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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

<< nextprev >>

  Third Bozhkov-controlled company to list on BSE..

  Postbank launches Bulgaria's first APS device..

  Business saves 2B leva from cut in social security contributions..

  All Bulgarian labour contracts will have to be rewritten..

  Greek company to invest 500 million euro in wind energy plant..

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Friday, November 21 2008

Expat of the Week

gerry

I am a Parking attendant at present but training to TEFL. I have had previous teaching experience o ... read more

What`s on in Bulgaria

Art

  • GONE WITH TIME
    What: Rada Tsankova has chosen this title for her solo exhibition because her paintings pose the following question: Are we the ones who go through time, or does time pass through us? It’s an eternal question and the discussion is intimate.
    When: Until November 20
    Where: Rakursi,4a Khan Kroum Str, Sofia
  • NEW YORK-BRUSSELS-SOFIA
    What: In Edmond Demirdjian's paintings the dynamics are evident as well as the unique rhythm of his colours that succeed in conveying the intensity of New York.
    When: Until November 28
    Where: Edmond Atelier,21 13-I March Str, Sofia

Live Music

  • HAGGARD and EXCITER in METAL MAYHEM
    What: For the first time in Bulgaria the symphonic thrash metal band from Germany, Haggard and the legendary Canadian outfit Exciter will hit the stage together. They will be joined by Remember Twilight and Balkanjii.
    When: November 20, 6pm
    Where: Blue Box club, Sofia
  • TEREN Music Parties
    What: Elements of Feelme Crew have been very active on the musical Tereni and there will be a lot more from them in the future. Teren (which translates into English as terrain) is Bulgarian slang for a house party.
    When: November 22, 10pm
    Where: Party Centre 4KM, Sofia
  • AL Di MEOLA QUARTET - NEW WORLD SINFONIA TOUR 2008
    What: The 2008 World Tour by guitar virtuoso Al Di Media and his quarter New World Sinfonia will culminate with two performances in Bulgaria.
    When: November 22 and 23
    Where: Plovdiv and Rousse
  • MIZIA: THE LISBON SONG (JAZZ)
    What: In her latest project, Susana Maria, aka Mizia, has returned to classical fado - the nostalgic, heartbreaking soulful sounds of the Portuguese capital’s dimmed and noisy taverns.
    When: November 29
    Where: Bulgaria Hall, Sofia