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Nordsee to open units in Hungary this year

German seafood restaurant chain Nordsee AG is planning to open units in Hungary this year, business daily Világgazdaság reported.

The company also wants to open restaurants in Russia, Ukraine, Slovenia and the Czech Republic, the paper said. Nordsee won't make expansion plans public until preparations are complete, Világgazdaság said, citing Nordsee public relations executive Beate-Christina Hagen.

There are 130-140 fast food restaurants in Hungary, with U.S. franchiser McDonald's Corp. controlling 90 units, Világgazdaság said. Subway Corp. of the U.S. entered the Hungarian market in 2004 and has opened seven franchise units, the newspaper added. Nomura Holdings Inc. and Heiner Kamps, who sold his chain of German bakeries in 2002, bought Nordsee from Apax Partners Worldwide LLP for an undisclosed price last year.