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 Trade, Except Of Motor Vehicles And Motorcycles 47 - Retail Trade, Except Of Motor Vehicles And Motorcycles
250 jobs Number of planned job creations
Announcement Date
25 April 2024
Employment effect (start)
28 April 2024
Foreseen end date
31 December 2024
Description
The retailer chain Billa Bulgaria plans to open 12 new stores in 2024, including the first ones in Tutrakan and Teteven, and create 250 jobs. The planned sustainable investment in Bulgaria for the whole of 2024 is over BGN 120 million (EUR 60 million).
A warehouse base is also under construction near the Stara Zagora village of Zagore, which is expected to be completed and commissioned in 2025. The base is located on 55 acres and will lead to the creation of 200 jobs. 90% of the electricity there will come from photovoltaic systems.
The latest figures show that in 2023 the company will grow by 15% compared to 2022, reaching a turnover of BGN 1.423 billion. The company also registered a 5.4% growth in terms of number of customers, he added. Indeed, Billa Bulgaria ranks in the top three of the REWE group (the chain's parent company) in terms of turnover growth
Eurofound (2024), Billa Bulgaria, Business expansion in Bulgaria, factsheet number 201098, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201098.
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