Lidl

Type
Business expansion
Country
Bulgaria
Region
Yugozapadna i Yuzhna tsentralna Bulgaria; Yugozapaden; Sofia
Location of affected unit(s)
Sofia, Stara, Zagora, Sliven, Plovdiv, Petrich, Pazardjik, Montana, Lovech, Kardjali, Varna, Gabrovo
Sector
Wholesale / Retail
47 - Retail trade
47.1 - Non-specialised retail sale
47.11 - Non-specialised retail sale of predominately food, beverages or tobacco
1,200 jobs
Number of planned job creations
Job creation
Announcement Date
17 November 2010
Employment effect (start)
25 November 2010
Foreseen end date
28 February 2011

Description

On 25 December, German retail chain LIDL opened fourteen hypermarkets across the country and created 1,200 new jobs. The new stores are located in Sofia, Stara, Zagora, Sliven, Plovdiv, Petrich, Pazardjik, Montana, Lovech, Kardjali, Varna and Gabrovo.

The German company has invested EUR 130 million in Bulgaria, said Minister of Regional Development Rosen Plevneliev. The investment is expected to increase to EUR 300 million.

According to Milena Dragiyska, manager of LIDL Bulgaria, the number of people employed will increase with the opening of new stores. The company will have between 20 and 25 stores in Bulgaria by February 2011.

Sources

Citation

Eurofound (2010), Lidl, Business expansion in Bulgaria, factsheet number 71261, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71261.