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German Heinemann plans investments in Bulgaria

Competition

One of the biggest operators of duty free trade in the world – the German Heinemann has serious investment intentions towards the Bulgarian market, writes Pari newspaper.

The company has officially deposited its interest in a letter to the Bulgarian prime minister Sergei Stanishev. The letter is signed by Christoph Hoisser, member of the board of directors of Heinemann on 29 April. Heinemann wishes to work together with the Bulgarian duty free operators through a management contract by undertaking the overall management and control of the activity.

The company intends to invest in the establishment of modern trade places at the Bulgarian land border points. “We want to participate in the development of the market by diversifying the portfolio of goods with international trade marks and also by our experience and know how in the supply and the operation of the European border shops”, says the letter. Heinemann has projects in the Czech republic, Poland, Romania, Germany, Greece.

Similar intentions has the Irish AER Rianta International, which is also among the leading duty free operators in the world. Its representatives have already held talks with Bulgarian duty free operators. Currently, clarifications with the Irish embassy in Sofia are going on because the company is 100% state one. Another multinational company, Nuance, attracted by Heinemann’s interest, is also researching the opportunities, informed the Bulgarian association for free trade. (News, Bulgaria)

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