The German-owned retail chain Kaufland is planning to invest EUR 25mn to EUR 30mn in the construction of five stores this year. The retailer runs 14 units at present and plans to open a store in each settlement with population of more than 100,000 inhabitants. In August last year, the German company announced plans to expand the number of retail stores to 40 in five years, covering 20 cities in the country. Its long-term investment plan is estimated at some EUR 300mn.
Source: Intellinews-Bulgaria Today