March 27 (SeeNews) - The Bulgarian unit of German retail chain Kaufland said on Wednesday it has opened a second base at its logistics complex in Rakovski Industrial Zone, near the city of Plovdiv, following an investment of over 64 million levs ($36.9 million/32.7 million euro).
The new base will create 100 jobs, Kaufland Bulgaria said in a statement.
The retailer also announced that it is going to build its fifth store in the city of Varna, on the Black Sea coast. Last month, the company opened a new store in Veliko Tarnovo, in central Bulgaria - an investment of nearly 25 million levs.
Kaufland Bulgaria's logistics complex which spreads on 359,000 sq m services all of the company's 59 stores and employs 600 people. The company has invested over 233 million levs in the logistics complex since its launch in 2005.
Kaufland Bulgaria has invested over 1.4 billion levs since it started operations in 2006 and currently employs over 6,000 people.
(1 euro = 1.95583 levs)
Kaufland Bulgaria EOOD & Co KD is among the biggest companies in SEE. You can download our SEE Top 100 ranking
here or subscribe to our free Top 100 newsletter
here