Companies / Lithuania
Maxima Suspends Investment Funds
August 2008 | Company News AlertLithuanian retailer Maxima has decided to suspend LTL130mn (US$58mn) worth of planned expansion investments, due to the economic slowdown currently hitting the local economy. Nevertheless, the company is still moving forward with seven planned new stores, as it is not all bad news for the Lithuanian mass grocery retail (MGR) market.
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