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)
Related news
New Product Launches In Spain Hit New Low, Study Finds
Innovation in Spain’s FMCG sector is at a record low,…
Read more >Schwarz Group acquires Romanian big box operator La Cocoș
In a market shaped by hypermarket contraction and discount dominance,…
Read more >Lidl and the Ministry of Agriculture announced: the domestic melon season has begun
The first shipment of watermelons from Hungarian suppliers has arrived…
Read more >Related news
Now you can get the ingredients for Hungarian lecsó up to 20% cheaper at PENNY
The unmissable favorite of the summer season is fresh, homemade…
Read more >Beer with melon? Or how do Hungarians cool themselves off in the heat?
More people choose air conditioning to relieve the heat at…
Read more >Alcohol-free novelty in the Balaton wine world
Laposa Birtok has reached a new milestone: it has introduced…
Read more >