Type
Business expansion
Country
Bulgaria
Region
Yuzhna Bulgaria; Yugozapaden; Sofia (stolitsa)
Location of affected unit(s)
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale Of Automotive Fuel In Specialised Stores
47.3 - Retail sale of automotive fuel in specialised stores

300 jobs
Number of planned job creations
Job creation
Announcement Date
12 February 2006
Employment effect (start)
31 March 2006
Foreseen end date

Description

Petrol AD, the leading distributor of automotive fuel in Bulgaria will build 50 trade complexes in some of its petrol stations till the end of 2006, announced told director of Trade and marketing department Mr. Ivan Kostadinov. The project is a part of the company’s' strategy to enlarge its petrol-stations network and to widen the range of offered goods. About 300 new working places will be created, told ERM Mr. Ivan Neykov, Supervisory Board member. Currently, Petrol AD has 120 trade complexes all over the country. The aim for 2007 is to increase the number to 170. Petrol has the biggest number of petrol stations in Bulgaria. They could be an alternative to shops and supermarkets, Mr. Kostadinov said.


Sources

Citation

Eurofound (2006), Petrol AD, Business expansion in Bulgaria, factsheet number 63022, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63022.