The Lidl is expanding from loans
German retailers Lidl and Kaufland, both owned by the German Schwarz group will receive a 60 million euros loan from the World Bank to continue their expansion in Romania.
In the past ten years, Lidl and Kaufland have received over 900 million USD public development funds from a division of the World Bank and the European Bank for Reconstruction and Development (EBRD), to finance their expansion in Central and Eastern Europe, including Romania.
Kaufland is the biggest retailer in Romania and has over 100 hypermarkets whereas Lidl has over 180 supermarkets. (napi.hu)
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