Kupchino Gets Food Market

A new food market has opened on Balkansky Square, at Kupchino metro station. Construction cost $500,000, invested by Stroiinvest.

<BR>A new food market has opened on Balkansky Square, at Kupchino metro station. Construction cost $500,000, invested by Stroiinvest.<BR>Construction work was begun on the 2000m2 building in April 1998. Stroiinvest Executive Director Vladimir Liepin said that rent for open trading areas (of which there are 80) will amount to 20 to 50 roubles per day, and closed trading areas (of which there are 70) will cost 3 million roubles per month. It is likely, however, that these rents will increase due to the crisis.<BR>"Usually such premises break even in about 4 years," says Liepin, "but in the present economic conditions it is difficult to make any predictions - perhaps it will be longer." If the situation stabilizes by the end of the year, Stroiinvest will begin another market alongside the first.