The FINANCIAL — The retail companies with the largest investments in expansion during the last two and a half years of economic gloom are the hypermarket chain Kaufland, the DIY retailer Dedeman, and the discounter Lidl, according to an analysis published by Ziarul Financiar.
Together they opened 146 stores in Romania during the period, in the course of which they invested a combined €490m.
Dedeman plans to open another two DIY stores by the end of this year in Romania, while the discounter Lidl has about ten construction sites where it plans to build new establishments by the end of 2011.
The modern retail market in Romania is expected to grow by some 60% by 2020. Romanians spend on average €1,100 a year in modern retail outlets, according to a study from Oxford Economics.