Kaufland and the Bulgarian Government Clashed so Much that the Fate of a 200 Million Euro Investment Plan Became Questionable.
11 Articles
11 Articles
Kaufland is faced with a high penalty payment in Bulgaria, which could also have consequences in this country.
Kaufland may review its future investments in Bulgaria after the country's competition authority fined the retail chain €75.5 million for unfair commercial practices. The chain strongly denies the charges and intends to use all legal means to defend its interests before Bulgarian and European institutions, while the fate of a €200 million development program has become questionable, retail portal ESM reported.
The participation of the CEO of Kaufland Bulgaria, Mihail Petrov, in a forum of the Association for Modern Trade brought into focus the data on the scale of the company and its role in the chain of producers, suppliers and employers. According to an economic report presented by the company, for 20 years of activity in Bulgaria, Kaufland has generated a total added value of 13.7 billion euros. The amount includes the direct and indirect effects o…
Kaufland has found itself at the center of a dispute with the Bulgarian antitrust authority. The retail chain was fined €75.5 million, or approximately PLN 320 million, for violating unfair trade practices regulations. According to ESM Magazine, Kaufland denies the allegations and vows to defend its rights. At the same time, the company intends to reconsider its investment plans in Bulgaria, which involved spending €200 million over three years.
Kaufland Bulgaria will reconsider its investment plans after the local competition authority imposed a €75.5 million fine on the company for unfair commercial practices. The chain is contesting the decision and vowing to defend its rights.
Economist and journalist Kalina Androlova came out with a merciless assessment of the behavior of the CEO of Kaufland Bulgaria, Mihail Petrov.
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