The world’s largest fast food chain, McDonald’s, said it will invest over RUR5bn ($168.7mn, or (EURO)128.8mn) in business development in Russia, according to Khamzat Khasbulatov, CEO of McDonald’s Russia and Eastern Europe.

In 2011, the company opened 37 more outlets in Russia and modernized a number of existing operations, Khasbulatov told a news conference. It also continued improving the working conditions of its employees. Total investment in these programs exceeded RUR5bn last year.

McDonald’s operates through 314 outlets in more than 85 Russian cities.