Type
Business expansion
Country
Bulgaria
Region
Yuzhna Bulgaria; Yuzhen tsentralen; Plovdiv
Location of affected unit(s)
Sector
Wholesale / Retail
Retail trade
Retail trade
47 - Retail trade

102 jobs
Number of planned job creations
Job creation
Announcement Date
29 June 2005
Employment effect (start)
Foreseen end date

Description

The German company Praktiker has built their second hypermarket in Bulgaria. It was built in 6 months in the city of Plovdiv with an investment of €6 million. Praktiker will deal with more than 50,000 items and mainly with Bulgarian distributors. Praktiker is planning the establishment of a chain shop, consisting of 8 stores. The company has planned to open a new hypermarket in Varna (in July 2005) and a second hypermarket on the territory of Sofia (in October 2005).


Sources

Citation

Eurofound (2005), Praktiker Bulgaria AD, Business expansion in Bulgaria, factsheet number 61919, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61919.