Teknosa expands in Romania

Teknosa, a company owned by Sabanci Holding, has entered the Romanian market by purchasing 51 percent shares of Primex, an electronic retailer in Romania. Romanian Primex's revenue in 2005 was of $ 41 million. It owns 62 stores ... More


"Metro Cash & Carry" opens up a distributive center in Novi Sad as well

In the industrial zone of Novi Sad, tomorrow (October, 18th, 2006) will be opened a distributive center of the German company, "Metro", fourth in Serbia. The mounting facility of characteristic appearance would be opened by ... More


Retailers ready for opening new 500 stores

Having taken almost all the locations available for retail shopping in Bucharest, the big chains increasingly crack the province market. The major players on the local market announce the opening of nearly 500 stores in the ... More


CITY CENTER ONE shopping mall opened in Zagreb

Zagreb Mayor Milan Bandic opened the City Center One shopping mall in Zagreb's Jankomir suburb on Thursday, an Austrian investment worth more than EUR100 million, with 85 shops, restaurants and other facilities. The two-storey ... More


Metro Cash&Carry could openup to four new shops in Romania

Metro Cash&Carry intends to open in Romania three-four shops at most in the next two-three years, the company intending first of all to consolidate the business on the local market, after the network has reached 23 distribution ... More


Spar plans to open 200 stores in Romania

Dutch retail company Spar plans on long term to open 200 stores in Romania. For now Spar will open its second store on the local market in Resita with an investment of EUR 2.1 million. The company owns another store in Arad which ... More


Property fund Luke to build shopping mall in Varna

Luke, the real estate investment trust incorporated by Carl-Heinz Pfohe, the German owner of Bulgarian Ford dealer Moto Pfohe, is starting the construction of the Pfohe Mall retail center in Varna, said Moto Pfohe executive ... More


Hofer Announces Major Expansion in Slovenia

The step should also entail raising the current number of workers employed by Hofer in the country from 350 to about 2,350, the company said on Thursday, 28 September. Hofer entered the Slovenian market at the end of last ... More


Hofer Announces Major Expansion in Slovenia

Hofer Slovenija, the Slovenian arm of the Aldi Sued discount chain group, has announced plans to increase the number of its stores in Slovenia from 17 to 80 by 2009. The step should also entail raising the current number of ... More


Piccadilly Opens Doors in Bulgaria's Veliko Tarnovo

A store of Bulgaria's fast-developing Piccadilly chain will be officially inaugurated September 15 in the town of Veliko Tarnovo. Piccadilly is part of Mall of Sofia, the largest shopping, business and entertainment center in ... More


Lithuanian co to build 500 mln euro mixed-use complex in Sofia

Sofia Acropolis, the Bulgarian unit of Lithuania's AB Akropolis Vilnius, Thursday unveiled a proposal for the construction of a large mixed-use complex in Sofia. The 500 mln euro price tag of the project has earned a First ... More


Multirama sees 15% gain in Bulgaria '07 sales

Greek PC vendor Multirama plans to increase local sales by 15% in '07 on the back of the 8 mln lev sales performance forecast for this year, director general of the Bulgarian office of the company Valentin Kuntorov tells news ... More


Flamingo Closes 20 Locations As Part Of Flanco Absorption

Local retailer Flamingo closed down almost 20 stores as part of its merging process with retailer Flanco, which it has acquired. The stores which were closed covered up to 100 sqm and had been opened under the Flamingo brand. At ... More


Praktiker Romania To Add Five New Locations With EUR 40 Million

Retailer Praktiker Romania will build another five locations in Targu-Mures, Galati, Braila, Bucharest and Satu Mare by the end of this year, with an investment of EUR 40 million, the company announced. The average investment for ... More


French retailers to invest over EUR 1 bln. in Romania until 2010

The French retail companies, among the most dynamic players in the Romanian market, will conduct, over the next five years, investments in excess of EUR 1 bln. with the aim of expanding and consolidating the chain networks, ... More


No"green light" to "Mercator" for the take over of "M Rodić" by Commission for Protection of Competition.

Slovenian "Mercator" will not be able to take over company "M Rodić" if it does not get the consent from the Commission for Protection of Competition in Serbia. The management of Slovenian market chain has already sent ... More


Baltika plans to invest in Bulgaria

AS Baltika, the Estonian clothes retailer, plans to enter one or two new markets before '09 and is looking at Bulgaria and Romania, which may join the European Union on Jan. 1, as well as Hungary, Croatia and Slovenia, news ... More


Domo Opens New Unit In Bulgaria

Domo opened their third unit in Bulgaria, as the Romanian market is stagnant. After the first unit opened in Plovdiv in March, this month, two units were opened in Sofia and Haskovo. By the end of August, two other Domo stores, ... More


Foreign retailers expand outlet network in Bulgaria

Two international retail chains inaugurated new stores in Bulgaria within days of each other. After delaying for a month the launch of a new store in Sofia, Austrian retail chain Billa finally cut the ribbon for its outlet in ... More


Ramstore selling Bulgarian outlets

Food retailer Ramstore Bulgaria AD, a wholly owned subsidiary of Turkish retailer Migros Turk T.A.S., has put up for sale its outlets in Sofia. The information was confirmed by the local Ramstore office. The company did not ... More