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.
Severna i Yugoiztochna Bulgaria; Severozapaden; Vratsa
Location of affected unit(s)
Sector
Wholesale / Retail 47 - Retail trade 47.1 - Non-specialised retail sale 47.1 - Non-specialised retail sale
100 jobs Number of planned job creations
Announcement Date
2 June 2005
Employment effect (start)
3 January 2006
Foreseen end date
Description
Kaufland has started building a hypermarket in Vratsa. Some BGN 6 million will be invested in the new hypermarket where some 100 persons are expected to be hired. For the region of Vratsa - where the official unemployment rate in April 2005 is 19.58% (data from the national Employment agency) – this annoucement gives a good chance for 100 persons to re-enter the labour market. Kaufland will continue building network of hypermarkets around the country.
Eurofound (2005), Kaufland, Business expansion in Bulgaria, factsheet number 61686, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61686.