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Kaufland plans 200 million Euro investments in Romania in the next year

Kaufland, the leader of the Romanian retail market, plans 200 million Euro investments in the 2018-2019 financial year.

2018-02-19 16:52:46

The company will open ten new stores and continue modernizing the existing ones, according to Loredana Samoila, Kaufland Romania's PR manager, according to Romania-Insider.

The retailer has reached a network of 119 stores, seven of which have been opened in the closing financial year. It opened on Saturday its 13th store in Bucharest, creating some 130 new jobs. The store has a total surface of 5,200 sqm, out of which the sales area is 3,400 sqm. The average investment in such stores is around 10 million Euro.

Kaufland is part of German group Schwarz which also owns the Lidl supermarket chain.

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