Банкеръ Weekly

Briefs

GERMANS TO OPEN A BUILDING MATERIALS MARKET IN PLOVDIV

The ОВI corporation has announced its serious intention to set up one of the first building materials market in Plovdiv this year. Representatives of the German company confirmed that during their visit to that city. With a total of 600 building materials markets, 420 of them in Germany, ОВI is the top owner of such markets in Europe. By the end fo 2005 the company projects to build also 100 new hypermarkets for construction goods in China. OBI's annual turnover is EUR9BN.EUR12-15MN will be invested in the market in Plovdiv that will spread on 20 dca. Construction should be completed within six to eight months. One hundred working positions will be opened and the company has promised to work with Bulgarian suppliers mainly. Later on such markets will be built in another ten big Bulgarian towns. The corporation plans to step onto Romania as well in a year or two.

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