WARSAW, Oct. 4 - US-owned Polish restaurant operator AmRest Holdings backed out of plans to establish a footprint in Ukraine in the near future after sinking PLN1.5 million in the country, the company said in a statement Wednesday.

"The decision was made based on the experience gained by AmRest over the past year," the company wrote. "We are convinced that over the coming several years the real-estate market and the general market situation will create conditions more conducive to development."