Lidl Bulgaria to Build Its Largest Logistical Center near Kabile
Lidl Bulgaria EOOD plans to build its largest logistical center in the country near the southeastern village of Kabile on an area of 188 decares.
Austrian do-it-yourself chain bauMax has sold its Bulgarian unit comprising eight stores to local investor Haedus JSC.
"We are pleased that we have found a good solution for Bulgaria with respect to our employees, customers and suppliers and we continue to work intensively to successfully implement the restructuring program in cooperation with the banks by 2016" said bauMax CEO Michael Huerter in a media statement.
The measure is part of the company's efforts to return to growth.
The company refrains from disclosing the price of the deal, which is yet to be approved by Bulgaria's competition authority.
The transaction is to take place in the form of a "share deal."
bauMax sold its business in Romania in July. In April, the Austrian DIY chain of stores announced it would sell its seven stores in Turkey.
bauMax is implementing a restructuring plan and intends to concentrate on Austria, the Czech Republic, Slovakia, Hungary and Slovenia, according to Austrian media outlets.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
FlixBus, the renowned European bus company, is set to launch new routes to and from Bulgaria in anticipation of the summer season
In a significant development, the Russian army has seized control of the pivotal village of Ocheretyne in the Donetsk region of Ukraine, a strategic location crucial for Ukrainian defense efforts
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
In a concerning revelation, the ad hoc committee investigating the activities of Gleb Myshin uncovered that over the past three to four years, a staggering 343 candidates from the Russian Federation seeking Bulgarian citizenship were discovered to have su
As the summer season draws near, the issue of staffing in the tourism sector in Bulgaria comes to the forefront once again, with the workforce having to depend on individuals from foreign countries for yet another year
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022