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!
As the May holidays mark the onset of sea tourism, Bulgarians and foreigners preparing for their annual getaways are facing a stark reality: trips this year will come with a heftier price tag
Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
In an unexpected turn, Bulgaria and Turkey have been notably absent from the list of the ten cheapest European summer destinations for British tourists
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022