Bulgarian Bus Overturns in Turkey, 11 Injured Including 2 Bulgarians
A bus with Bulgarian registration veered off its path, resulting in 11 injuries, two of which are reported to be severe
Austrian home-improvement DIY chain BauMax has officially announced its withdrawal from Turkey.
BauMax owner Karl-Heinz Essl communicated the news on Austrian ORF television and repeated previous information that the company also mulls leaving other markets in Southeast Europe.
He acknowledged that his offer to sell his contemporary art collection to the Austrian government for EUR 250 M and use the money to save jobs in the company had been declined.
With 10 000-strong staff in nine countries, BauMax has had a significant presence in the Balkan countries since mid-2000s.
In 2010 it extended its business by entering the Turkish market in EUR 60 M worth investment, but has recently struggled to keep afloat and has declared it would put its main effort to save its branches at home.
Germany's Praktiker, which is considered Baumax's rival, also announced an exit from Turkey in February 2013.
February this year saw French DIY chain Leroy Merlin announcing plans to end its presence in Turkey within 6 months.
Earlier this week Austria's Die Presse reported for the first time that BauMax was mulling a pullback from Bulgaria and Eastern Europe.
The chain has opened six branches in Turkey, 15 in Romania and eight in Bulgaria, whereas 65 of a total 158 are in Austria.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
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
Deputy Minister of Transport and Communications, Anna Natova, announced the commencement of construction for an outdoor parking lot at Terminal 2 of Sofia Airport
The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
Experts suggest that Bulgaria's admission to the Eurozone is more realistic in January 2026
Vacationing at the seaside, whether in our country or abroad, is reasonably priced
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022