Business in Romania blog: Doing business in Romania and business issues

The business in Romania blog writes about the Romanian business landscape, doing business in Romania, investing in Romania business and debating on business issues in Romania. Check this Blog's Policy here.

Sitemap | Feedback | Doing Business in Romania report | Opening a Business in Romania | RSS for this Blog

Thursday, September 08, 2005

Tengelmann to open stores in Romania

Plus Discount, a subsidiary of the German distribution group, Tengelmann, will open at its first 15 stores in the Romania market in November.

The announcement came from Uwe Klostermann, the company's general company, who stated that three of these stores would be located in Bucharest.

The value of the investment is expected to be approximately 200 million euros.

The company is looking at cities with a minimum population of 30,000.

A typical company store has a total surface area of 5000 square meters, of which 1,200 is used as selling space. Each store requires a 1.5 million euro investment.

Posted by Iulia Rasoiu : 9/08/2005 09:54:00 am