Kaufland - Bulgaria

Type
Business expansion
Country
Bulgaria
Region
Yugozapadna i Yuzhna tsentralna Bulgaria; Yuzhen tsentralen; Plovdiv
Location of affected unit(s)
Sector
Wholesale / Retail
47 - Retail trade
47.1 - Non-specialised retail sale
47.11 - Non-specialised retail sale of predominately food, beverages or tobacco
200 jobs
Number of planned job creations
Job creation
Announcement Date
8 March 2006
Employment effect (start)
8 March 2006
Foreseen end date

Description

The first store of German supermarket-chain, Kaufland, has opened its doors in Bulgaria's second biggest city, Plovdiv, on March 8. Some 200 new jobs have been created, part of them in the offices of the company's Bulgarian headquarters. Kaufland plans to invest €300 million in Bulgaria and to open 40 stores. The timing of this development will very much depend on the financial results from the first investments, said Mr Spassov, manager of the firm in Bulgaria. Kaufland is the fourth German chain to open stores on the Bulgarian market - after Metro Cash and Carry; Billa (owened by the German REWE group) and HIT.

Sources

  • 9 March 2006: Pari
  • 8 March 2006: Dnevnik
  • 10 March 2006: Trud

Citation

Eurofound (2006), Kaufland - Bulgaria, Business expansion in Bulgaria, factsheet number 63123, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63123.