Penetrating the Serbian Wholesale Market becomes more demanding

2005 seems to be the year that marks the most important developments in the area of Wholesale stores.
First of all, in January the German Metro Cash & Carry chain of stores opened its ... More


Who’ll be buying C MARKET?

As we find ourselves on the final stretch of the change of the proprietary regime of C MARKET in Serbia, the entire process coincides with the buying-out of the 12% share package of the Slovenian company MERKATOR by DELTA HOLDING ... More


Hardware retailer Merkur opens first store in Serbia

Slovenia Hardware retailer Merkur opened it first retail outlet in Serbia, the company's biggest store abroad. The EUR 10m investment in Belgrade extends on almost 10,000 sq. metres, offering the widest range of hardware products ... More


Mercator doubles profit in first nine months

Slovenia's leading grocer group has reported a 116.2% rise in nine-month net profit, which stood at SIT 9.65bn (EUR 40.28m). Mercator Group increased net sales revenues by 8.6% in the same period to SIT 297.8bn (EUR 1.24bn), ... More


Veliko Tarnovo mall to be completed in end-March

A shopping mall with a built-up area of 33,000 sq.m is being built in the city of Veliko Tarnovo. The project has been prepared by the university lecturer Arch. Stanimir Mihailov. The complex is located in the west part of the ... More


Europolis prepares new investment

With less than two months before the end of a busy year for Austrian funds, eyes turn to Vienna-based Europolis, which will reportedly invest 100 million Euros in a shopping centre in Bucharest. Bernhard Mayer, managing ... More


MERCATOR-DELTA Holding new deal

MAXImazing DELTA’s share in Serbian retail Business. According to the Slovenian newspaper Finance DELTA HOLDING acquired last September an approximate 12% share of retail chain MERKATOR. The transaction was completed ... More


Mercator buys Era for 58.4 million euros

Shareholders of Era decided to sell all real estate and inventories in Slovenia to retailer Mercator in a move that sees Era withdrawing from the domestic retail market. In addition to taking over 46,000 sq. metres of gross ... More


"Tansas" transfer to Koc Holding approved

The Competition Board of Turkey has approved the partnership of Koc Holding Migros taking over 70.77 percent of shares owned by Dogus Group in Tansas directly and indirectly. The total value of the company for the sale was ... More


New Makro store

Makro Cash & Carry Hellas opened its seventh outlet in Greece, the second in Thessaloniki. The new store cost 8.5 million euros and will employ 120, serving food and catering ... More


Mercator to build shopping complex in Novi Sad

After two and a half years of negotiations, Slovenian retailer Mercator has reached an agreement with the local government in Novi Sad to build a retail complex at an elite downtown location in the city. The company hopes to ... More


IKEA to open second store in Athens

Fourlis group announced that its subsidiary IKEA signed an agreement for the lease of real estate property in West Attica, where the second IKEA store in Athens will be established. The second IKEA will be of the same size as ... More


Tender for sale of "Boska" extended

Directorate for Privatization of RS (www.rsprivatizacija.com) has extended the deadline for tender for sale of State-owned assets in Department Store "Boska" from Banja Luka until October 27. The tender for sale of 58.52% of ... More


Kaufland enters romanian retail trade market

Germany’s Kaufland Company, part of Lid&Schwartz, is aiming to become a leader on the Romanian food retail market, after it opened its first local shop, a discount hypermarket in Bucharest City. “We will compete ... More


GE acquires 50% stake in Mall of Sofia

General Electric's acquisition of a 50% stake in Mall of Sofia, a mixed-use building currently under construction in Sofia, is only the beginning of GE's plans to make more business deals in the country. A consortium led by GE ... More


VP Market Retailer Expands in Bulgaria

Lithuania's VP Market, the operator of the largest Baltic retail chain, has opened a new T- Market discount store in Bulgaria, its fifth retail outlet in the country. The store is located in the capital Sofia and covers the area ... More


Rewe to Invest €220 mln Bulgaria's Retail Sector

German retailer Rewe plans to invest 220 mln euro and expand its retail network in Bulgaria over the next five years. Rewe, which already operates 18 Billa retail stores in Bulgaria, plans to invest 120 mln euro over the next ... More


Unirea Shopping Centre reports profit growth

Unirea Shopping Centre said its six-month net profit stood at nearly 3.2 million lei, three times higher than the level recorded in the first half of 2004, as expenses dropped by 11 per cent. Total revenues maintained a similar ... More


Anador invests in commercial centre

Dutch-based Anador has invested 2.5 million Euro in setting up a commercial centre on the location of the former horse tram depot in Bucharest. The facility is set to open in the first half of November. "This has been an urban ... More


Companies Seek to Postpone Double Pricing until July 2006

Meeting with representatives of the Bank of Slovenia, the association got the information that the exchange rate might be cemented at the end of June 2006, so prices could be fixed, not merely given as information, on 1 July ... More