Sat, Nov 21 2009
Carrefour's first outlet in Bulgaria was opened in the Bourgas Plaza shopping centre in March.
Photo: Georgi Kozhouharov
The European Trade Centre has five class A office buildings with a total area of 70 000 sq m. Colliers International is the consultant on the 70 million euro project
After Bourgas, Carrefour eyes Sofia next, but not before February 2010
Carrefour opens the first of four stores planned for Bulgaria in Bourgas Plaza, the city's first shopping mall, which is due to open for business in the first week of April
France's Carrefour, Europe's biggest retailer, has not given up on the planned rapid expansion in Bulgaria despite the global economic slump, sources close to the company said. The chain has inked a contract to open a 10 000 sq m outlet in Rousse's Grand Plaza shopping mall, which should be finished in 2010. Carrefour has been preparing for Bulgarian entry for a several years now, planning to debut in 2009 and build a 30-strong network of supermarkets and hypermarkets over the folowing five years.
The Black Sea town of Pomorie has approved a proposal for the construction of a spacious and modern marina, with a capacity of over 600 yachts and small passenger ships.
Over the course of a year, from one of the leaders in Europe in new construction, Bulgaria became one of the countries currently quagmired at the bottom of the table and was now amongst the three worst hit countries, along with Romania and Slovenia.
The park is posed to act as an economic stimulant in the region, creating a modern infrastructural base for companies. It is set for completion by Q3 of 2010.
Both retailers target at least 50 outlets in Bulgaria by the end of 2010.
When will Bulgaria’s real estate and construction sector recover?