Romanian furniture company Mobexpert opened its first hypermarket in Bulgaria in Sofia's residential district of Lyulin.
Ten million euro was invested, of which 80 per cent were provided as a bank credit from Alpha Bank, the president of Mobexpert Group Dan Sucu said as quoted by investor.bg.
The building construction costed eight million euro and the rest of the sum would be invested in products.
The company's expansion strategy for the period until 2011 envisions investments of 40 to 50 million euro.
The hypermarket would provide 420 work places. Annual profit of Mobexpert's hypermarkets was 200 million euro. The company has 4500 employees.
In June, 2007 Mobexpert announced that it was planning to open hypermarkets in Plovdiv and Varna.
Romanian Prime Minister Kalin Popescu Taricanu, on a visit to Bulgaria, was present at the opening.
Bulgarian companies should invest in Romania, Taricanu said as quoted by Focus news agency. Investment is the way in which both countries could increase their population's income and reach the standards of living of other European Union countries, he added.
The fact that the company decided to invest in Bulgaria was evidence of the good business climate in the country.
Ten million euro was invested, of which 80 per cent were provided as a bank credit from Alpha Bank, the president of Mobexpert Group Dan Sucu said as quoted by investor.bg.
The building construction costed eight million euro and the rest of the sum would be invested in products.
The company's expansion strategy for the period until 2011 envisions investments of 40 to 50 million euro.
The hypermarket would provide 420 work places. Annual profit of Mobexpert's hypermarkets was 200 million euro. The company has 4500 employees.
In June, 2007 Mobexpert announced that it was planning to open hypermarkets in Plovdiv and Varna.
Romanian Prime Minister Kalin Popescu Taricanu, on a visit to Bulgaria, was present at the opening.
Bulgarian companies should invest in Romania, Taricanu said as quoted by Focus news agency. Investment is the way in which both countries could increase their population's income and reach the standards of living of other European Union countries, he added.
The fact that the company decided to invest in Bulgaria was evidence of the good business climate in the country.
