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IKEA may re-direct investments from Poland to Bulgaria or Romania – Puls Biznesu

Swedish furniture retailer IKEA threatened to freeze the bulk of its investments in Poland and redirect them to Bulgaria or Romania, Polish business daily Puls Biznesu reported.

The company has apparently been ired by legislative limitations regarding the operation of large commercial sites. In particular, Poland introduced legal changes, which narrowed the range of opportunities for their operations and curbed investments in the field.

Wojciech Dzwonkowski, an investment consultant at IKEA Centre Polska said the restrictions hurt IKEA's expansion plans, particularly those in Lodz and Poznan.

These investments are worth 300 million euro and are to create 3000 jobs.

Plans of IKEA in Poland were to open eight new IKEA stores and malls, each worth 200 million euro.

IKEA plans to build three hypermarkets in Bulgaria. They are to be opened between 2009 and 2011. In its first move toward entry in Bulgaria, in early 2008 it bought a land plot in Sofia.
April 30 2008, Source:sofiaecho.com

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Monday, May 12 2008

Expat of the Week

anglachanka

I like motorcycles, driving, rambling in the countryside, going to bazaars, relaxing in the sunshine ... read more

What`s on in Bulgaria

Theatre

  • Bollywood
    What: dance
    When: May 8, 7pm
    Where: Sfumato Theater-Workshop, 2 Dimitar Grekov str.

Cultural Institutes

  • Jiri Stach: Natura Magica - The Absurd Universe of Jirka Stach (photographer of the year 2006)
    What: Photography
    When: Until May 9
    Where: Czech Cultural Centre, 100 GS Rakovski Str, Sofia
  • Zofia Fortecka, Magda Fortecka
    What: Gold Legends, exhibition of painting on glass
    When: Until June 5
    Where: Polish Institute, 12 Veslets str
  • One World International Documentary Festival
    What: Film festival at the Czech Cultural Centre, Dom na Kinoto, Institut Francais, Polish Institute, Bulgaria-Korea Multimedia Hall at the National Palace of Culture (NDK)
    When: May 7 to 11
    Where: Czech Cultural Centre, 10 GS Rakovski str

Art

  • ART POSITIVE 2008: FRAGMENT
    What: exhibition with the participation of 14 Plovdiv artists
    When: Until May 25
    Where: Centre for Contemporary Art - Plovdiv arttoday.org

Museums

  • The Third Bulgarian Kingdom 1878-1946
    What: Presentation of objects related to the Treaty of Berlin, Interim Russian Government, Founding Assembly, Unification of Eastern Roumelia and the Kingdom of Bulgaria and more
    When: Until 2009
    Where: National Museum of History, 16 Vitoshko Lale Str, Boyana, Sofia

Opera and Ballet

  • Ta Traviata
    What: opera by Giuseppe Verdi
    When: May 9, 6pm
    Where: Varna Opera Theatre, 1 Nezavisimost Sq, Varna

Live Music

  • Music + Fashion
    What: Sofia DJs spin house, techno, tribal and drum and bass rhythms
    When: Every Friday and Saturday
    Where: Capasca, 80 Vitosha Blvd
  • After Business Club
    What: weekly mixers
    When: Wednesdays, 8pm
    Where: Chillout Bar & Dinner, 5 Triaditsa Str
  • LOVECH PARTY FEST 2008
    What: concerts of Dr. Alban, Ace of Base, Ja Rule, Maxi Jazz will spin with 3D/DJ AnneMiek Trio, WASP and Twisted Sister. free entrance to all concerts
    When: May 6 to 11
    Where: Lovech
  • MAYDAY FESTIVAL
    What: MAYDAY FESTIVAL - with Ignite, Born from Pain, Death Before Dishonor, Burn the 8 Track, Smut, BFDM, Brothers in Blood, Melekh, A-moral
    When: May 5, 4pm
    Where: 4KM Party Centre, 111 Tsarigradsko Chaussee
  • World Beat Nights
    What: Indian night - includes special meditation with mantra singing two hours before the party
    When: May 9, 10.30pm
    Where: Club Pulse, 50 Tsar Samuil str