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.
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.
