The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale In Non-Specialised Stores 47.1 - Retail sale in non-specialised stores
200 jobs Number of planned job creations
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63123.
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