Billa plans to invest up to EUR 36mn per year in Bulgaria by 2014.

By bne IntelliNews June 18, 2010
Austrian retail store chain Billa plans to invest between BGN 65mn (EUR 33.2mn) and BGN 71mn (EUR 36.3mn) per year in Bulgaria between 2011 and 2014, local media reported. The company plans to expand its existing network of 71 stores by investing more than BGN 65mn in opening another 10 stores by the end of this year, Pari daily reported quoting company executives. The company opened on Wednesday a BGN 23mn, 16,600 sq m logistics base near the capital Sofia. Billa set foot on the Bulgarian market in 2000.

Related Articles

EC urges Bulgaria to comply with EU rules on free movement of capital.

The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more

Govt seeks delay of antitrust rules violation procedure against Bulgaria.

Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more

Bulgarians hold EUR 100mn in deposits in Cyprus.

Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 296
Dismiss