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.
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Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
Eurostat's latest findings have shed light on the shifting landscape of household energy prices in the European Union, with Bulgaria emerging as a frontrunner in affordability.
The National Statistical Institute reports that in 2023, the poverty line for the entire country stood at 637.92 BGN per person per month within households
Along the Southern Black Sea coast, preparations are in full swing for a successful and peaceful summer season, as confirmed by Minister of Tourism Evtim Miloshev following discussions with local authorities and control institutions
As summer approaches, Bulgaria's seaside tourism industry faces a daunting challenge as hotels may remain shuttered due to a severe shortage of staff
The real estate sector in Sofia has shown resilience in the face of ongoing pandemic challenges, maintaining stability across all segments in the first quarter of the year
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022