Hungary’s Libri set to arrive in Romania

Pharma

Libri, Hungary’s largest book retailer with a turnover worth €34 million ($47 million) is set to enter the domestic market next month, when it will launch its first store in Cluj, within the Polus Center shopping complex – according to Ziarul Financiar.

The company plans to open its bookshops in all major Romanian cities and to reach around 20 stores by 2013. “Our goal is to become the biggest book retailer in Romania and, according to our expansion plan, we want to be present in all of the country’s major cities, including Bucharest, within the next 5 years. We hope to open our first store in Bucharest next year,” stated John Holm, manager for Romania of Libri company.

The Cluj-Napoca bookshop will have an area of 500 square meters and will sell 8,000 titles. The total value of investments in Polus Center Cluj amounted to €140 million ($194 million), and last year TriGránit sold Polus Center to Austria’s Immoeast investment fund in a deal worth €210 million ($291 million). (zf.ro)

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.