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.
Real Estate Real Estate Activities Real Estate Activities 68 - Real estate activities
2,000 jobs Number of planned job creations
Announcement Date
11 April 2007
Employment effect (start)
10 April 2007
Foreseen end date
Description
Akropolis, the owner of two shopping and entertainment centres in Vilnius and in Klaipėda called Akropolis, opened a new shopping centre in Kaunas on 10 April 2007. More than 200 specialised stores have been opened in the centre. According to the administration, more than 2,000 new workers have been employed in Akropolis in Kaunas. During the first ten months of 2006 the sales of Akropolis in Vilnius and Klaipėda reached 884 million LTL. Akropolis belongs to the Vilniaus Prekyba Group of companies, which is one of the largest in the Baltic countries. The Vilniaus Prekyba Group consolidated sales volume in 2005 surpassed 1.8 billion EUR.
Sources
27 November 2006: Verslo zinios
Citation
Eurofound (2007), Akropolis, Business expansion in Lithuania, factsheet number 64518, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64518.
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