joint investments and commercial partnerships.
Afghanistan has signed trade and investment memorandums of understanding worth nearly $400 million with regional and international companies, according to the Afghanistan Chamber of Commerce and Investment (ACCI).
The agreements were signed on Friday evening during a business matchmaking event held on the sidelines of the fifth Imam Abu Hanifa National and International Exhibition in Kabul.
The event brought together Afghan business representatives, foreign investors and diplomatic officials, with participants from Uzbekistan, India, Kazakhstan, Turkmenistan and Kyrgyzstan attending discussions aimed at expanding economic cooperation and strengthening commercial ties with regional markets.
The ACCI said the meetings highlighted Afghanistan’s strategic geographic location, natural resources, agricultural potential, industrial capacity and domestic products as areas offering opportunities for foreign investment.
Zulgi Arin Azimi, the chamber’s deputy head for investment affairs, described the exhibition and business meetings as important platforms for building trust, strengthening economic partnerships and encouraging international investors to explore opportunities in Afghanistan.
Sherzad Ibrahimov, deputy chairman of the Uzbekistan Chamber of Commerce and Industry, stressed the importance of implementing previously signed agreements and removing technical and administrative barriers to trade.
The event also featured business-to-business meetings, providing Afghan and foreign companies with opportunities to discuss potential joint investments and commercial partnerships.
The ACCI said the newly signed agreements could help boost trade, attract foreign investment and create opportunities for businesses in Afghanistan and partner countries. However, it did not disclose the sectors covered by the agreements or provide details on their implementation timelines.
The agreements come as Afghanistan seeks to expand regional economic cooperation and attract foreign investment through international trade exhibitions and direct engagement between businesses.
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